The third-party residential solar company is still struggling with high costs in its partner network, but has surpassed Vivint Solar as the second-largest residential solar installer in 2016 so far.
Industry analysts note that the market for residential BIPV in the United States is “non-existent” at present, and SolarCity’s plans to use crystalline silicon are a new direction.
The case was closely watched as a precedent for future rate cases in Arizona.
New Mexico regulators have approved a settlement under which a utility request to increase fees on its customers with rooftop solar was nullified, which also reduces fees for agricultural customers.
The leading distributed solar provider is bringing down costs and growing bookings after a difficult Q1, but its losses remain wide.
In results for its first full quarter since the failed merger of Vivint Solar and SunEdison, the residential solar installer reports recovery and record low costs.
Vivint Solar says that the loan will allow it to install solar on 8,250 homes in New York.
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A policy report finds that while utilities are increasingly asking to increase fixed charges, in more than half of recent cases these requests were denied.
The company describes the loan as an alternative to bond securitization for its residential solar projects.
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