Solar at no Upfront Cost…on the East Coast!

Posted on January 24, 2011. Filed under: News | Tags: , , , , , , |

Sure we’ve heard about how residential homeowners in California and other West Coast states have gone solar thanks to generous incentives and creative financing programs (not to mention abundant sunshine!)

But now, Marylanders and other East Coast residents will have the opportunity to reap the benefits of solar without having to pay for the installation up front. California based SolarCity, the country’s largest residential installer has entered the market by purchasing the solar division of Clean Currents.

SolarCity was the first company in the US to introduce the solar lease option in 2008. SolarLease allows homeowners to pay for their solar installation in monthly lease installments instead of all at once. Most of the time, the savings on the customer’s electricity bill outweigh the lease payments resulting in an overall decrease in energy costs. Also, as electricity rates rise (which is the usual trend), the savings increases. So its a pretty cool option for homeowners that want to go solar, but don’t have the cash for an upfront payment.

SolarCity’s East Coast operations will be based in the Clean Currents Solar offices in Silver Spring Maryland. For more details see the official press release and coverage in the Washington Post, Bloomberg, and the Washington Business Journal.

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