us residential solar

US residential solar lender Dividend Finance is to be acquired by Ohio-based banking company Fifth Third.

PosiGen, a US provider of residential solar and efficiency solutions for low- to moderate-income (LMI) households, has secured US$100 million in preferred equity financing.

SunPower was boosted by rising homeowner demand for its PV and storage solutions during Q2 as the US solar installer added 13,000 new customers, bringing its total residential install base to more than 376,000.

The New Jersey Board of Public Utilities (NJBPU) has unveiled formal plans to replace its existing solar support framework with a new incentive programme which will support up to 3.75GW of new solar over the next five years.

US solar installer SunPower expects deployment to surge in the coming quarters as tailwinds and refreshed business strategy combine, despite installs within its core residential and light commercial (RLC) segment dropping in Q1 2021.

Power product supplier Generac’s sales bounced back in the first three months of 2021, increasing 70% compared with the same period last year.

Sunnova has reported a surge in Q1 2021 revenue as the US residential solar installer lauded its software and services capabilities.

Enphase Energy beat its revenue guidance in Q1 2021 as the microinverter supplier got off to a strong start to 2021, however an ongoing semiconductor shortage has weighed heavy on guidance for the rest of the year.

Tesla’s residential solar growth has continued into Q1 2021, but CEO Elon Musk has confessed to encountering major issues in roof assessments which have stymied installs of its Solar Roof product.

Tesla will only sell residential rooftop solar alongside its Powerball battery as a single, integrated product, Elon Musk has said.