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Solar in USA: Sunrun is catching up to Tesla in the U.S. residential solar market

Solar in USA: Sunrun is catching up to Tesla in the U.S. residential solar market
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Following Tesla’s shift in its solar power business after the acquisition of SolarCity, which has been dominating the US residential solar market for years, SunRun has now come within, at least, 17% of Tesla’s residential solar construction volume in the 3rd quarter.

Tesla and SunRun are the two largest residential solar installation companies in the USA. Tesla booked 109MW of solar and SunRun 93MW in the 3rd quarter of 2017.

If trends were to continue, SunRun would catch Tesla in 2018 as the largest residential solar installer. Really though, SunRun could have already caught Tesla – however, we don’t expect these downward residential solar trends to continue on Tesla’s part.

While SunRun booked 93MW of solar power in Q3’17, their quarterly report didn’t specifically break out how much was sold versus leased. However, a prior analysis suggests this number might be about 80%, meaning 74MW of residential solar power was leased to the homeowners.

Vivint’s booked 53MW in the 3rd quarter, with a suggestion that 90% of their volume – 47.7MW – was from third-party leases.

Tesla’s 3rd quarter included 109MW of solar power booked with a specific reference to 46% of it being cash sales.

SOURCE: Electrek

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