Affordable Solar, Sunnova launch leasing program in New Mexico


Affordable Solar and Sunnova Energy Corp. have unveiled a new solar panel leasing program for residential customers in the U.S. state of New Mexico, offering many homeowners the opportunity to access solar energy for less than the monthly cost electricity.

The Albuquerque-based Affordable Solar said the financing program would provide New Mexico residents "with solar power systems that can allow them to save money on energy costs from day one without paying the upfront cost of the system."

Customers will have the opportunity to select the solar panels and system sizes that best meet their energy needs and budgets.

The 25-year lease option includes installation, monitoring, repairs and insurance for a monthly fee. A 4.5 kW residential solar system, typical for a three-bedroom home, would initially cost about $80 a month (€62) with no upfront cost under the plan. The monthly payment would be offset by a decrease in the household’s electric bill. Customers could purchase the same system outright for $18,000 (€32,900), not including federal and state tax credits.

The lease program is only available to New Mexico property owners through Affordable Solar.

Popular content

Affordable Solar general manager Ryan Centerwall said the company’s partnership with Houston-based Sunnova would "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 $0.99 per gallon for 25 years. The upside is tremendous."

Affordable Solar provides solar project design, project development, construction and product distribution.

Currently, 75% of U.S. residents have access to solar energy through solar lease programs.

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:


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Your email address will not be published.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.