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The Home-Solar Boom May Have Gone Bust. What’s Next for Solar Power?

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The Wall Street Journal

Technology

4.41.4K Ratings

🗓️ 6 September 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

The amount of electricity generated by solar panels has surged over the last decade. But while rooftop solar panels are more common than ever, the balance of solar-power generation has shifted from power systems on individual homes to large-scale commercial arrays used by utilities. WSJ’s Danny Lewis sits down with energy and climate reporter Phred Dvorak and Pvilion CEO Colin Touhey to talk about the future of home solar, and the new role it might play in the power grid. What do you think about the show? Let us know on Apple Podcasts or Spotify, or email us: [email protected] Sign up for the WSJ's free The Future of Everything newsletter. Further reading: The Home-Solar Boom Gets a ‘Gut Punch’ The Solar Breakthrough That Could Help the U.S. Compete With China Why Californians Have Some of the Highest Power Bills in the U.S. Coming Soon for Homeowners: Solar Panels That Actually Look Attractive Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:14.4

slash Wall Street. If you look up at your neighbor's rooftops you might see

0:21.9

some solar panels soaking up the sun.

0:24.8

The sheer amount of electricity that can be produced by residential solar power arrays across

0:29.2

the US has surged over the last 14 years.

0:32.8

From 667 megawatts of installed capacity on rooftops in 2010

0:37.6

to more than 37,000 megawatts midway through 2024,

0:41.5

according to the Solar Energy Industries Association, a trade group.

0:44.8

Last year, more money went into solar than into all other sources of energy generation

0:52.2

combined. If you look at what's called

0:54.5

utility solar, which is the biggest solar farms that feed utilities and the grid, that's

1:01.0

booming as well. But at the same time, reporter Fred DeVorax says distributed

1:06.0

power generation, like lots of small rooftop solar arrays providing power where it's needed,

1:11.5

is taking the backseat to more traditional energy models where large solar power plants transmit energy

1:14.1

models where large solar power plants transmit energy to

1:17.3

utilities, sometimes over long distances.

1:21.0

Add in high interest rates and rising costs for financing and labor and home solar is now

1:26.0

slumping.

1:27.0

It just makes it harder to recover your costs on any solar installations and it makes it a lot less attractive

1:36.1

for homeowners who are thinking of putting up solar.

...

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