Featured in Changing face of PV – 12-2014

Loan or lease?

Solar finance: Third party-owned solar has been the dominant business model in the U.S. residential PV market for the last two years. However, there are signs that its popularity may be at its peak, as the introduction of new loan products threatens to revive the dominance of direct ownership.

By

Christian Roselund

03 Dec 2014

In October, SolarCity introduced MyPower, a new solar financing product for PV systems that offers a zero-down payment option and reimbursements based on system output. While this sounds like the company’s standard power purchase agreement offering, the difference is that MyPower is a loan, and customers own the system.This is a radical change in approach …

This article is part of pv+

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