Why Sales of Solar Panels Could Soon Start Booming

/Why Sales of Solar Panels Could Soon Start Booming

Why Sales of Solar Panels Could Soon Start Booming

More customers are opting for loans over leases.

The way people are getting solar panels installed in their homes is going through a rapid change.

The Wall Street Journal reported that companies such as SolarCity SCTY -2.96% are taking a hit as customers are turning from leasing their solar panels to purchasing them in one lump sum.

SolarCity, along with similar solar companies, supplied 56% of home solar panels last year. This year, they may do just 50% in 2016, the newspaper reported, citing figures from GTM Research.

The Journal reported that solar panel leases, which were 72% of sales in 2014, are now expected to drop to only 48% by 2017 as more consumers buy them instead.

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By |2017-06-07T11:07:39+00:00June 3rd, 2016|General|Comments Off on Why Sales of Solar Panels Could Soon Start Booming