Leased SolarCity Solar Systems Reduce Electric Costs
Katie Cordrey — April 24, 2011 — Art & Design
References: grn-network & solarcity
SolarCity recently expanded into Oregon and claims more than 10,000 customers in Arizona, California, Colorado, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Texas and Washington D.C., which means companies like eBay have already discovered that leased SolarCity solar systems are not only good for the environment, they're also good for the bottom line. SolarCity is a full-service solar provider that provides solar power system design, financing, installation and power-monitoring services to homeowners, businesses and government organizations with little or no up-front costs.
SolarCity solar services include the design of solar energy systems for a specific site, installation of the photovoltaic panels, the necessary equipment to track power production and ongoing maintenance. Once in place, the company leases the fully functioning system to the site owner. Power generated from the systems is fed back to the grid and runs the property owner's electrical meters backwards! This lowers power costs for the lessee, increases micro-power-production for utilities, and has less environmental impact than standalone systems -- arrays are usually installed on existing structures. The end result is an eco-friendly, consumer-savvy model of sustainable business that makes a lot of sense, especially in America's sun belt.
SolarCity solar services include the design of solar energy systems for a specific site, installation of the photovoltaic panels, the necessary equipment to track power production and ongoing maintenance. Once in place, the company leases the fully functioning system to the site owner. Power generated from the systems is fed back to the grid and runs the property owner's electrical meters backwards! This lowers power costs for the lessee, increases micro-power-production for utilities, and has less environmental impact than standalone systems -- arrays are usually installed on existing structures. The end result is an eco-friendly, consumer-savvy model of sustainable business that makes a lot of sense, especially in America's sun belt.
Trend Themes
1. Leased Solar Panels - Expanding the leasing of solar panels helps homeowners and business owners reduce energy costs and become more environmentally friendly.
2. Power Monitoring Services - Providing power monitoring services allows companies to analyze energy usage and find ways to reduce costs and environmental impact.
3. Micro-power-production for Utilities - Micro-power-production provides an opportunity for utilities to meet energy demands without building new facilities or investing in expensive upgrades.
Industry Implications
1. Solar Energy Providers - Solar energy providers can expand their services and partnerships to offer leasing options to their clients.
2. Power Monitoring and Analytics - Power monitoring and analytics companies can provide valuable insights to businesses and homeowners about their energy usage and potential cost savings.
3. Utilities - Utility companies can harness the power generated from leased solar systems to meet energy demands and reduce their carbon footprint.
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