Greener Living
Ailing Rooftop Solar Expects Boost From Lower Interest Rates
Lower financing costs will make panel systems more competitive against utility bills.
Workers install solar panels on the roof of a home in Poway, California, Dec. 5, 2023.
Photographer: Sandy Huffaker/BloombergThis article is for subscribers only.
A long-awaited cut in interest rates has buoyed the outlook of the US residential solar market, which expects it to spur a wave of rooftop power installations. It’s already boosting share prices.
The Federal Reserve on Wednesday lowered its benchmark rate by 50 basis points, a move that will make it less costly for consumers to finance residential solar projects that average about $30,000 each.