29 Jun '11, 1pm

With Low-Cost Solar Panels, Suntech Set to Launch US Residential Solar Lease

With Low-Cost Solar Panels, Suntech Set to Launch US Residential Solar Lease

The world of solar leasing just got a whole lot more interesting. Last week, Google announced a plan to invest $280 million in SolarCity, a California-based company that offers solar leases in ten states across the U.S. Hours after, news broke that Suntech Power Holdings Co. Ltd — a large China-based manufacturer of solar panels — was working on plans to offer a solar home energy lease option of its own. Both developments are likely to increase the availability of solar leases to qualifying homeowners in select states. Speaking at the Reuters Global Energy and Climate Summit in San Francisco last Wednesday, Suntech America President Steven Chan said the company plans to launch four or five financing programs in the U.S. market in the coming six to nine months. Beyond solar home leases, plans are also in the works for a power purchase agreement (PPA) option for commercial p...

Full article: http://www.getsolar.com/blog/with-low-cost-solar-panels-s...

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