Solar for rent

by Antonio Pasolini on April 25, 2008

A solar panel installers has come up with an idea to allow customers to embrace solar before it gets to the price level when everyone will be able to afford it: to lease photovoltaic solar panels for their roofs. Currently, buying panels may set you back $20,000, which not everyone can afford.

California-based SolarCity, based in Foster City, thought up a lease scheme to relieve the solar power financial pain. Under the company’s lease program, customers with a small home could pay as little as $70 a month for a 2.4 kilowatt system. And customers who sign up before July 31st pay nothing until then. After that, upfront costs should be between about $1,000 and $3,000.

Currently the program is only available in California but it will soon be expanded to Oregon, Arizona and the East Coast.

Via Reuters.

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