The Potential Collapse of the Rooftop Solar Industry

🌞The rooftop solar industry is at risk of collapsing due to several factors.

💸Many rooftop solar companies have gone bankrupt, leaving customers with unsupported systems.

📉There is a surplus of unsold solar panels in the market, leading to a decrease in demand and prices.

⚡️Changes in legislation, such as lower purchase rates for excess electricity, have impacted the profitability of rooftop solar.

🔍Consumers should be cautious when considering rooftop solar investments and thoroughly research the company's financial stability and reputation.

Why are rooftop solar companies going bankrupt?

—Several factors contribute to this, including oversaturation of the market, decreased demand, and changes in legislation that impact profitability.

What happens to customers with rooftop solar systems when a company goes bankrupt?

—Customers are often left with unsupported systems, with no way to get assistance or repairs. They may also face difficulties in selling their excess electricity back to the grid.

Why are there unsold solar panels in the market?

—The market has been flooded with solar panels due to oversupply. This has resulted in decreased prices and reduced demand for new installations.

What are the changes in legislation affecting rooftop solar?

—Some regions have decreased the rates at which they purchase excess electricity generated by rooftop solar systems. This means that customers receive less compensation for the electricity they generate.

Should I still consider investing in rooftop solar?

—It is advised to be cautious when considering rooftop solar investments. Thoroughly research the financial stability and reputation of any company before making a decision.

00:00The potential collapse of the rooftop solar industry is a growing concern.

03:46Many rooftop solar companies have gone bankrupt, leaving customers with unsupported systems.

06:12The market is saturated with unsold solar panels, resulting in decreased demand and prices.

09:03Changes in legislation, such as lower purchase rates for excess electricity, have impacted the profitability of rooftop solar.

10:32Consumers should be cautious when considering rooftop solar investments and thoroughly research the company's financial stability and reputation.