PG&E and SolarCity announced a partnership to provide solar system leases to homeowners. PG&E will pony up $60 million which will help SolarCity provide about 1,000 rooftop solar systems. In these type of installations SolarCity retains ownership of the system and the homeowner agrees to purchase the power produced from them. This is done through a PPA or Power Purchase Agreement which provides a set cost for the power over the life of the systems (usually increasing a little each year). The customer doesn't need to worry about upfront payments, maintenance of the systems or rising energy costs down the road, they just get a bill every month..and they know they are truly buying green power!
We definitely need more programs like this.
http://solarcity.com/pressreleases/52/PG-E-Corporation-and-SolarCity-Announce-$60-Million-in-Financing-to-Install-Solar-Power-for-Businesses-and-Homeowners.aspx
No comments:
Post a Comment