Direct ownership of solar power panels will overtake third-party ownership next year as more consumers are choosing to buy, rather than lease, their panels.

According to GTM Research’s latest report, U.S. Residential Solar Financing 2016-2021, 55% of all U.S. residential solar capacity installed in 2017 will be purchased by customers paying either in cash, or through a solar loan financing arrangement; that number is expected to grow to 73% of all solar systems installed in 2021.

Solar power ownership leases PPAs GTM Research

Residential TPO Penetration and Installations by Ownership Type from 2001 through 2021

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Source: COMPUTER WORLD