30 Jul '15, 11am

Third-party ownership accounts for 72% of US residential solar installations

Third-part ownership has given consumers across many demographic and socioeconomic categories the ability to afford solar installation when they otherwise would not. Image: Borego Solar US residential third-party ownership penetration and installations by ownership type: GTM Research There were 1.2GW of US residential solar installations last year, of which 72% was third-party owned (TPO) through leases and power purchase agreements (PPAs), according to a GTM research study. The report, ‘US Residential Solar Financing 2015-2020’, found the remaining 28% was directly owned by customers, but mostly through loans. Financing options, particularly leases, have been a major driver for the residential solar market to grow in 15 of the previous 16 quarters, GTM found. For example, TPO has given consumers across many demographic and socioeconomic categories the ability to afford so...

Full article: http://www.pv-tech.org/news/third_part_ownership_accounts...

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