Concerns over the financial viability of SolarCity's business model have become more vocal in recent months, but today's third quarter results could well muffle the murmurs of discontent, at least for a short while. The U.S. rooftop solar installer was always a strong advocate for its no-money-down financing scheme, but has listened to its customers' needs and demands in introducing its new solar loan and cash sales schemes - enabling homeowners to not just lease but also own their rooftop solar systems and thus be eligible for the 30% Federal Investment Tax Credit (ITC). This evolution of the SolarCity business model appears to be paying dividends, with third quarter (Q3) financials revealing positivity across the board. SolarCity's revenue for Q3 reached $201 million, which represents a 76% increase year-on-year, and the 187 MW of new solar PV installed surpassed the firm's 170 MW guidance. The firm's installation breakdown gave a clear indication of its diversification: 147 MW of Q3's installations were in residential, with the remaining 40 MW in the growing C&I space. Among SolarCity's residential customers, 10% of the MW installed came via its new loan and cash ...Den vollständigen Artikel lesen ...