A solar panel installers has come up with an idea to allow customers to embrace solar before it gets to the price level when everyone will be able to afford it: to lease photovoltaic solar panels for their roofs. Currently, buying panels may set you back $20,000, which not everyone can afford.
California-based SolarCity, based in Foster City, thought up a lease scheme to relieve the solar power financial pain. Under the company’s lease program, customers with a small home could pay as little as $70 a month for a 2.4 kilowatt system. And customers who sign up before July 31st pay nothing until then. After that, upfront costs should be between about $1,000 and $3,000.
Currently the program is only available in California but it will soon be expanded to Oregon, Arizona and the East Coast.
I wish they had something like this in BC, Canada. There are a lot of people who want solar but can’t afford the initial investment.