07 Sep '11, 12pm

Home Solar Lease: Pro and Con

Photo: SolarCity related articles By Jim Motavalli In 2008, a company called SolarCity announced that instead of just selling homeowners photovoltaic panels, it would offer them with no-money-down lease options. That turned out to be the best thing that ever happened to the solar business, and several other companies (including SunRun and Sungevity , which works with Lowe's) have followed its lead. You can now lease a home solar array just about everywhere, including through Home Depot with SolarCity, but the question remains—should you? Peter Rive, the chief operating officer of SolarCity, says it’s a good deal. “Customers get the benefits of solar panels without a big cash outlay, and they can do it with zero down. We want people to think of it as a pay-for-use benefit, which is just what your utility company does now. When they do an equipment upgrade, they don’t ask yo...

Full article: http://www.thedailygreen.com/green-homes/latest/home-sola...

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