30 Mar '15, 11am

Georgia to allow third-party leasing for solar homes and businesses

Much of the residential solar industry elsewhere in the US is built on third party leasing models. Image: SolarCity. The US state of Georgia has approved a bill which supporters hope will greatly improve the economic competitiveness of solar, freeing up the leasing of solar PV system equipment from third parties. Third-party ownership of residential rooftop solar systems is a fairly common business model for installers to adopt, with SolarCity and other major providers servicing the bulk of their customer base through such programmes. However, a handful of states including Georgia and North Carolina still prohibit this arrangement. Previously, leasing companies would only have been able to enter the market in these states by directly offering loans to customers for the upfront cost, as SolarCity began doing in some markets at the beginning of the year. House Bill 57, to li...

Full article: http://www.pv-tech.org/news/georgia_to_allow_third_party_...

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