Latest news with #CharlieHadlow
Arab News
15-05-2025
- Business
- Arab News
Republican House bill would jack up cost of US solar home systems, PV panel makers warn
Companies that put solar panels on US homes say a Republican budget bill advanced in Congress this week would deal a massive blow to the industry by eliminating a generous subsidy for homeowners that had buttressed the industry's growth. The bill would scrap a 30 percent federal credit for taxpayers who put up rooftop systems, stifling an industry that has grown ten-fold over the last decade and which now employs more than 100,000 workers, industry players said. 'It certainly is a giant setback,' said Charlie Hadlow, president of EnergySage, an online solar marketplace. 'I have solar installers in our large network passing around the contact information for bankruptcy attorneys. That's not alarmist, that's happening.' Many of the biggest residential solar markets are in states that voted for President Donald Trump, including Texas, Florida and Arizona, according to the Solar Energy Industries Association trade group. The House of Representatives Ways and Means Committee voted this week to allow the 25D tax credit to expire at the end of this year, nine years earlier than planned, as part of a Republican effort to roll back subsidies from former President Joe Biden's signature climate law, the Inflation Reduction Act. A spokesperson for Republicans on the committee did not immediately respond to a request for comment. The bill still has several hurdles to clear before getting a broad package of tax cuts, spending hikes and safety-net reductions through Congress. The White House did not immediately respond to a request for comment. Trump wants to undo federal regulations and programs introduced by Biden that are aimed at expanding clean energy and combating climate change. More than half of residential installations qualify for the 25D tax credit, according to EnergySage, which estimates that rooftop systems will be about $8,000 or $9,000 more expensive without it. The subsidy has been critical for small installers whose customers pay cash or take out loans and then claim the credit on their tax returns. For panels that are owned by a third party, such as a bank, and leased to homeowners, system owners are able to claim a separate tax credit that the House bill would leave in place until 2032 but start to phase out in 2029. That market is dominated by large players like Sunrun. 'You want to just place a larger burden on the regular Joe who pays taxes? It doesn't seem fair,' said Jack Ramsey, CEO of Altsys Solar in Tulare, California. Ramsey anticipates cutting his nine-person staff to four or five people if the credit is eliminated. At the end of 2024, the US boasted 36 gigawatts of residential solar capacity, up from 3 GW in 2014 and a level equivalent to a third of the nation's nuclear power capacity. Rooftop solar accounts for more than a third of solar industry jobs, according to the Interstate Renewable Energy Council. Rob Kaercher, CEO of Absolute Solar in Lansing, Michigan, has 24 employees and wants to hire more, but will not if the credit goes away. 'I strongly urge the credits to be maintained, because it would do a tremendous amount for local businesses just like ours to be able to continue to hire and grow,' Kaercher told reporters. The move to eliminate the credit caught many in the industry off guard. Thomas Clark, the director of marketing and communications of Northstone Solar in Whitefish, Montana, met with staff from his state's Congressional delegation in Washington earlier this year and came away from the meeting feeling the credit was safe. 'Obviously this happening so quickly after those meetings really hurts as a constituent,' Clark said.
