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During the Covid-19 pandemic, 2020 is still a record-breaking year for home solar energy storage in the United States

  • news2020-10-19
  • news

As people are confined at home by the epidemic and are more aware of their home energy needs, April has become an important month for companies to generate digital clues by accelerating the transition to new ways of working.

 

home energy needs

 

In this strange year, American home solar companies such as Sunrun, Vivint, Sunpower, and Tesla claimed that they could resist the impact of the epidemic through remote sales and new online strategies.

It turns out that they are right.

BloombergNEF predicts that Americans will install a record 3 gigawatts of solar energy on the roofs of their houses, although these figures may not match the simple period at the end of 2019.

Despite the Covid-19 pandemic, capital is still pouring into the solar field. BloombergNEF predicts that Americans will install a record 3 gigawatts of solar energy on their roofs, although these numbers may not meet expectations.

US solar manufacturer Sunpower recently announced a $1 billion partnership with the Silicon Valley Credit Union Tech CU, which will provide funding for its loan projects. The partnership provides financing opportunities for potential U.S. residential solar and energy storage customers. California Institute of Technology is one of the 20 largest credit unions in California.

The combination of an online sales strategy and a new group of local customers curious about energy has allowed the market to grow in a disastrous year.

solar companies

 

Bloomberg’s “Green” magazine quoted an analyst as saying: “The promotion of renewable energy is indeed very strong. This has freed the industry from the worst plague and some natural disasters.”

As we have reported, the sudden arrival of the epidemic has put flexibility in the first place and accelerated the adoption of digital sales practices.

Sunrun CEO Lynn Jurich said on the quarterly earnings conference call: “We have seen great success in the transition to digital sales. We already understand how the industry will evolve—it may take two years—and We completed it in just one month. I am very encouraged by this shift and its impact on acquisition costs.”

In the first quarter earnings conference call, the CEOs of Vivint and Sunrun both stated that the digital lead in April was clear. Enphase Energy also noted that it has seen an increase in digital leads and traffic to its online store.

Jurich said on the Sunrun earnings conference call: “Preliminary signs show that even if the country’s economy is in a long-term downturn and consumer confidence is weak, people will still want to use solar energy.”

Dongguan Slocable Photovoltaic Technology Co.,LTD.

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