Houston-based solar company Sunnova Energy recently warned investors about its financial stability, despite generating $840 million in revenue last year. The company reported a $368 million loss, following layoffs of over 15% of its workforce.
Why This Matters
The news highlights both opportunities and risks in the solar sector. While demand for solar is booming, some companies are struggling with financing models and capital constraints. For businesses, this underscores the importance of working with financially stable solar providers when investing in solar energy.
What You Should Do
- Vet your solar provider carefully to ensure long-term reliability.
• Explore multiple financing options to find the best deal.
• Act fast to secure incentives, as financial uncertainties could impact availability.
At Commercial-Solar.org, we help businesses navigate the complexities of the solar industry to make smart investment choices.