Solar City and residential leasing [RE-wrenches]

[Ken Schaal]

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I'd really like to explore these financing issues,techniques more fully.
Perhaps we should move this discussion to the Markets List ??
--- Your welcome, Michael.---

My question is  'has anyone seen / read a copy of their lease agreement' ? 
Can you share it on the markets list?

Thanks, Ken


----- Original Message ----- 
From: "Marco Mangelsdorf" <marco at pvthawaii.com>
To: <RE-wrenches at topica.com>
Sent: Saturday, April 19, 2008 2:48 PM
Subject: RE: Solar City and residential leasing [RE-wrenches]


>
> 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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