Tuesday, October 22, 2013

U.S. Residential Solar Growth

Why The Money's Flowing Into US Residential Solar Models
Financing and loan partnerships, M&A activity, soaring installation outlooks -- which business model will reign supreme?

October 18, 2013 - News today, adding to headlines in the past few weeks, underscores the rising popularity of U.S. residential solar (and especially third-party ownership).

Vivint Solar announced this morning that it has nailed down a whopping $540 million in financing, led by two unidentified "major financial institutions." A chunk of that ($40 million) reportedly is in tax-equity financing, and the rest is generally committed toward residential solar financing. Note that Barely two months ago Vivint Solar landed another $200 million in two tax-equity funds. Blackstone bought the home-automation parent company Vivint last fall for $2 billion. read more>>>

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