Johan
Ex got M3 in the divorce, waiting for EU Model Y!
That's for the utilities to manage. The critical question is how much revenue these assets can generate over the next 30 years. Every GW of distributed solar installed knocks out about 1.4 TWh of net demand for utilities in perpetuity. Utilizatiin falls and revenue per MWh falls. If gross income from generation drops below depreciation, then utilities are in serious trouble. If utilities start missing payments on debt, then bond investors are in trouble. So the question is how quickly can distributed solar penetrate this market. If utilities do not lower retail rates, they will accelerate the transition.
Last sentence: they're damned if they do, damned if they don't. Only way out is to become a company based around solar.