According to new data, solar power loans have become the main consumer financing product in 2018.
Solar loans now account for 45% of the housing market, while third-party property has fallen to the lowest level since 2011, with 33% of the market.
A new financial report from Wood Mackenzie Power & Renewables revealed that Mosaic maintained its position as a provider of solar energy last year, representing a quarter of the credit market. The report notes that the Federal Tax waiver of Investment Loans will provide the highest TPO providers in early 2020 and may encourage greater competition in the solar energy lending market due to simplified loan structures. assets.
Last year's deadlock in the TPO market was largely due to Tesla's changing customer acquisition tactics, which caused a decline in the total factory volume in 2018, as shown in the market analysis report. 2018 Solar
A small increase in solar energy benefited loan providers in 2018, when local installers adopted loan providers to finance their consumption activities. Other consumer financial sources are generally not available to advertisers.
The strong growth of residential solar energy in Texas and Florida last year also played a role in the relative increase in solar loans, because third party ownership is currently limited in these countries.
The growing solar credit sector is characterized by very thin margins. Lenders feel obliged to gradually increase prices last year, and some of them eliminate low-interest products or increase dealer levels. Some solar energy loan providers also apply to vertical businesses such as home storage and repairs where margins may be higher.
Perhaps more interesting than last year's market evolution is what is in the future for solar loans when the ITC approach approaches.
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