29 Jul '12, 4am

Plunging PV prices good or bad for solar industry? Depends on where you sit in supply chain

San Francisco-based Clean Power Finance, founded in 2007, offers leases and sales software for installers to market and sell to consumers. It's teamed up with a Morgan Stanley subsidiary, MS Solar Solutions, and developer Main Street Power to create this new fund, which will initially finance installations in California and Arizona. Zions Energy Link, created by Zions Bancorporation in 2010 , is the first loan provider to the fund. Zion, which runs a group of banks including the Bank of Arizona, has worked with Arizona Public Service to fund installations by SolarCity . Solar leases have become a popular way for consumers to use solar electricity without having to pay the expensive upfront cost of installing solar panels and other equipment. Homeowners will still see solar panels installed on their rooftops, but they don’t own the equipment and pay instead a monthly fee fo...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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