• News
  • SAN DIEGO
  • Green

Report: Third-party-owned solar nears $1 billion in state economic impact

According to a report from San Francisco-based solar power provider Sunrun and PV Solar Report, a solar market data aggregator, third-party-owned solar delivered more than $938 million to the California economy in 2012, marking a single-year record. San Diego, the report also said, was the state’s top city for the year in total value of home solar contracts, third-party-owned or not.

Third-party-owned solar, also known in the industry as solar power service, refers to the relationship between a solar energy system’s owner and its user, and means that a provider, like Sunrun, owns, maintains and insures solar panels on a homeowner's roof. According to the Sunrun/PV Solar Report analysis, California third-party-owned solar generated about the same economic impact in 2012 as in the previous five years combined.

In a statement released with the results, Stephen Torres, founder and managing director of PV Solar Report, said the industry is seeing the most growth in low and median-income ZIP codes.

The total of $938 million represents 74 percent of California’s 2012 home solar market, the analysis noted. Sunrun co-CEO Lynn Jurich said third-party-owned solar has become the preferred model for homeowners because it eliminates upfront costs and removes the hassles of ownership.

That share of total installations for third-party-owned solar was virtually identical -- 75 percent -- in the report’s analysis of the state’s top 10 cities for the year in total value of home solar contracts.

San Diego ranked No. 1 on that list, followed in order by San Jose, Bakersfield, Los Angeles, Fresno, San Francisco, Corona, Murrieta, Clovis and Temecula.

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

User Response
0 UserComments

Leave Your Comment

Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, and may not appear on this commentary until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

SDDT Comment Policy: SDDT encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give SDDT the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. SDDT Privacy Statement.

Subscribe Today!