- Published: August 31, 2015
- Written by Amanda H. Miller
For the first time ever, residential rooftop solar installations outpaced non-residential solar in the US in 2014. That’s thanks, in large part, to more and more creative financing options for homeowners who want to generate their own electricity, according to a report from GTM Research.
The solar industry surged in 2012 and 2013 thanks to the new third-party ownership model that allowed homeowners to install solar with no or very little money out of pocket. Companies like SolarCity and Sunrun spurred that sector of industry growth. In 2014, that model is still dominating the solar scene with 72 percent of all new rooftop solar projects in stalled in 2014 being third-party owned.