All because the Govt got involved! Subsidies are the worst way to run any industry!!!

I warned abut this decades ago, that the CPUC (California Public Utilities Commission) would eventually gut the home solar producer.
That buying a leased system would never pay for itself, that eventually the CPUC would slash the amount of solar power they were willing to buy, and they did it.

Not only that, but the Calif. energy grid was never designed for these kinds of transfers, and they think we can go all EV?

More than a hundred solar contractors have already gone out of business during the past year as demand dried up, according to data tracked by Solar Insure, a company that monitors residential solar installations and helps fix problems.

The state has installed so many panels that it has a glut of solar power during the day. Last year, California implemented new rules that cut the amount of compensation most rooftop solar owners get for the electricity they send to the grid by 75% or more to manage the oversupply and soaring costs for upgrading the grid.

Here it is in a nutshell.

When David Phippen, a third-generation almond grower in central California, first installed solar panels in 2009 to help power equipment on his farm, he recalls thinking it was "the best thing since canned beer."

Under the old solar-compensation rules, the economics worked out. But now that those payments will be slashed, adding more solar no longer makes sense, says Phippen—even though he has more equipment and bigger electricity needs.

https://www.zerohedge.com/political/daytime-solar-power-glut-california-rooftop-sales-plunge-90