By Eric Wesoff | GreenTech Media
SolarCity (SCTY), the newly public, fast-growing installer and financier of distributed energy, is having a breakout 2013. The company just raised its 2013 guidance to 270 megawatts deployed, up from its mid-May guidance of 250 megawatts.
This makes sense given the recent ascendance of the residential solar market in the U.S., spurred on by third-party ownership structures and the plummeting cost of solar modules.
SolarCity was the number-one-ranked residential solar installer in 2012 in California, Arizona, Massachusetts and Maryland in 2012.
As GTM VP of Research Shayle Kann notes in a recent article, “In the first quarter of this year, there were 71.3 megawatts of residential solar installed in California’s three investor-owned utility territories, according to our just-released U.S. Solar Market Insight report. Of that total, 13.2 megawatts (18.5 percent) were installed without the support of rebates from the California Solar Initiative (CSI) or any other state-level program.
