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SolarCity Leasing Program

post #1 of 2
Thread Starter 

Great post on CleanTechnica about SolarCity's new leasing program for solar installations in CA. The pertinent information about pricing is here:

 

"A typical home with a $225 electric bill can have a 4 kilowatt solar system installed. At current electric rates, the system will lower the electric bill by an estimated $150 a month. As the cost of electricity increases, so do the savings. The initial cost of the system is $2,000, with a monthly payment of $125. The monthly payment will increase by 3.5% annually, but I would bet that electricity costs will go up more than that. Maintenance and repairs are free of charge to the homeowner."

 

Read the rest over at Cleantechnica.

 

Definitely seems like it could improve adoption...exciting stuff.

post #2 of 2

I love that article! I wish they did that in my area. My cousin really wants to install solar panels, but they can't afford the upfront investment.

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