As part of the collaboration between pv magazine USA and SunCast, we bring you an audio special edition marking the one-year anniversary of Hurricane Maria and looking at the role that solar and energy storage has played in the recovery of Puerto Rico.
Following the April decision that opened the door to Sunrun’s leases, the residential solar leader began offering its solar leases and energy storage product in the state today.
The third party solar company has begun offering its solar finance agreements in Florida after the state regulators rule that a 20-year fixed lease is legal in the state and SB90 passed.
The Texas-based residential solar company has partnered with a group that focuses on long duration investments. Sunnova has raised more than $2.5 billion since 2012.
The island’s largest residential solar installer is asking Congress to modify the investment tax credit (ITC) into a cash-grant program, which it says would encourage private investment in the area.
In a pointed letter to Puerto Rico’s utility, the U.S. residential solar provider, who has been trying to provide power to customers on the island since two hurricanes devastated it earlier this year, blasts the utility for making its job infinitely harder.
Current estimates suggest 80% of Puerto Rico is still without power, but thanks to Elon Musk’s efforts at least one children’s hospital has been able to turn the lights on.
The Texas-based residential solar company is in discussions with the governor of the hurricane-ravaged island to help rebuild its grid.
Since 2012, the company has raised nearly $2 billion to support its business model of funding projects off its balance sheet.
In an atmosphere where U.S.-based solar module manufacturers are dropping like flies, it’s nice to see one ramping up production to meet ever-increasing demand for U.S.-made modules.
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