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Released: June 14, 2011
More U.S. homes lease solar panels
Source: Wendy Koch, USA Today
Amid a booming U.S. solar market, more homeowners are able to lease rooftop panels — some with no upfront costs — and pay only for the power produced. A large provider, SolarCity, of San Mateo, Calif., announces today a new lease option in which customers can "pick their price" in going solar: paying either nothing upfront with higher monthly fees or more initially and less monthly. To finance installations in 7,000 to 9,000 homes, Google is creating a $280 million fund. "You have full flexibility in what you want to pay on a monthly basis," says SolarCity CEO Lyndon Rive, noting homeowners are charged only for the electricity the company's solar panels generate at or below market rates. If the panels produce more than what the home uses, the consumer gets a credit. "It's actually a win-win," Rive saysRead Full Article: More U.S. homes lease solar panels
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