SolarCity Still Dominating In Solar Installations, New Data Shows

• According to Green Tech Media, SolarCity Corp SCTY’s share of residential solar installers in the first half of 2015 was 34 percent.


• SolarCity’s share is nearly triple the size of the second largest player, Vivint Solar Inc VSLR whose market share was 12 percent.


• SolarCity has maintained a dominant market lead since 2012.

Green Tech Media, a popular news publication that covers all things “green,” released a chart showing the top US residential solar installers in the first half of 2015. On March 10, 2015, Green Tech Media reported that SolarCity held a similar 34 percent market share for the full year 2014 while Vivint Solar’s share stood at 13 percent. Going back even further, Green Tech Media reported in early January 2014 that SolarCity installed “nearly a third” of all US residential PV during the third quarter of 2013. In fact, the company installed almost four times as many residential PVs than its closest competitor, Vivint Solar.

SolarCity’s market share stood at a commanding 34 percent, followed by Vivint Solar’s 12 percent market share. Sunrun Inc RUN’s market share was two percent, followed by NRG Home Solar and Sungevity who both held a two percent market share. The remaining 47 percent market share was held by all other companies in the sector, combined.

<i>Source: Green Tech Media</i>

For the second consecutive year, SolarCity and Vivint Solar took the top two spots by an ever-growing margin,” Green Tech Media noted at the time. “These two firms alone installed more than half of all residential solar deployed in the second half of the year. The main attribute these installers share is the fact that they’re vertically integrated (in other words, they both finance and install all systems).

<i>Source: Green Tech Media</i>

<i>Source: Green Tech Media</i>