Reuters
15-05-2025
- Business
- Reuters
US rooftop solar companies say Republican House bill would be a major setback
May 15 (Reuters) - Companies that put solar panels on U.S. homes say a Republican budget bill advanced in Congress this week would deal a massive blow to the industry by eliminating a generous subsidy for homeowners that had buttressed the industry's growth. The bill would scrap a 30% federal credit for taxpayers who put up rooftop systems, stifling an industry that has grown ten-fold over the last decade and which now employs more than 100,000 workers, industry players said. "It certainly is a giant setback," said Charlie Hadlow, president of EnergySage, an online solar marketplace. "I have solar installers in our large network passing around the contact information for bankruptcy attorneys. That's not alarmist, that's happening." Many of the biggest residential solar markets are in states that voted for President Donald Trump, including Texas, Florida and Arizona, according to the Solar Energy Industries Association trade group. The House of Representatives Ways and Means Committee voted this week to allow the 25D tax credit to expire at the end of this year, nine years earlier than planned, as part of a Republican effort to roll back subsidies from former President Joe Biden's signature climate law, the Inflation Reduction Act. A spokesperson for Republicans on the committee did not immediately respond to a request for comment. The bill still has several hurdles to clear before getting a broad package of tax cuts, spending hikes and safety-net reductions through Congress. The White House did not immediately respond to a request for comment. Trump wants to undo federal regulations and programs introduced by Biden that are aimed at expanding clean energy and combating climate change. More than half of residential installations qualify for the 25D tax credit, according to EnergySage, which estimates that rooftop systems will be about $8,000 or $9,000 more expensive without it. The subsidy has been critical for small installers whose customers pay cash or take out loans and then claim the credit on their tax returns. For panels that are owned by a third party, such as a bank, and leased to homeowners, system owners are able to claim a separate tax credit that the House bill would leave in place until 2032 but start to phase out in 2029. That market is dominated by large players like Sunrun. "You want to just place a larger burden on the regular Joe who pays taxes? It doesn't seem fair," said Jack Ramsey, CEO of Altsys Solar in Tulare, California. Ramsey anticipates cutting his nine-person staff to four or five people if the credit is eliminated. At the end of 2024, the U.S. boasted 36 gigawatts of residential solar capacity, up from 3 GW in 2014 and a level equivalent to a third of the nation's nuclear power capacity. Rooftop solar accounts for more than a third of solar industry jobs, according to the Interstate Renewable Energy Council. Rob Kaercher, CEO of Absolute Solar in Lansing, Michigan, has 24 employees and wants to hire more, but will not if the credit goes away. "I strongly urge the credits to be maintained, because it would do a tremendous amount for local businesses just like ours to be able to continue to hire and grow," Kaercher told reporters. The move to eliminate the credit caught many in the industry off guard. Thomas Clark, the owner of Northstone Solar in Whitefish, Montana, met with staff from his state's Congressional delegation in Washington earlier this year and came away from the meeting feeling the credit was safe. "Obviously this happening so quickly after those meetings really hurts as a constituent," Clark said.
Yahoo
15-05-2025
- Business
- Yahoo
US rooftop solar companies say Republican House bill would be a major setback
By Nichola Groom (Reuters) -Companies that put solar panels on U.S. homes say a Republican budget bill advanced in Congress this week would deal a massive blow to the industry by eliminating a generous subsidy for homeowners that had buttressed the industry's growth. The bill would scrap a 30% federal credit for taxpayers who put up rooftop systems, stifling an industry that has grown ten-fold over the last decade and which now employs more than 100,000 workers, industry players said. "It certainly is a giant setback," said Charlie Hadlow, president of EnergySage, an online solar marketplace. "I have solar installers in our large network passing around the contact information for bankruptcy attorneys. That's not alarmist, that's happening." Many of the biggest residential solar markets are in states that voted for President Donald Trump, including Texas, Florida and Arizona, according to the Solar Energy Industries Association trade group. The House of Representatives Ways and Means Committee voted this week to allow the 25D tax credit to expire at the end of this year, nine years earlier than planned, as part of a Republican effort to roll back subsidies from former President Joe Biden's signature climate law, the Inflation Reduction Act. A spokesperson for Republicans on the committee did not immediately respond to a request for comment. The bill still has several hurdles to clear before getting a broad package of tax cuts, spending hikes and safety-net reductions through Congress. The White House did not immediately respond to a request for comment. Trump wants to undo federal regulations and programs introduced by Biden that are aimed at expanding clean energy and combating climate change. More than