Vivint Solar’s cost per installed Watt of capacity was $3.12 in the third quarter – flat on the same period last year, and an increase on the $3.00/W it reported in the second quarter of 2015.
By comparison, larger rival SolarCity continues to hammer down its cost per Watt, reaching a record low $2.84/W in the third quarter.
Slashing installation costs is critical for companies like SolarCity, Vivint and Sunrun, as they prepare for a planned drop in the solar Investment Tax Credit from 30% to 10% at the end of 2016, and steel themselves for further challenges to the state net-metering policies which form the bedrock of their current value proposition to customers.
Vivint’s
