Buying systems to generate alternative energy is expensive. Before the housing bubble burst, many were able to obtain a second mortgage or restructure their existing one to come up with the cash to purchase and install solar panels. Either way, you had to borrow money to install.
Caleb Denison reported on May 13, 2011 that solar leasing is a growing trend for homeowners and small businesses. As Denison states: “A solar lease can provide a path toward solar energy integration for home and small business owners that might otherwise be unable to make such an investment. In this article we'll take a look at what is involved in a solar lease, how some of these programs work and discuss one solar energy company's recent adoption of solar leases and how it integrate these programs into its business model.”
To read the Reuters article, click here.