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>>>