Latest News

• Google Stepping Into Wind Power
• Floating Turbines Appear To Be More Economical
• Economical Biodiesel From Sewage Sludge
• China: World Leader In Clean Energy
• SOLON To Build Solar Plant for Arizona Public Service
• Suntech Opens New Manufacturing Plant In U.S.
• Is Cost Effecient Algae Biodiesel Still Years Away?
• It’s Solar Energy Month in California
• U.S. Government Approving More CSP Power Towers
• Solar Energy Leases on Both U.S. Coasts

Case Studies

• The Toyota Prius

Tags

Archives

• October 2010
• September 2010
• August 2010
• July 2010
• June 2010
• May 2010
• April 2010
• March 2010
• February 2010
• January 2010
• December 2009
• November 2009
• October 2009
• September 2009
• August 2009
• July 2009
• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• July 2008
• June 2008

Search

Solar Energy Leases on Both U.S. Coasts

United Solar and SolarWorld just announced new programs that are geared toward helping to offset the initial capital costs for installing solar energy. In New Jersey and California, the two companies are testing new solar energy lease programs. Both companies realize that the main stumbling block to adopting solar energy is the up front costs associated with installing facilities.

SolarWorld Americas, in California has created a new program called SolarWorld Financial Solutions that will help potential customers have access to solar energy without any upfront money. The company’s authorized dealers and customers located in select Western states will be able to lease Sunkits solar systems. And, they will also have the choice of deferring payments until incentives at both the state and federal levels can be realized.

Non-profit organizations and commercial customers will have the choice of several leases as well as a power purchase agreement. Banks that will be providing the capital have not been disclosed, but SolarWorld announced that it is hoping to inform the public of at least one of the financial partners that will be involved in the program in the near future.

United Solar, a Michigan based company announced a pilot program for the east coast. The new program will provide 30 residents of New Jersey the access to low monthly rates. Under the program, NJR Home Services will be installing Uni-Solar’s integrated PV modules at around 30 residential homes. NJR will be covering the upfront costs of installation and maintenance and will then lease the panels to individual homeowners for $8.66 per KW>

The average system size for the pilot program will be 3 KW and have a fixed lease payment of $26 a month over 20 years. The new pilot program is the first opportunity that customers will have to install Uni-Solar’s BIPV product, the PowerShingle ro the EnerGen from CertainTeed Corporation. Both products are installed right on the rooftop. However, in some cases it will replace the traditional roof shingles with PV.