SOLAR LEASE SERVICE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Solar Lease Service Market, By Solar Panel Type (Monocrystalline, Polycrystalline, Thin Film, Others), By End User Industry (Residential, Commercial, Industrial, Utilities, Government & Non-profit) By Ownership Model (Third Party Ownership, Host Owned, Community Solar, Solar Leasing, Solar Power Purchase Agreement (PPA), Others), By Mounting Type (Ground Mounted, Rooftop, Floating PV, Building Integrated PV (BIPV), Others), By Connection Type (On-Grid, Off-Grid, Hybrid), By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Recent Developments

New product launches

In November 2023, Sunrun, a prominent provider of subscription-based clean energy solutions, introduced an additional storage feature for its California-based solar customers.
In January 2022, Vivint Solar an American provider of photovoltaic solar energy generation systems launched a loan product for homeowners, providing an alternative financing option alongside leases and power purchase agreements. The loan offers flexible payment terms and system ownership.
In April 2020, Tesla is an American multinational automotive and clean energy company acquired residential solar provider SolarCity to integrate solar panel manufacturing and leasing services. This allowed Tesla to offer end-to-end clean energy products.

Acquisition and partnerships

In August 2021, Sunrun acquired solar leasing provider Vivint Solar in an all-stock transaction, consolidating two major U.S. residential solar companies.
In July 2020, SunPower entered a multi-year supply agreement with Maxeon Solar Technologies to source high-efficiency solar panels. This secures panel supply for SunPower's solar lease services.
In February 2020, Tesla partnered with electricity provider Constellation to offer solar and Powerwall battery leasing to utility customers in six U.S. states. This expands Tesla's solar reach into new markets.