Residential Solar Purchases Will Overtake Leasing in 2017
The U.S. Residential Solar Financing 2016-2021 report is now available.
As more U.S. residential solar customers choose to purchase, rather than lease solar panels, direct ownership is on its way to overtake third-party ownership and reclaim its position as the leading solar financing model for the first time since 2011.
After four straight years of growth topping 50 percent, the U.S. residential solar market is facing new challenges and will see a tapered growth rate of 16 percent in 2016. Not slowing, however, are solar loans and cash sales. In 2017, direct ownership will overtake third-party ownership as more customers choose to purchase, rather than lease, their panels. Regardless of financing type, there are still bumps in the road ahead that are already leading to changes in business models and the competitive landscape of residential solar providers.
Residential TPO Penetration and Installations by Ownership Type
Source: GTM Research
This finding comes from GTM Research's new report that explores the state of the U.S. residential solar market, including consumer finance trends, third-party and loan financing, the competitive landscape, and detailed market sizing and forecasts through 2021. Download the brochure here to learn more and see which companies are covered in the report.