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Solar Lease

A lease on solar panels for household use.

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Super-affordable solar just in time for Earth Day

  • Apr 19, 2010
Rating:
+5
I never would have thought installing solar panels would save me money because I assumed the up-front installation cost would be exhorbitant. But then I found out you can lease panels--the company installed my system for free and I'm paying it off each month--paying less than I used to for electricity. The more electricity you use, the more you save by going solar. I'm using a company in CA called Sungevity that offers a "solar lease" but, if you're not in CA, google "solar power purchase agreement" or check this map to see if you're in a PACE District (Property Assessed Clean Energy).

Since I'm posting on the Green Living board, I won't bother going into the environmental benefits of solar (duh-right?).  But here's one little factoid that you can pass along to your friends by way of encouragement to follow your lead.  According to the EPA, the average US household emits 8.24 metric tons of carbon dioxide a year due to electricity  usage.  That's a lot.  If you drive 10,000 miles a year, you emit between 5 and 8 metric tons.  So your household's electricity consumption is really the biggest problem to get a handle on, and solar does the job..  This Earth Day, get some green karma going by requesting an iquote from Sungevity or an installer near you and to get 5 of your friends to do the same.  (There may even be some of the other kind of green in it for you as many installers will pay you a $500 referral fee for any customer you bring in)! 

 

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September 04, 2010
My family already has a passive solar, super-insulated house and an active solar water heater, but we didn't add more solar panels to our all-electric house due to the cost. "Solar leasing" sounds like something to look into. Thanks for sharing.
 
May 21, 2010
This is good to know. Thanks for the recommendation! Interesting facts too.
 
April 22, 2010
Thank you so much for sharing, Erica! I'll have to send this to all my friends. Happy Earth Day! :)
 
April 19, 2010
I'm very interested in leasing solar panels, alas Kentucky isn't in a PACE District. Maybe soon. Good for you in looking into it and going forward with leasing solar panels. Great review.
 
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More Solar Leases reviews
review by . April 16, 2010
   Did you know that you can lease solar panels for your home?  The company installs the panels for free and then you pay monthly the same or less than what you used to pay for electricity.  I'm leasing panels from Sungevity or my home and a rental property I own in CA.  If you're in CA, I definitely recommend Sungevity.  If you're not in CA, google "solar power purchase agreement" or "PACE solar" to find pay-as-you-go programs in your area.  …
About the reviewer
Erica Etelson ()
Member Since: Apr 16, 2010
Last Login: Feb 17, 2011 10:25 PM UTC
Recent reviews by EricaDavid
About this topic

Wiki

A solar lease is a way of financing a solar installation based on the potential for future energy production. It’s as simple as leasing a car, but the lease is paid for by the photovoltaics themselves and the resulting total monthly savings.
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