Rooftop solar companies, Enphase Energy Inc. and SunPower Corp. are expected to struggle in 2019 due to rising borrowing costs and decreased demand due to increased demand and increased borrowing rates. Enphase plans to reduce its workforce by 10% and close two factories in Wisconsin and Romania due to decreased demand and higher borrowing rates, leading to a $16 million to $18 million restructuring and asset impairment charges. SunPower shares also dropped after a credit agreement breach led to a drop in share prices. Factors such as increased borrowing costs, restrictive credit conditions, delays in government subsidies and tax credits, and decreased investment in the industry have negatively impacted the industry. The volatile cost of solar panels and changing consumer preferences have made it difficult for rooftop solar companies to compete in the market.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
