Solar City and residential leasing [RE-wrenches]

[Joel Davidson]

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Can PV contractors finance high ticket products and services the same way 
hvac, plumbers, home remodelers, etc. do?

----- Original Message ----- 
From: "Marco Mangelsdorf" <marco at pvthawaii.com>
To: <RE-wrenches at topica.com>
Sent: Saturday, April 19, 2008 10:32 AM
Subject: Solar City and residential leasing [RE-wrenches]


>
>
> I wanted to update you all on my findings regarding the ability of Solar
> City, and other companies which offer similar residential PV lease
> arrangements, to break into the market.  It would appear that the ability 
> of
> a company to offer homeowners a PV lease, where they pay little or no
> up-front cost for a system and instead pay a monthly check to lease the
> system for 10 or 20 years, and accrue the 30 percent Federal commercial 
> tax
> credit (ITC) is a legitimate transaction.  While I don't know if this 
> option
> is available outside of CA., it's inevitable that it soon will be in those
> states that have buydown programs or the like.  My point is that if some
> companies, e.g., Solar City, can offer an off-the-shelf program that 
> allows
> homeowners to obtain a PV system at little or no up-front cost, those of 
> us
> who rely on cash sales to support out businesses should be very nervous.
> Americans love to buy/get things now and pay later.  And being able to 
> enjoy
> the benefits of a PV system, with the monthly utility bill savings being
> more than the monthly lease payments, without paying anything up-front 
> would
> shake up our industry to its core.
>
> marco
>
> Marco Mangelsdorf, Ph.D., President
> Electrical Contractor License C-26351
> 69 Railroad Avenue, A-7
> Hilo, Hawai'i 96720
> (808) 969-3281, 934-7462 facsimile
>
>
>
>
>
>
>
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> 


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