Climate Changed
Tesla's the `Biggest' Reason Why Rooftop-Solar Leasing Is Fading
- More consumers paying cash or borrowing for rooftop power: GTM
- Tesla pivoting from solar leasing to sales and loans
Solar and Wind Power Dominate Electricity's Future
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One Elon Musk company popularized the solar lease. Another Musk company is the main reason why it’s fading.
U.S. residential solar surged this decade on the back of leasing deals that helped consumers get rooftop power systems with no money down. The financing arrangement accounted for the majority of the market after 2011 until being surpassed by cash sales and loans last year, according to a report Tuesday by GTM Research.