26 Feb '15, 3pm

Leasing Option Now Available for Solar Plus Flow Battery Energy Storage Systems

Leasing Option Now Available for Solar Plus Flow Battery Energy Storage Systems

The five- to seven-year lease will be available for 50- to 1,000-kW commercial solar projects that require 80- to 100-kWh of storage — typically up to $5 million installations, according to Ron Van Dell, CEO of ViZn. Customers will be able to purchase the system after the lease is up, similar to a car lease. The systems currently cost up to $540 per kWh for larger installations, according to Van Dell. The average monthly cost of the lease depends on the size of the system — for example, a 250-kWh ViZn system with solar generation would likely cost just under $10,120/month. Projects where a power purchase agreement (PPA) is not worth the overhead are in the “sweet spot” for this deal where the simplicity of a lease works well, said Van Dell. “Leasing make sense for solar, and storage allows for better returns, so why wouldn’t you extend financing to solar plus storage? This...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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