06 Apr '12, 5pm

Solar Leasing Taking Off As Preferred Model

I installed a 5KW system less than 3 years ago that I purchased outright for $5/Watt (meeting 85% of electric needs), before VA state $2 rebate and 30% federal rebates, which reduced the installed cost from $25K to $8K. I also was able to get registered for Solar Renewable Energy Credits and have been able to sell about 6.5 per year for the last 2 years at $250/MWH generated. Earlier this year, I locked in another 3 years of SCREC sales for $4500. I also installed a solar thermal hot water system and sold 10 years of SRECs upfront, meaning I actually got paid $500 more than total installed price and now save at least $20/month with this solar hybrid system. I also did super insulation on my home. Last month, my electric bill was $8. Since that time, solar modules have fallen to $.80/Watt, with turnkey systems able to be bought online for $2.25/Watt. I bought this micro-inv...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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