Solar Equipment Shortages Due to COVID-19 Pandemic

Vaccines may be providing hope that the COVID-19 pandemic is reaching its demise, but solar equipment shortages are still present as COVID continues to shutdown countries around the world.

Act now and you’ll avoid paying overpriced costs. Here’s why solar shortages are happening and why you need to hurry up and invest in solar in Florida now:

Ongoing Disruption to the Solar Industry

COVID-19 has disrupted the production and transportation of key solar equipment that is typically imported from overseas since as early as last March. Although the equipment has been making its way through, the solar industry is seriously suffering from shortages that show no sign of slowing soon.

In particular, China is one of the major sources of solar equipment and has placed many of its cities under frequent lockdowns. This has caused factories and suppliers to shut down entirely, causing solar equipment production to hit a wall. Naturally, as China accounts for 80% of the global market, this has triggered shortages for solar installers, big and small. The same can be said for much of Europe.

The Fight for Raw Materials

Even US manufacturers are hit by China’s delays, as raw materials such as aluminum and PV glass have been hard to find. With production rates so low, imports to the US have been far lower than expected. Shipping companies have also suffered delays, with ports being closed or restricted worldwide.

Consequently, panel manufacturers in the US have been significantly affected by raw material delays. Most solar module production manufacturers in the US stock around one to two months of materials. Sadly, many of these manufacturers are once again running out of stock – so they can’t produce solar panels.

It Could Be Bad News for Solar Batteries Too

The majority of the world’s lithium-ion battery manufacturers are also struggling to keep up with the demands. With mandatory lockdowns and less staff in factories triggering delays across the board.

These delays are occurring as we see boosts in growth for both solar battery storage and electric vehicles.

COVID Has Heavily Hit the US Solar Industry

According to the Solar Energy Industries Association, the US solar sector has already lost over 65,000 jobs thanks to the pandemic. That’s five years of job gains!

Most of the job losses have been in the residential and commercial solar sectors. These employ a larger number of people per gigawatt than the larger utility-scale solar market. We’ve seen other companies have their solar projects canceled and even some installers close entirely.

Solar Prices Expected to Drive Up!

The cost of PV modules has risen for many solar power installation companies over the past year and is likely to rise again as these solar equipment shortages hit.

When supplies, competition becomes fierce and that causes the prices to rocket. And guess what? As solar companies have to pay higher equipment costs, they too have to raise their prices.

The Warning Signs Are Clear

The warning signs are evident in countries such as India and Australia. They’re already feeling the heat of China’s worrying glass shortage and are seeing prices rocket higher than Gamestop stock.

Glass shortages have seen prices rise by 71% since July and it’s hitting every country. Naturally, if the price for Chinese glass goes up, then so does the competition for US glass.

The general manager of the world’s largest solar company said, “If solar power generators see solar projects as uneconomical, they will delay investing in new projects and that will drag down solar demand. Solar power plant profits will drop below acceptable levels… if glass makers go on to push up the costs.”

Glass now accounts for around 20% of all solar panel production costs, double the usual amount. Although new glass factories are being planned, it will take at least 1-2 years before they have any effect.

The solar industry could be 20% to 30% short of the glass it needs next year, with the market not being back in balance until 2022. One analyst says: “The shortage is expected to worsen over the next year. Prices for such glass may remain at high levels.”

Why You Need to Invest in Solar Now

Thankfully, Florida Power Services “The Solar Power Company” has enough supplies to cover us for a little while. But as this pandemic’s latest variants spread violently, we fear the worst – an imminent solar equipment shortage.

We don’t want our customers to lose out, paying far higher than they should. That’s why if you’re considering solar installation in Florida, you should hurry up and buy now! Supplies usually have to be ordered in advance, meaning these higher rates could last throughout 2021.

Avoid paying against the competition; install solar in Florida now!

Hope on The Horizon?

The good news is these solar equipment shortages last forever. Hopefully, within the next year or so, we can all start to put the Coronavirus behind us so that prices can return to normal and we can see the projected decrease in solar equipment costs.

