Third-Party Solar Generate Over $900 Million for CA in 2012
Clean Edge News
Third party-owned solar in California generated U.S. $938 million in 2012, according to PV Solar Report and residential solar firm Sunrun.
The companies claim that this record figure for 2012 — which went directly into local businesses and communities — means that Californian third party-owned solar generated approximately the same amount in 12 months as in the previous five years in total. It also represents 74% of the state’s residential solar market.
“Nearly 75% of homeowners who went solar in 2012 chose third-party-owned, compared to 56% in 2011,” said Stephen Torres, Founder and Managing Director of PV Solar Report.
“We are seeing the most growth in low and median-income zip codes as companies like Sunrun continue to remove the barriers to access.”
Under the terms of third-party-owned solar, residential PV systems are provided by companies such as Sunrun which own, maintain and insure the system on a homeowner’s roof. It enables homeowners to switch to solar without the high upfront cost and avoiding the responsibilities of ownership.
California’s top solar city in 2012 based on PV system contracts sold was San Diego, followed by San Jose, Bakersfield, Los Angeles, Fresno, San Francisco, Corona, Murrieta, Clovis and Temecula.