Surging Utility Bills Could Prove Boon for Solar Sector in Need of Uplift
US solar industry has faced a barrage of headwinds that have hurt sentiment.
A worker lays down a solar panel in Albuquerque, New Mexico.
Photographer: Sergio Flores/Leading US residential-solar companies are about to give an early glimpse into whether higher energy costs are driving Americans to install panels on their roofs—a potential boon for an industry grappling with policy, trade and supply challenges.
Sunnova Energy International Inc., Sunrun Inc. and SunPower Corp. are scheduled to release their second-quarter results over the next week-plus that may provide such insight. Early indications are promising: Tesla Inc., once the country’s biggest residential-solar company, said July 20 that the second quarter marked its best three-month stretch of deployments in more than four years.