Following the expiration of the 25D tax credit, residential solar & storage developers and financiers are evaluating underwriting models that focus on Virtual Power Plants (VPPs) and Demand Response as a secondary value stack. This briefing analyzes the regulatory structures where state-level VPP policies are scaling, provides a deep dive into the risk allocation of VPP-linked leases and loans, and presents data on how homeowners are buying into these "grid-participatory" assets. Join us to learn how grid service revenue is filling the 30% gap left by the 25D sunset.