Sunrun batting .984
Sunrun’s initial solar power loan securitization, vintage July 2015, hit its three year mark with 110 solar assets having defaulted out of the 7,893 solar assets at closing, representing $2.4 million and 1.6% of the portfolio.
Halfway into the year, Duke hits South Carolina net metering cap
New solar customers now have the option to sell power at a price far below retail to Duke Energy, in the state with the highest monthly electricity bills in the country.
Solar loans overtake third-party as dominant residential solar model
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.
South Carolina net metering cap increase derailed
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.
Sunrun brings third-party solar to Florida
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.
Tesla stays on top of the California solar market
While Tesla/SolarCity, Vivint and Sunrun still made up the top three in 2017, the “long tail” of installers is gaining market share.
Sunrun deployments down 7%, but revenue up 36%
The company reiterated full-year guidance of 15% growth in deployments – and cash generation at even higher rates.
Mosaic, Sunrun lead residential solar finance
GTM Research finds that the loan provider has become the largest residential financier overall, while Sunrun leads in the third party solar space.
Florida allows Sunrun solar power leases despite 3rd-party ban
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.
Michigan dismantles net metering
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.
