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Another Solar Company Bites The Dust

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Randolph Kinney

Elite Member
Joined
Apr 7, 2005
Professional Status
Retired Appraiser
State
North Carolina
Due to unforeseen circumstances, we have no choice but to suspend the operations of Level Solar and terminate employees effective immediately,” according to the termination note signed by the board of directors.

Weir said he didn’t believe the closure would have an impact on existing Level Solar customers, who receive a discount on their electric bills for essentially leasing their rooftops to the company over 20-year terms.

Last year, two other companies, SunEdison and NRG Home Solar, left the solar installation business, while other players including SolarCity, have sharply curtailed their leased solar transactions.

Level’s business model “went out of favor,” Rosenberg said. Companies such as SolarCity are moving away from the leasing model and are promoting customer system ownership rather than leasing, he said.

Game over. People who lease are losers. The easy money is gone. Those that can afford to purchase, have.
 

Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
In July, Crescent Dune came back on line.

Las Vegas Review Journal: "The leak that shut down the Crescent Dunes facility in October was discovered just days after SolarReserve CEO Kevin Smith, U.S. Sen. Dean Heller, R-Nev., and then-Deputy Energy Secretary Elizabeth Sherwood-Randall gathered at the plant to announce plans for as many as 10 more of the arrays at an as-yet-undisclosed location in Nye County.

If built, the $5 billion endeavor, known as project Sandstone, would rank as the world’s largest solar energy facility with an output of 1,500 to 2,000 megawatts, enough to supply about a million homes."


So July production was 10,000 megawatts, its peak production was 30,000 megawatts. Using hillbilly math, Crescent Dune is a 10K to 30K x 12 = 12 to 36 MMW plant. If $1 billion gets you power for 25,000 homes, then it doesn't follow that $5 billion will supply power for 1,000,000 homes. I thought realtors and builders were bad at math. Rocket scientists are behind Solar Reserve and they are really bad at math.
 

AMF13

Elite Member
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Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
These guys are too smart for hillbilly math.
Hillbilly math. :leeann2:
 

Terrel L. Shields

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Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
The state cash cows are drying up. OK has far more wind generators than necessary for them alone but a generous wind subsidy was breaking the budget. They tapered that down, and the wind gens are much reduced - ditto for solar.

Wind and solar destabilize the grid. Yes, that is, in part, due to an antiquated grid system where measured responses can be made to with fossil fuels, nukes, and hydroelectric power. But the Federal mandate that FORCES utilities to buy solar and wind energy even when they don't need it is an utter and disgusting travesty. The results of similar efforts in Europe and Australia has resulted in a dramatic increase in brown outs, blackouts and E prices tripling. Meanwhile, Germany is using more coal than ever before and Britain pretends wood pellets are "green" because they plant a tree to replace the wood cut. This wood is supposed to "waste wood" but, if fact, most of it comes from the SE of the US and is cut for the purpose of making into wood pellets for the overseas market.
 

Randolph Kinney

Elite Member
Joined
Apr 7, 2005
Professional Status
Retired Appraiser
State
North Carolina
Imposing tariffs on solar components imported into the U.S. will drive up prices for solar developers. It could also cost U.S. taxpayers as much as $1.23 billion.

The U.S. offers incentives to encourage people to use clean energy, paying owners of solar-power systems a tax credit equal to 30 percent of the total installation costs. More expensive panels leads to higher costs, and that means taxpayers could be on the hook for about $1.23 billion more, according to an estimate from Cowen & Co. analyst Jeffrey Osborne.
 
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