Vivint

The residential solar company unveiled a novel financing deal and grew installations and bookings, but is still struggling to reduce installation costs.

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 $466 million deal and a $345 million private placement together comprise an $811 million refinancing for the residential solar company.

While Tesla/SolarCity, Vivint and Sunrun still made up the top three in 2017, the “long tail” of installers is gaining market share.

The residential solar power company continues its focus on higher profits, hinting at strong growth potential in coming quarters as sales teams settle into their new pipelines.

GTM Research and SEIA’s final report on the solar market in 2017 shows both the struggle of the residential solar market, as well as a larger than anticipated fall in utility-scale volumes, leading to a 30% contraction overall.

The lawsuit alleges customers were misled on savings from solar leases and whether liens could be placed, in aggressive sales situations.

The residential solar installer says that it is ready to begin growing again this year, as it continues to transform its business in a shifting industry.

Sunrun installed only 17% less solar than Tesla/SolarCity during Q3, as the only of the big three residential solar companies that is still growing

In line with the sluggishness of the residential solar sector Vivint’s volume deployed remains substantially lower than a year ago, as its business model shifts.