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How Does Residential Solar Leasing Bode Well For Homeowners

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Innovative financing: Does residential solar leasing bode well for homeowners

The introduction
Driven by advances in solar technology and the cost of photovoltaics has declined steadily, few people can resist the temptation of low living expenditure and more and more homeowners are considering buying or leasing rooftop solar panels to pursuit the green lifestyle. The U.S. Department of Energy projects that, by the year 2020, 900,000 homes will feature solar installations. Although the application of solar power has hit the mainstream and solar power market is growing dramatically over the past decades, only minority of residents in the developed regions are in the use of the residential solar system. This is mainly because of the huge upfront investment to install the residential photovoltaic system. Good news come to the consumers that a new wave of solar power leasing comes to the mass consumer vision since Oneroof company started to lease solar power system to residents with zero charge and residents simply make affordable monthly payments just like leasing a automobile.
Structure
This paper aims at exploring the feasibility of solar power leasing and begins with description …show more content…

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