Introduction
SolarCity, the largest residential solar market installer in the United States. For they cornered up 34 percent of the residential solar market share in 2014. The company installed 217.6 megawatts (MW) of solar capacity last year. All which is more than twice the amount installed by its closest competitor. The solar industry has seen significant growth in recent years. That’s with installations increasing by 34 percent in 2014 alone. This growth is due in part to the declining cost of solar panels and the increasing availability of financing options.
SolarCity Success in Solar Market
SolarCity’s success in the residential solar market can be attributed to its innovative business model, which allows homeowners to lease solar panels for little or no money down. This approach has made solar energy more accessible and affordable for homeowners, many of whom would not have been able to afford the upfront costs of purchasing a solar system outright.
In addition to making solar energy more accessible, SolarCity is also committed to reducing its environmental impact. The company has implemented a number of sustainability initiatives. For example, a partnership with Clean the World to recycle used soap and hygiene products from hotels. The recycled products are then distributed to homeless shelters and disaster relief organizations. This partnership has helped to divert over 2 million pounds of waste. That’s from landfills to provide hygiene products. Especially to those in need.
Conclusion
For example, Martin Resorts, a hotel chain based in California, has partnered with Clean the World. All to recycle soap and hygiene products from its hotels. The company has also implemented water conservation measures. For that’s such as low-flow toilets and showerheads. In addition, it has installed energy-efficient lighting and HVAC systems.
In conclusion, the success of SolarCity in the residential solar market is a testament to the growing demand for renewable energy and sustainable practices. The company’s innovative business model has also made solar energy more accessible and affordable for homeowners. All the while its commitment to sustainability has helped to reduce waste and provide hygiene products to those in need. The construction industry is also taking steps to become more sustainable and reduce its impact on the environment, which is a positive sign for the future of our planet.
Source: GreenTech Media, PV Leaderboard, Q1 2015
These findings come from GTM Research’s U.S. PV Leaderboard, a subscription product which tracks quarterly market share for installers, inverter suppliers, and module manufacturers in both residential and commercial markets.
