As Industry braces for changes, some solar installation companies seem better positioned than others.
(PRWEB) February 06, 2017
As Donald Trump’s presidency enters its second week, his policies on immigration and healthcare are dominating headlines as tens of thousands protest in US cities. Trump’s energy plan is also controversial with a rededication to coal and the lifting of environmental safeguards in domestic oil and gas exploration.
What is conspicuously absent in Trump’s “An America First Energy Plan” is his policy on renewable energy.
Renewable energy stocks ended sharply down on November 9, 2016, the day after the presidential election, as Wall Street expected that a Donald Trump administration would institute policies that favor the traditional fossil fuel-based energy sector. Solar installers SolarCity and Vivint Solar ended the trading session down 4% and 6.3% respectively while oil and gas companies Chesapeake Energy and Valero Group traded 8.7% and 6.7% higher.
The solar industry in the U.S. has prospered over the past 8 years as President Obama instituted wide-ranging policies designed to boost the alternative energy industry. With a combination of a 30% federal tax credit and significant federal funding into the development of the sector, millions of Americans have now gone green.
With Trump’s nomination of Rick Perry to be Energy Secretary, Trump seems to be further signalling a departure from Obama’s policies – which leads to major questions regarding the long-term future of the solar industry.
Will Trump roll back the tax credit and allocate less funds to green energy? If so, how will this affect the solar industry? With the uncertainty surrounding the renewable energy sector, are there any unforeseen opportunities and are some companies in a better position than others?
“We see many opportunities that haven’t been reflected in Wall Street forecasts,“ Edward Harner, Chief Operating Officer of Green Solar Technologies, said in an interview. “In the short-term, we feel that demand for solar will spike as people try to make sure that they take advantage of the federal tax credit that is currently available.”
Mr. Harner remarked, “Domestic solar manufacturers will gain more market share as Chinese imports become more expensive. If you’ve been following Solarworld stock, their stock price has gone up almost 30% since Trump won the election.”
He continued, “Solar installation companies like ours that have always used American-made panels are in a unique position that allows us to withstand any potential changes in trade policies such as tariffs being applied to Chinese imports.”
“Most nationwide solar companies use Chinese-made panels so they will be hurt if these tariffs are imposed. We are fortunate to have forged deep relationships with American solar manufacturers and the benefits of these relationships can be seen in the significantly lower price that we pay for our panels. This allows us to pass on the savings to our customers and makes our company the better choice,” Mr. Harner continued.
“Solar is not going away,” Mr. Harner said. “Trump is a businessman and the economics and domestic job-creation potential of solar energy are undeniable. We are confident that we and the rest of the industry will be strong for years to come.”
Alliance between leading solar and backup power companies will enable customers to enjoy uninterrupted energy independence.
Posted: Jan 27, 2017 1:06 AM PDT
Green Solar Technologies, a leading solar panel installation company, announced on Friday that it had completed a partnership deal with Generac Power Systems, maker of natural gas-powered generators that are designed to work with residential solar systems. The deal will allow the two companies to join forces to provide customers with a one-stop shop for solar systems with cost-effective backup power.
“Customers have asked us for years to provide them with a product that will enable them to still have power when the grid goes down,” said Robbie Hebert, VP of Sales at Green Solar Technologies. “The vast majority of our solar customers aren’t interested in going fully off-grid because they enjoy the security of being tied into the grid. But at the same time, they want to make sure that they have power when the grid goes down.”
He continued, “Last year when Hurricane Matthew pounded South Carolina, homeowners were left without power for days and in some areas, weeks. This is difficult to imagine for people who live in areas where the power doesn’t go down frequently but it can be a serious problem. Many of our elderly customers rely on their electricity-powered medical equipment and can’t afford to be without power for hours, let alone days.”
“At this point, battery-based backup systems including the Tesla Powerwall – which by the way, still isn’t readily available a year after it was announced – are extremely expensive and require rigorous annual maintenance. They’re just not worth it,” he remarked. Another unattractive alternative is to have a propane or gas-powered generator but these solutions are typically loud and require storing a large amount of gasoline or propane and manually refilling it.”
Mr. Hebert continued, “Generac runs on natural gas so it’s much cleaner. Also, there is an automatic transfer switch that turns it on when the grid goes down. Linking up with Generac allows us to custom design systems that fit our customer’s needs and sell them to customers who are in areas where the grid consistently goes down. Also, Generac is a much better value than batteries, costing about a quarter of a like-sized battery system.”
“We’re really excited about working with Generac. We feel that together, we’ll be able to create an affordable product that will provide our customers with peace of mind should the grid go down,” said Mr. Hebert.
Green Solar Technologies | Nationwide Solar Power System Installers
Posted: Jan 4, 2017 10:25 AM PDT
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Green Solar Technologies 2016 Holiday Party!
Posted: Dec 30, 2016 10:02 AM PDT
This year our staff gathered together at Fogo De Chao in Beverly Hills for a spectacular evening of fine food and drink, comedy and raffle prizes. We celebrated our growth in sales, as well as our company size. It was a special evening of appreciation. Together we have achieved so much through the commitment and dedication of our passionate employees. The year 2017 will be exciting for all of us at Green Solar Technologies. All of us at Green Solar Technologies wish you and yours a happy and healthy New Year!
Featuring installations in California, Arizona, Texas and more.
Posted: Dec 12, 2016 4:55 pM PDT
We are happy to welcome our new customers to our solar family!
Green Solar Technologies is a full-service solar company offering great solar products made in the USA. Our solar specialists and project managers keep the customer experience pleasant with reliable contractors, financing, 25 year warranty, solar panel monitoring, and even roof repair. GST also offers a $1000 reward for referring new customers. Every customer has a unique set of financial goals, and our free quote helps our customers decide how financing options will acquire returns on their solar investment. As a nationwide company, Green Solar Technologies includes state specific and federal incentives from the very start in our free quote.
At a shareholder meeting in Los Angeles on September 2, 2016, Green Solar Technologies announced stellar results for the First Half of 2016
Posted: Oct 27, 2016 6:39 AM PDT
The leading nation-wide solar installation company reported strong sales growth in key markets, an impressive expansion in its nationwide partnerships, and robust increase in both revenue and profits.
Commenting on the results, Mr. Edward Harner, Chief Operating Officer of GST, said:
“We are very happy with our performance so far this year. We’ve managed to outperform our expectations in both our expansion efforts, as well as our sales projections.
Growing our business in CO, TX and NC was crucial for us because of the challenges we faced last year with NV Energy in Nevada – one of our biggest markets at the time. Our Nevada business effectively ground to a halt, so, we made it a priority to increase our presence in other key states.
Reaching 200 partners around the US was a huge milestone for us. Having partners everywhere significantly decreases solar installation project time to completion allowing our customers to begin saving money sooner. We are very confident that our infrastructure and processes allow us to be a great deal more efficient than other solar companies.
At the end of last year and early this year, we invested heavily in marketing and also had a significant increase in referrals which led to the largest half-year sales revenue increase that we’ve ever had. Our Net Profit increase was substantial, although less than our increase in sales. This is largely due to the fierce competition in the solar industry at the moment. We were forced to lower our prices in order to remain competitive. We hope and believe that our increase in sales volume will more than make up for our lower margins.
Overall, we believe that our company is moving in a positive direction and we are highly optimistic about the remainder of 2016.”