ConveYour's Solar News Roundup - Q4 2024

Every quarter, our ConveYour team assembles a newsletter digest of the biggest news, trends, and developments in the world of residential solar. This newsletter is sent out to our subscribers before it gets posted on the site. ‍

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Enerflo was awarded the Best-in-Show for Residential award at Solar Power World's Top Products Competition for 2024.
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While solar installations are down 13% when compared to last Q4, this is still an increase of 21% when compared to the previous quarter, Q3.
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Enverus Intelligence Research released their US Residential and Storage Forecast. Their forecast predicts that 47% of American homes will be equipped with residential solar by 2050, as well as widespread solar adoption resulting from ever-increasing energy prices.
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Spruce Power has announced its acquisition of NJR Clean Energy Ventures' residential solar portfolio, which will grow the company's solar assets by 13%.
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Freedom Forever has been named the Top Residential Solar Contractor in Solar Power World's Annual Top Contractors List for 2024.
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🇲🇦 Did You Know?

In Morocco, the Noor Solar Complex uses mirrors to focus sunlight on molten salt, which retains heat to generate electricity even after sunset.
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The Solar Energy Industries Association (SEIA) has officially published its comprehensive agenda for the incoming Trump Administration and 119th Congress.
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As of Q3 2024, solar cells were manufactured domestically in the United States for the first time since 2019. This was led by facilities located in Alabama, Florida, Ohio, and Texas.
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EnergySage has released a new report indicating that most residential solar installations pay themselves back after 7.5 years, down from 8.1 years in 2023. This is mainly due to ever-reducing costs as the industry matures.
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New York has reached its goal of 6-GW solar deployment ahead of schedule, as part of its Climate Leadership and Community Protection Act.
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Distributed solar is at the heart of reducing greenhouse gas emissions, expanding the availability of renewable energy, and delivering substantial benefits for our health, our environment and our economy.

New York State Governor Kathy Hochul

Did You Know?

🌵 In dusty regions like deserts, solar panels can come with a self-cleaning coating inspired by lotus leaves, helping maintain efficiency in difficult conditions.

UK-based solar startup Sunsave has raised millions of pounds in financing to offer solar panels to homeowners on a 20-year "subscription" model.
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Demand for solar panels in Germany is facing a sharp decline in the final quarter of 2024. This is mainly due to rising cost of living as well as the pullback of government subsidy programs, many of which were introduced in the wake of the Russia-Ukraine War.
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Still, 2024 was overall the biggest year for solar yet in Germany, with PV generation at a whopping 72.2TWh for the year. Battery storage also had a record year as Germany, and the world at large, move more toward renewables.
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Japan is experiencing a solar storage boom, despite slow adoption of EVs in the country. This boom is largely driven by government-backed building regulations and virtual power plant program, both of which will expand further in 2025 and 2026.
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🏆 Solar Power World released their Top Solar Contractors list for 2024.
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📊 EnergySage has released a new report with their revised predictions for the future of the residential solar industry.
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📝 Registration is NOW open for SolarCon 2025, which will take place April 15-17 in Las Vegas. 
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