Record Year For California Third-Party Home Solar Leases

15 Feb. 2013 by

CLEAN TECHNICA - Having home solar energy installed by leasing them from third parties has grown like wildfire in the US, particularly in states with their own government incentive programs. On February 13, Sunrun, a pioneer in third-party solar leasing, and solar photovoltaic (PV) market data provider PV Solar Report, announced that third-party-owned solar pumped more than $938 million into California’s economy in 2012, a record-high annual amount equal to that of all the previous five years combined.

Third-party solar energy system leases now account for nearly three-quarters (74%) of California’s residential solar market, according to Sunrun and PV Solar. A market research report released last August revealed that solar leasing had added more than $1 billion to California’s economy since being introduced in 2007.

Read full article here