New Solar Incentive Program Eliminates Up-front Costs

If you’ve looked at installing solar in the past, you probably found that there was a large up-front cost that had to be paid back over many years from the electricity savings.  A California company just introduced a new leasing program that removes the hurdle of those upfront costs.  You’ll probably want to read the whole Oregonian Article here, but here’s a quick excerpt… “In an example provided by SolarCity, Susie Homeowner signs a 15-year contract, paying $25 a month to the company.   SolarCity installs, guarantees and insures the 3.2 kilowatt system, which includes about 16 solar panels. Susie’s $70 monthly electricity bill drops by $30. The remaining $40 bill results in a $5 monthly savings after her lease payment. She also pockets a portion of the tax credits issued by the state.”