Solar Leasing Comes to New York

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SunRun, “the nation’s leading home solar provider” and solar leasing pioneer, announced yesterday that it has expanded into New York. We’ve covered solar leasing (and SunRun) here on CleanTechnica a number of times, but for anyone not yet familiar with solar leasing’s benefits and downsides, here’s a list for you:

  1. With solar leasing, you get a fixed cost of electricity for 20 years. (With electricity projected to rise considerably over the coming decades, that offers a big, positive relief.)
  2. With lower average electricity costs over that 20-year period, you are projected to save thousands or even tens of thousands on your electricity bills.
  3. SunRun owns and manages the solar system over that time, and, also benefiting from the power it produces, makes sure that if it runs into problems they are fixed quickly. (In other words, SunRun takes care of maintenance.)
  4. You don’t have to pay the large, upfront cost of a solar panel system or get a loan for one.
  5. “Downside” — in the end, you will probably save less money than you would if you bought the solar power system on your own. (But you’re still saving thousands or tens of thousands….)

SunRun has partnered with New York solar installers Mercury Solar Systems and OnForce Solar so far for the New York solar market. Solar leasing from SunRun is now available to residents serviced by ConEdison Westchester, ConEdison New York City, and Orange & Rockland Utilities.

SunRun is expanding fast and intends to continue doing so. Here’s a striking fact for you: 1 out of 8 homeowners who went solar in 2010 went through SunRun. As one resident put it: “We looked into solar for many years, but $25,000 was quite a speedbump to get over. With SunRun, it became a no-brainer because the upfront costs are low and they maintain the system for free.”

“In today’s economy homeowners need to put their finances first, and we’ve found a way to make solar something that’s good for homeowners’ wallets and the planet,” says SunRun President and Co-founder Lynn Jurich.  “We’re excited to bring this offering to New York….”

Solar power costs have dropped off a cliff, and people are taking advantage of that. Have you gone solar yet? Ready to?

Image via SunRun

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Zachary Shahan

Zach is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in Tesla [TSLA], NIO [NIO], Xpeng [XPEV], Ford [F], ChargePoint [CHPT], Amazon [AMZN], Piedmont Lithium [PLL], Lithium Americas [LAC], Albemarle Corporation [ALB], Nouveau Monde Graphite [NMGRF], Talon Metals [TLOFF], Arclight Clean Transition Corp [ACTC], and Starbucks [SBUX]. But he does not offer (explicitly or implicitly) investment advice of any sort.

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