Residence Photo voltaic is rising, however giant installers are nonetheless dropping cash

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Home Solar is growing, but large installers are still losing money

Sunrun and Sunnova, two of the country’s largest solar companies, lost $ 500 million in the first nine months of the year, and a total of $ 1.3 billion in cash was spent operating and purchasing solar systems. The companies and their supporters on Wall Street say the losses are due to solar panels growing rapidly and requiring a lot of upfront investment, and investors in the companies can use the losses to offset their tax liabilities. Still, residential solar energy is a highly competitive and expensive business, and Sunrun and Sunnova face hundreds of smaller competitors, many of whom have been making profits for years.