SolarCity & Vivint Solar Dominating US Home Solar Power
CleanTechnica Note: Who knows what the future holds? But the present is very clear: the two top solar companies in the US home solar market, SolarCity and Vivint Solar, are dominating the market. At a tiny percentage of current electricity supply, massive home solar growth projected, lower and lower solar costs that make ownership and straight purchases more competitive, and potentially big policy changes coming shortly, things could change. However, early domination in a booming new market can be very, very hard to catch. Here are more thoughts and more details on SolarCity and Vivint Solar’s home solar power domination, via Planetsave:
Top Home Solar Companies In Quarter 2, By Far, Were SolarCity & Vivint Solar
Both SolarCity and Vivint Solar offer financing as well as installation, and both are now on the stock market (Vivint Solar just had its IPO).
With the home solar market growing fast, these top home solar companies are growing extremely fast.
I think it’s only a matter of time before Vivint Solar expands into loans as well. The writing is on the wall that this is an increasingly important segment of the market.
I would think that the home solar power market would lend itself well to mom & pop companies and a distributed industry, but that’s simply not the way things work in this day and age, and it seems the market is moving more and more toward consolidation. If that’s the case, it is going to be hard for anyone to catch up with SolarCity and Vivint Solar. Sungevity and Sunrun have potential, and Sungevity has actually expanded into Australia and Europe (before the others). But there’s now a big gap between them and the top two home solar companies.
Images by SolarCity & Vivint Solar
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