The solar industry is growing rapidly, which means solar installers and manufacturers are competing with ever-growing numbers of companies for space in the market. This can lead to bankruptcy cases for solar companies who fall behind in the industry, as seen recently with Sungevity and SolarWorld. As a solar shopper you may be concerned about the state of warranty coverage for your panels in the event that the solar company you are working with goes under. In this article, we will look at solar manufacturers and installers, and what their financial positions mean to you as their customer.
The solar industry has been abuzz in the wake of the proposed Tesla-SolarCity merger, and a number of exciting developments surfaced this week in response. An IPO announcement from solar installer Sungevity, SunPower’s latest record-breaking panel efficiency and a clean energy pact between Canada, Mexico and the U.S. are the key stories from this week’s Solar Energy News report.