Lucas Mearian for ComputerWorld: About 44% of all solar power that's installed on residential rooftops, known as distributed solar capacity, is owned by private businesses, such as SolarCity or Vivint Solar, according to new government data.
Distributed solar capacity in the U.S., which includes all solar power capacity other than utility-scale installations 1 megawatts (MW) or larger, increased to 12.3 gigawatts (GW) as of September, according to new figures from the Energy Information Administration (EIA). In comparison, a cumulative 11.6GW had been installed in the U.S. by the end of 2015. Cont'd...
Lucas Mearian for ComputerWorld: Direct ownership of solar power panels will overtake third-party ownership next year as more consumers are choosing to buy, rather than lease, their panels.
According to GTM Research's latest report, U.S. Residential Solar Financing 2016-2021, 55% of all U.S. residential solar capacity installed in 2017 will be purchased by customers paying either in cash, or through a solar loan financing arrangement; that number is expected to grow to 73% of all solar systems installed in 2021. Cont'd...
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