Daytime Solar Power Glut in California, Rooftop Sales Plunge 90%
15th April 2024
California created a boom by offering homeowners a chance to sell energy back to the grid at unsustainable rates.
This year utility companies then slashed what they pay to customers by 75 percent or more.
The payback time for these systems no longer makes any sense. More accurately, if you have to subsidize something, it is not economically feasible in the first place; it just looks like it.
The boom then imploded.