Energy users in Massachusetts, Maryland, New Jersey, and New York now have an opportunity to benefit from their own rooftop solar power systems without the high upfront costs and complexity of ownership following a collaboration between Constellation and U.S. residential leasing provider, Sunrun.
Under a typical lease agreement, the upfront installation costs of rooftop solar PV systems are paid for by Sunrun. The company insures, monitors, maintains and guarantees the performance of the system for 20 years. Customers purchase power generated from their rooftop PV system at a lower price than their current utility rate. In addition, they also continue to receive electricity supply from the grid, if required.
There are only three simple conditions customers have to meet to be eligible for the lease: they must own the house, spend approximately $100 a month on their electricity bills, and have a roof in good condition with favorable sun exposure.
Popular content
With more and more companies competing on the residential solar market, clean energy solutions become more affordable for the average U.S. homeowner. A report by Solare Energy Industries Association (SEIA) and GTM Research issued last week found that residential system prices fell to $3.50 per watt last year.
The analysis shows that soft costs in the residential solar sector have actually risen 7% over the course of the past 12 months, while at the same time residential hardware costs have dropped 16%.
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
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.