Vivint Solar said that ‘retained value’ increased by approximately US$1100KW Flat Roof PV solar power System 13 million during the quarter to approximately US$793 million, up 99% year on year. 'Estimated retained value' per-watt was US$1.98.

The company reported a higher cost per watt of US$3.12 compared to US$3.00 100KW Flat Roof PV solar power System in the second quarter of 2015 and flat compared to the third quarter of 2014.

Total revenue for the quarter was US$22.5 million, compared to US$16.1 in t100KW Flat Roof PV solar power System he prior quarter and up 170% from US$8.3 million in the third quarter of the prior year. Net loss for the quarter was US$50.3 million.

Operating leases and incentives revenue was US$21.8 million, up 205% from US$7.1 million in the third quarter of the prior year.

US installer Sunrun is to trial a new automated solar permitting system as pa100KW Flat Roof PV solar power System rt of a range of cost-cutting projects funded by the Department of Energy.

The department yesterday announced US$22.7 million to help bring to market new technologies aimed at reducing the costs of solar in the country.

The funding brings together various elements of the DOE’s Sunshot programme, which is seeking to make solar fully cost-competitive by 2020. The initiative is targetting an installed cost 100KW Flat Roof PV solar power System of US0.06/kWh by 2020.

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