Solar City and residential leasing [RE-wrenches]

[Daryl DeJoy]

Has anyone seen this yet? Any comments?

http://www.sungevity.com/#start





>
> 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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>>
>
>
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> To send a message: RE-wrenches at topica.com
>
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