half of residential installations qualify for the 25D tax credit, according to EnergySage, which estimates that rooftop systems will be about $8,000 or $9,000 more expensive without it. The subsidy has been critical for small installers whose customers pay cash or take out loans and then claim the credit on their tax returns. For panels that are owned by a third party, such as a bank, and leased to homeowners, system owners are able to claim a separate tax credit that the House bill would leave in place until 2032 but start to phase out in 2029. That market is dominated by large players like Sunrun. "You want to just place a larger burden on the regular Joe who pays taxes? It doesn't seem fair," said Jack Ramsey, CEO of Altsys Solar in Tulare, California. Ramsey anticipates cutting his nine-person staff to four or five people if the credit is eliminated. At the end of 2024, the U.S. boasted 36 gigawatts of residential solar capacity, up from 3 GW in 2014 and a level equivalent to a third of the nation's nuclear power capacity. Rooftop solar accounts for more than a third of solar industry jobs, according to the Interstate Renewable Energy Council. Rob Kaercher, CEO of Absolute Solar in Lansing, Michigan, has 24 employees and wants to hire more, but will not if the credit goes away. "I strongly urge the credits to be maintained, because it would do a tremendous amount for local businesses just like ours to be able to continue to hire and grow," Kaercher told reporters. The move to eliminate the credit caught many in the industry off guard. Thomas Clark, the owner of Northstone Solar in Whitefish, Montana, met with staff from his state's Congressional delegation in Washington earlier this year and came away from the meeting feeling the credit was safe. "Obviously this happening so quickly after those meetings really hurts as a constituent," Clark said. Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
US rooftop solar companies say Republican House bill would be a major setback
By Nichola Groom (Reuters) -Companies that put solar panels on U.S. homes say a Republican budget bill advanced in Congress this week would deal a massive blow to the industry by eliminating a generous subsidy for homeowners that had buttressed the industry's growth. The bill would scrap a 30% federal credit for taxpayers who put up rooftop systems, stifling an industry that has grown ten-fold over the last decade and which now employs more than 100,000 workers, industry players said. "It certainly is a giant setback," said Charlie Hadlow, president of EnergySage, an online solar marketplace. "I have solar installers in our large network passing around the contact information for bankruptcy attorneys. That's not alarmist, that's happening." Many of the biggest residential solar markets are in states that voted for President Donald Trump, including Texas, Florida and Arizona, according to the Solar Energy Industries Association trade group. The House of Representatives Ways and Means Committee voted this week to allow the 25D tax credit to expire at the end of this year, nine years earlier than planned, as part of a Republican effort to roll back subsidies from former President Joe Biden's signature climate law, the Inflation Reduction Act. A spokesperson for Republicans on the committee did not immediately respond to a request for comment. The bill still has several hurdles to clear before getting a broad package of tax cuts, spending hikes and safety-net reductions through Congress. The White House did not immediately respond to a request for comment. Trump wants to undo federal regulations and programs introduced by Biden that are aimed at expanding clean energy and combating climate change. More than half of residential installations qualify for the 25D tax credit, according to EnergySage, which estimates that rooftop systems will be about $8,000 or $9,000 more expensive without it. The subsidy has been critical for small installers whose customers pay cash or take out loans and then claim the credit on their tax returns. For panels that are owned by a third party, such as a bank, and leased to homeowners, system owners are able to claim a separate tax credit that the House bill would leave in place until 2032 but start to phase out in 2029. That market is dominated by large players like Sunrun. "You want to just place a larger burden on the regular Joe who pays taxes? It doesn't seem fair," said Jack Ramsey, CEO of Altsys Solar in Tulare, California. Ramsey anticipates cutting his nine-person staff to four or five people if the credit is eliminated. At the end of 2024, the U.S. boasted 36 gigawatts of residential solar capacity, up from 3 GW in 2014 and a level equivalent to a third of the nation's nuclear power capacity. Rooftop solar accounts for more than a third of solar industry jobs, according to the Interstate Renewable Energy Council. Rob Kaercher, CEO of Absolute Solar in Lansing, Michigan, has 24 employees and wants to hire more, but will not if the credit goes away. "I strongly urge the credits to be maintained, because it would do a tremendous amount for local businesses just like ours to be able to continue to hire and grow," Kaercher told reporters. The move to eliminate the credit caught many in the industry off guard. Thomas Clark, the owner of Northstone Solar in Whitefish, Montana, met with staff from his state's Congressional delegation in Washington earlier this year and came away from the meeting feeling the credit was safe. "Obviously this happening so quickly after those meetings really hurts as a constituent," Clark said. Sign in to access your portfolio
