Bay Area solar industry in shakeout
Recurrent Energy's Arno Harris says the next few years will be a time of transition for the solar industry.
A shakeout is rocking the Bay Area solar industry, as companies lay off, pull back or file bankruptcy.
While parts of the solar industry continue to thrive, the worst may not be over for companies that manufacture solar panels domestically or are pursuing technologies that can’t compete on cost.
“It’s going to be bloody,” said Lux Research solar market analyst Matt Feinstein, who expects more companies to go under this year.
There are hundreds of solar companies in the greater Bay Area that focus on solar’s full spectrum: financing, installing, manufacturing panels or pieces of panels or accessories to panels. There are companies that help installers manage the sales process and others that distribute equipment to installers or find land that can be developed with solar projects.
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