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Solar Panel Leasing Decreases as More Customers Look to Buy

Falling equipment prices and more availability of loans are making purchasing increasingly cost effective

Companies such as SolarCity Corp. and Sunrun Inc. that rapidly expanded by leasing solar panels to U.S. homeowners now face stiff competition from smaller upstarts that sell the units to customers instead.

SolarCity, Sunrun and Vivint Solar Inc. together supplied 56% of the home-solar market in the U.S. last year, primarily with...

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