Among them: 1) An interconnection fee (estimated at $75-$150 for new customers) will be imposed. 2) To help finance low-income and energy-efficiency programs, net metering customers will have to pay $0.02-$0.03/kWh in "non-bypassable charges" for electricity consumed. 3) System owners will have to adopt time-of-use electricity rates.
SO IT BEGINS.....THE ELIMINATION OF WELFARE PAYMENTS TO SOLAR COMPANIES
and it is expected to have an estimated $275 million optg loss in the current quarter.
and you wonder why they needed to issue more debt yesterday
already 4 years of tax credits, anyone who wanted it would have gotten it
nothing has fundamentally changed for this company
competiton is fierce; price competition is cut-throat
it is a world away from attaining the critical mass needed to be profitable
it will continue to post significant losses
it will never be profitable
any homeowner who wanted solar would have gotten it already over the past 4 years of tax credits
local markets getting carved up
fierce price competition
last quarters dismal loss report shows growth slowed dramatically and now focus is on COST
confirmed by dismal VSLR outlook
I'M STILL TRYING TO FIGURE OUT WHO IN THEIR RIGHT MIND WOULD SIGN UP FOR A 20 YEAR PPA ?!?!?
CARSON CITY, Nev. (AP) -- The Nevada Public Utilities Commission voted unanimously Tuesday to move forward with a new rate structure for customers with rooftop solar panels, in spite of loud and persistent protests from installation companies that say the switch will usher in a doomsday for their industry.
The three-member commission adopted a proposed order that would reduce by 75 percent the amount NV Energy pays customers for excess power their solar panels produce and change the flat service rate for customers with solar panels
THE SYMBOL "SCTYQ" SHOULD NOT COME AS A SURPRISE.
the business has grown but the losses have grown even faster
expected 2015 loss = $877,000,000
it will make new record lows. the talk is certain oil companies will face bankruptcy.
i would bet that this stock will crash before any oil company file for BK.
one of the biggest solar company out there
look at the chart
rumour that it missed a commerical paper payment today and will file for bankruptcy
suckercity will be next
......"everyone will have a camera strapped to their heads"
q. why r u such a bagholder ?
a. i love the product, the ceo and the company
q. is that the reason u bought the stock ?
a. yes. i bot the camera and then bot the stock at 62+
q. yes, but it has now dropped 45 points from where u bought it . any concerns ?
a. none at all. it is a healthy correction and the number of reasons for buying and owning it it has grown to 22.
q. u know u r losing a lot money why continue to hold on to it ?
a. it's very painful. i got multiple margin calls and i'm tapped out. i've been collecting returnable bottles for the
deposit money for food.
q. why don't you throw in the towel ?
a. i'm in it for the long run. and my long run is longer than the typical long run.
to be continued ......
what does that tell you ?
here are some possible answers
1) company in need of cash
2) can't raise money in capital markets
3) cash burn rate accelerating
Hawaii to CUT Solar Subsidy
similar efforts underway in california, arizona and other states