Last week in financing for solar news, we covered new partnerships, Tesla's solar energy downturn, Direct solar contracts, and Sunnova's IPO.
In early August, Sunrun announced that they hit their targets in the second quarter of 2019. Sunrun has installed 103 megawatts of solar power, which is an increase from 86 megawatts of solar energy installed in Q1, and it's up 13 percent from Q2 2018.
Suntrust bank and mosaic have partnered to announce a new strategic loan for solar origination. The loan for solar panels is expected to increase the growth of solar-powered systems installation throughout the United States.
Vivint reported Q2 losses in line with rising customer acquisition costs in the residential solar panel installation industry. As Tesla slashes sales channels to cut customer-acquisition costs, Vivint solar, along with Sunrun, is doubling down to create new sales channels, hoping to offset costs with return-of-investments.
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