Current economic, government and market conditions in combination with a solar leasing model are priming the industry to takeoff.
Israeli solar is far behind its western counterparts but current market conditions signal rapid expansion of the industry. Israeli geography, regulatory forces, economic conditions, and energy security have allowed the Middle Eastern country’s solar market to begin to boom.
The biggest driver to look out for is the solar leasing model. Solar leasing accounted for 75% of installations in the California in 2012 led to 19x growth in residential solar installations over the next 5 years in California (SEIA). Reducing the Israeli barrier to entry via solar leasing may parallel the overall growth in the Californian market between 2012-2017.