While residential solar leases and PPAs peaked in 2016, GTM Research is now predicting that solar loans will represent nearly half the market this year.
The SC Senate budget committee has removed an amendment that would have lifted the restrictive 2% caps on net metered-solar from the state’s budget bill. The caps could be hit in both utility service areas by the end of the year.
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.
While Tesla/SolarCity, Vivint and Sunrun still made up the top three in 2017, the “long tail” of installers is gaining market share.
The company reiterated full-year guidance of 15% growth in deployments – and cash generation at even higher rates.
GTM Research finds that the loan provider has become the largest residential financier overall, while Sunrun leads in the third party solar space.
Florida regulators have ruled that Sunrun’s 20-year solar equipment lease in Florida is not a retail sale of electricity – opening the door to third-party owned solar.
Over the protests of many different parties, Michigan has become the latest state to experiment with destroying the fundamental policy for distributed solar in the United States.
The company deployed 85 MW of residential solar during Q4 2017, as the last of the big three residential solar installers sticking to the third-party solar model.
Former Level Solar CEO Richard Keiser has filed a motion for the company’s Chapter 11 bankruptcy to be converted to a Chapter 7 liquidation, in a web of accusations and counter-accusations.
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