30 Sep '11, 4pm

Third-Party-Owned Solar Dominates the California Market

Third-Party-Owned Solar Dominates the California Market

Third-party financing of solar, be it some form of lease or power purchase agreement (PPA), is becoming the leading method by which homeowners can afford to install solar. June of this year was the first month in which more Californians elected to go with a third-party-owned solar installation rather than a cash purchase, according to PV Solar Report . This form of financing was largely non-existent in solar a decade ago, but SunEdison pioneered the process for commercial installs and firms like SunRun, Sungevity, SolarCity and, more recently, Clean Power Finance and OneRoof Energy have joined the fray with their own slant on the finance tool for residential solar. Growth in this financing method is true for non-residential installs, as well. This chart from GTM Research shows the growth of third-party financing in non-residential CSI deployments -- 17.6 megawatts in the f...

Full article: http://www.greentechmedia.com/articles/read/Third-Party-O...

Tweets

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