Solar City and residential leasing [RE-wrenches]

[Marco Mangelsdorf]

Joel,

Can we?  Yes. Do we want to?  Not this PV integrator.  I want to be paid
in-full once the install is complete and do not want to rely on getting paid
over time. 

marco


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

>
>
> 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


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