The New York Times has published an important article detailing the rise of solar energy in the last decade. We at Stellar Solar wanted to share the story and discuss The piece notes the importance of the solar lease which companies are increasingly offering due to industry investment from large companies and banks.
Part of the reason people seem slow to embrace solar is because of a widespread perception that green technology is inefficient and how solar is an unstable industry. However, many are now finding that with financial backing, companies are able to offer no money down leases. This means that going solar immediately benefits everybody involved. The home owner or business receives a reduced bill, the financiers get tax credits with a chunk of the monthly payment, and solar companies are able to target a whole new market of potential solar customers.
Both we and the New York Times agree that the future does look good for photovoltaic solar electricity. There will be a need for cheaper electricity. More people will use electric vehicles, oil prices rise, and the cost of solar panels decrease while becoming more efficient. Building-integrated solar is already in use, with roofing shingles that also serve as solar panels.
Stellar Solar offers a twenty year lease with SunPower, a solar manufacturer recently supplemented by $325 million worth of financing. These funds are to be designated towards SunPower’s U.S. residential leasing program. For a more detailed look at the solar industry and more information on the new SunPower financing, check out the links below:
For more information on going green check out: http://www.stellarsolar.net/