What California's New Requirements Say About Solar Growth?
WWW.GRIDFREEDOM.COM
As one of the sunniest states in the nation, California has long lead the way in America’s adoption of solar power. So it comes as no surprise that they’ve become the first state to require solar panels on almost all new homes. The decision was made back in May 2018, and the new requirements will go into effect after January 1st, 2020. Homes built after this date must have solar systems installed in order to comply with new standards set forth by the California Energy Commission. What’s the Intent Behind these Requirements? California is aiming to accomplish a number of things with these new standards. Overall, the state is striving to reduce new home energy usage by as much as 50%. In nonresidential buildings, it’s expected that energy usage will drop by 30%, thanks to sustainability upgrades that will also be part of the state’s new set of requirements. 2
The impact of this will be great. It’s been estimated that greenhouse gas emissions will be reduced by an amount equivalent to taking 115,000 fossil fuel cars off the road. And while this change will slightly increase home prices, residents are predicted to save an average of $80 per month on electricity. These savings will eventually offset the rise in housing costs. What Does this Mean for the Solar Industry? Solar energy experts are excited about the implications of these new rules. With solar installations set to become a standard feature of California’s future homes, solar energy is poised to become a common utility. This means that solar will only grow as it becomes an expected part of everyday living. California solar installers aren’t the only ones who benefit from this shift. Soon enough, other states will follow California’s lead, also adopting new solar mandates. 3
The coming years are bound to be a major period of growth for the solar industry. This expectation is already being reflected in the stock prices of the industry’s biggest figures. America’s largest residential solar installer, Sunrun Inc., experienced a 15% rise in its share price upon announcement of the new requirements. Other notable solar companies also saw a big bump in their stocks. How Can Solar Installers Benefit Now? Even if you’re not in California, you could see more business coming your way soon. The news is generating a spike in solar interest among homeowners, who are becoming more aware of how solar is growing.
4
To take advantage of this buzz, you need to round up solar installation leads. But generating them yourself can be timeconsuming and challenging. Fortunately, you can find high quality solar leads for sale from trusted agencies like Grid Freedom. Because we supply only 100% exclusive, qualified solar installation leads, leads we’re known as one of the most reputable solar lead agencies in the industry. Learn more about how we can bring more sales to you in this exciting period of growth. Visit www.GridFreedom.com
5
Grid Freedom, Inc. Address 2430 RT 34 Building B, Suite 202 Manasquan, NJ 08736 NJ 8736
855.596.9567 accounts@gridfreedom.com www.gridfreedom.com