US: Solar leasing installations continue to grow

Share

According the PV Solar Report, solar leasing grew by 67 percent in Q3 2011 with installations worth USD$157 million. Cash purchases, meanwhile, grew 17 percent.

The cities with the largest growth in households signing up to solar leasing programs were, in descending order, San Jose, Bakersfield, Fresno, Simi Valley and Corona. The major cities of San Diego and San Francisco both made the top-ten for solar leasing uptake.

PV Solar Report’s Stephen Torres said in a statement that the results indicate that Californian homeowners prefer solar leasing to purchasing them upfront. "Business models like SunRun’s are not only allowing families to switch to solar without the high upfront cost of a cash purchase, but also helping local economies increase revenue and create jobs. We’re excited to see the growth trend continue."

The November edition of pv magazine has an article on solar leasing and "green banks".

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.