Yahoo
29-04-2025
- Business
- Yahoo
Residential Solar Prices Dropped and Tesla Dominated Battery Market, according to EnergySage's 2024 Solar & Storage Marketplace Report
20th edition of EnergySage report captures consumer trends from 2024, offers insight into 2025 BOSTON, April 29, 2025 /PRNewswire/ -- After a year of contraction, residential solar and storage prices both reached new all-time lows even as panels have continued to increase in power output, according to the 20th EnergySage Intel: Solar & Storage Marketplace Report released today. This semiannual report analyzes millions of transaction-level data points from homeowners shopping on from January through December 2024 for solar panels, inverters, batteries, and more from solar companies in all 50 states and Washington, D.C. EnergySage's report captures the trends shaping consumer behavior, installer offerings, and equipment preferences, while spotlighting early indicators of how tariffs, interest rates, and Tesla brand backlash may influence the market in the months ahead. Below are three key insights from the latest report, which can be downloaded for free at Residential solar and storage prices both reach new all-time lowsSolar prices dropped for the third consecutive six-month period, hitting $2.50 per watt, the lowest median quoted price since EnergySage began tracking data in 2014. Quoted storage prices also fell, setting a new record low of $999 per kilowatt-hour stored. "Heading into 2025, solar and battery prices had never been lower on the EnergySage Marketplace, and for homeowners, that means more affordable and accessible clean energy solutions," said Emily Walker, Director of Content and Insights at EnergySage. "This creates a compelling record-low benchmark to measure against as we begin to see the effects of shifting policies and tariffs take hold this year." Tesla's Powerwall 3 disrupts the storage—and solar—marketTesla became the most quoted battery brand in H2 2024, occupying 63% of Marketplace share nationwide. Because the Powerwall 3 includes an integrated inverter, Tesla also became the second-most quoted inverter brand. With batteries increasingly being added to solar systems—the national battery attachment rate jumped to 45% in H2 2024, an all-time high—Tesla's growth was a key driver of the low storage and solar prices seen on EnergySage. "Tesla's emerging dominance in both storage and inverter quotes reflects the market's appetite for integrated, all-in-one solutions," said Charlie Hadlow, President and COO of EnergySage. "But as concerns around availability and brand sentiment surface, we're watching closely to see whether this momentum holds or if consumer backlash will begin to shift installer and homeowner preferences." Rated solar panel output continues to climbSolar panels have continued to increase in power output due to larger sizes and higher efficiencies. In H2 2024, 33% of quotes included solar panels with rated outputs above 450 watts, up from just 1% in H2 2023. We are tracking tariff-related solar panel stockpiling to see if it hinders U.S. solar technology growth in 2025. "As panel technologies improve, more homeowners are being offered higher-output systems—meaning fewer panels, more power, and a better return on investment," said Emily Walker, Director of Content and Insights at EnergySage. "We're closely watching how inventory strategies and upcoming tariffs may shape this trend." For a decade, the Solar & Storage Marketplace Report has provided an unparalleled look into the trends for pricing, equipment, and consumer preferences shaping today's U.S. residential solar, energy storage, and home electrification industry. "The data in this report tells a broader story about the industry's evolution," said Charlie Hadlow, President and COO of EnergySage. "From the rise in storage adoption to the shift toward higher-efficiency equipment and lower costs, we're seeing homeowners take greater control over their energy choices. EnergySage is here to help them power their way." This latest report furthers the company's mission to make clean energy and energy-saving solutions like rooftop solar, energy storage, community solar, and heat pumps more accessible and affordable through trusted resources, unbiased advice, and a simple shopping experience. For questions or to inquire about additional insights, please contact intel@ ABOUT ENERGYSAGE, is the simplest, most trusted way to comparison shop and save on high-quality clean energy and energy-saving solutions, including rooftop solar, energy storage, heat pumps, and community solar. As the trusted partner for hundreds of vetted and accredited solar, HVAC, and electrical installers, EnergySage enables shoppers to request multiple high-quality quotes in minutes. With in-depth resources and unbiased support, EnergySage makes the entire process simple, low-stress, and more affordable for consumers, while serving as the conduit for clean energy companies and providers in all 50 states and D.C. to grow their businesses, reduce costs, and simplify their operations. For these reasons, leading organizations like National Grid, Mass Save, Sierra Club, Intuit, SEIA, and NCSU's DSIRE point their audiences to EnergySage to begin their clean energy transitions. Visit EnergySage for more information, and follow us on Facebook, Instagram, LinkedIn, Threads, TikTok, Bluesky, and YouTube. View original content to download multimedia: SOURCE EnergySage
