residential

Residential PV services provider OneRoof Energy, a subsidiary of OneRoof Energy Group, has signed a US$50 million construction loan facility with Black Coral Capital, a current investor in the company. In addition, Black Coral has funded US$9.05 million of working capital in secured non-convertible notes to support solar 2.0 national growth strategy.

The largest Property Assessed Clean Energy (PACE) bond securitisation has been completed. The securitisation, HERO 2016-2, includes US$305,313,000 in Class A Notes, secured by 13,432 PACE assessments levied on residential properties in 31 counties across the state of California.

French utility EDF is replacing its existing residential solar offering with a self-consumption model.

Arizona Public Service (APS) has requested the Arizona Corporation Commission for the first rate review in five years, with proposals that include an unprecedented mandatory demand charge and the elimination of net-metering.

SolarCity, the largest residential solar PV installer in the US reported higher than expected installations in the first quarter of 2016, yet weaker bookings in the residential sector led to lowering full-year installation guidance.

The solar energy industry is fighting back against taxes being imposed by lines companies on customers installing solar PV panels on their homes, by taking a case to the Electricity Authority.

The deployment of solar in the United States has reached new heights with one million installations nationwide, making the country’s clean energy revolution a viable reality.

Solar Mosaic, a former crowdfunding start-up that has emerged as a major provider of residential solar financing solutions, said on Wednesday that it had secured US$200 million in funding that will support at least 5,000 rooftop PV installations.

SunPower has teamed up with AT&T, one of the US’ biggest multinational telecommunications corporations, to bring Internet of Things (IoT) technology to the residential market via the ‘Equinox’ solar PV system.

New York City utility Con Edison and solar company SunPower have announced a collaboration that will see SunPower offer its solar energy systems to homeowners.