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US Solar Loan Providers Focus on Installer Networks
May 13, 2019
In 2018, solar loans in the US become one of the leading consumer finance products, reveal new data. These loans now have a 45% share of the residential market and third-party ownership has dropped to the lowest point since 2011 with a market share of 33%.
As the US Federal Government reduced its Investment Tax Credit, it will give the third-party ownership providers an advantage in the early 2020s. It will increase competition and also result in the simplification of loan structures. The smaller solar installers are turning to loan providers to get consumer finance and this has given impetus to the solar loan consumer finance. Solar loan providers are also shifting their focus to storage and home improvement.
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