Wednesday, October 22, 2008

Rent A Solar Panel For Your Home

What a great idea.

From CNN Money Solar power your home, for cheap

A Silicon Valley startup rents solar panels to homeowners - a strategy that is both cost-effective for customers and, thanks to generous tax breaks, a boon to its bottom line.

"The biggest barrier for solar is the upfront cost," said Lyndon Rive, CEO of Foster City, Calif.-based SolarCity.

Rive's company may have hit on a solution. Instead of selling solar panels to homeowners, SolarCity's main business is leasing the panels. The consumer pays SolarCity a monthly lease payment - about $75 for a 2.8 kilowatt system - which, when combined with his newly-lowered electric bill, typically adds up to a savings of 10% to 15%.

SolarCity does all the installation work, and there's little risk for the consumer since SolarCity guarantees a minimum level of power production.


Home solar panels said...

In my opinion it’s better to have your own solar panels rather than renting one. Thanks for the post.

zhomeenergy said...

The concept of alternative energy for the home has grown exponentially in popularity in recent years.

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Thesolar said...

Thank you for sharing the information with us. The solar power is considered as the new energy for us and it is green power for the environment. We should encourage more people using it in the life.Earth4Energy build solar power.