Affordable Solar has announced they will now be offering a solar panel leasing program to residents in New Mexico in cooperation with Sunnova Energy Corp. For less than the current electricity costs, many New Mexico locals will be able to switch to renewable energy to power their homes.
The solar leasing program will allow New Mexico residents to install solar power systems leased from Affordable Solar to start providing their required energy — based on their energy needs and budgets — saving them money on energy costs from day one, and without the upfront costs of installing a solar power system.
The solar lease available includes installation, monitoring, repairs, and insurance for less than the cost of the average electricity bill. Affordable Solar, in their press release published on PR Newswire, provided an example;
As an example, a 4.5-kilowatt residential solar system, which is typical for a 3 bedroom home, would initially cost approximately $79 a month, with no upfront cost. The $79 per month will be offset by a decrease in their electric bill. Customers could purchase the same system outright for $18,000, not including federal and state tax credits.
“Affordable Solar is proud to have an innovative partner in Sunnova Energy Corp,” said Ryan Centerwall , general manager Affordable Solar. “This partnership will help bring energy independence to many New Mexicans that have been turned off by the upfront cost of solar, or their lack of tax incentives. New Mexicans will be able to lock in their energy costs for 25 years, providing stability that a family can plan around. Think of it like having been able to lock in your gas prices many years ago at 99¢ per gallon for 25 years. The upside is tremendous.”
“Sunnova is pleased to partner with Affordable Solar and to be the first to offer solar leasing in the New Mexico Market,” said Robyn Kenkel , account manager Sunnova. “New Mexicans will now have access to cheaper electricity through a solar lease for ZERO out of pocket expense. A Sunnova Lease allows you to lock in your electricity rate for the next 25 years, while utility rates continue to rise. Customers have peace of mind that comes with a 25 year warranty, system monitoring, maintenance, and our Power Production Guarantee.”
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