Coal news and updates

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.

Third-party ownership through leases and power purchase agreements (PPAs) hit a five-year low of 56% in the first half of 2016. Solar leasing and PPAs, which in 2014 represented 72% of all solar installations, has been declining and is now expected to represent about 45% of all systems installed in 2017.

 

GTM had previously predicted that direct ownership of rooftop solar systems wouldn't surpass third-party options until sometime after 2021.

SOurce:ComputerWorld