However, if you want to make the most of this year’s tax credits and other incentives, then you need to act fast! It’s highly advised that you get in ahead of the competition and buy Florida solar now!

Thanks to the extension of the federal tax credits included in the recent $3 trillion COVID-19 stimulus package, the demand for solar should keep the industry flowing and moving onwards to the bright future it’s projected to have.

HURRY UP AND INVEST IN FLORIDA SOLAR NOW!

As the leading solar installation company in Florida, we currently have enough solar equipment supplies to get your project started and complete at no extra cost or delay. However, we’re warning all potential customers to get in fast!

Schedule a consultation with Florida Power Services “The Solar Power Company” today, and we’ll answer any questions you may have and can install a solar system that ensures your property is built for the future!

Thonotosassa Ground Mount 11.55 kW Solar System

The Solar Specialists at Florida Power Services “The Solar Power Company” had the pleasure of designing and installing this Ground Mount 11.55 kW Solar System for our friends in Thonotosassa. 

Thonotosassa 11.55 kW Ground Mount Solar System
Prepping the structure for an 11.55 kW Ground Mount Solar System 

The Best Solar Solution for YOUR Home.

Unfortunately, after months of dealing with another solar company, no progress was made. After Florida Power Services took over on the project, we had materials on site and the project completed a week later! We take pride in designing solar solutions unique to our customers. For this Thonotosassa ground mount solar system, we chose a Fronius Inverter. A trusted company, Fronius has been in the solar game for over 2o years. To convert the sun’s energy harvested from the array, we utilized the Fronius Primo 11.4 model. The new lightweight compact versions with dual powerpoint trackers, zero tilt mounting and easier field serviceability made this inverter a sure choice. The Fronius Solar Net allows our customers and us to track photovoltaic output as well as alert for any malfunctions.

Thonotosassa 11.55 kW Ground Mount Solar System
Thonotosassa 11.55 kW Ground Mount Solar System

High-Performance Sleek Ground Mounted Solar Design

Installing a new solar system on an old roof is not recommended. This large property presented the perfect opportunity to build a ground mount solar system. With no obstacles that a normal roof presents we were able to design the system to be a perfect rectangle with a total of 35 high-efficiency solar panels. Working with the homeowner we designed the array to be built high off the ground to allow for a shaded canopy area or garage!

Thonotosassa 11.55 kW Ground Mount Solar System
Thonotosassa 11.55 kW Ground Mount Solar System

At Florida Power Services “The Solar Power Company” we understand the importance of providing a system that is the envy of the neighborhood, never an eyesore! When selecting panels for a residential or commercial project we look at a number of factors. Some key factors include performance output, quality of materials used, availability of panels, aesthetics and manufacturer location. This Thonotosassa Residential Solar System features 35 high-efficiency Q.PEAK DUO G5 330 modules. These Q Cells solar modules provide an impressive visual look and a particularly high performance on a small surface with the innovative Q.ANTUM DUO Technology.

Thonotosassa 11.55 kW Ground Mount Solar System
Thonotosassa 11.55 kW Ground Mount Solar System

Thonotosassa, Did you miss out on the 30% Tax Rebate?

Don’t fret! While supplies last we are offering a 6% discount on a complete solar installation with no hidden costs. With our new instant quote tool, it is easier than ever to get a quote from Florida Power Services “The Solar Power Company”. Have your very own Seminole micro-inverter solar system installed by a dedicated team of PV professionals.

Check out more of our residential installs here! There is a reason that we are the top-rated solar company in the Greater Tampa Area! Our expert team of NABCEP Certified design professionals and installers will work with you every step of the way to make sure you are getting the right home solar power system to fit your unique needs! Grid-Tied Solar Power is ideal for any home or business owner who wants to save thousands on their energy bills. If you fear the unstoppable rise of electricity costs, then installing a Grid-Tied System will set you up for a future where you have minimal costs and a home of tomorrow. Whether you are looking for grid-tied home solar, battery backup, off the grid or commercial solar system. The professionals at Florida Power Services will take care of you! Don’t forget to give us a like on Facebook!