Solar energy company SolarCity and automaker Honda have joined forces to increase access to solar power for their customers. The partnership establishes an investment fund to finance $65 million in solar projects to assist Honda and Acura (Honda’s luxury division) customers with the initial cost of solar power installation. Millions of Honda and Acura customers (more…)
Three student housing communities will be powered with solar power thanks to an agreement between Campus Crest Communities, a developer of student housing, and SolarCity, a provider of alternative energy. The student communities are located in Greeley (Colorado), Flagstaff (Arizona) and Las Cruces (New Mexico). They will be fitted with more (more…)
How do you consume electricity in your home? For many households, this isn’t a question often considered. The question “How much do you spend on electricity?” resonates more with households and bill payers. Most people need an easy and actionable plan for managing costs, which at the same time will reduce overall energy consumption. Understanding (more…)
A cool-down in European solar markets combined with an over-supply of panels from China has led to a massive decline in solar panel prices. Over the last year, prices for solar panels have fallen 50 percent. In the U.S., falling prices spell competition, and many solar providers are hustling to position themselves to take advantage of a rapidly changing solar industry.
How can companies like SunRun, Sungevity, and SolarCity provide a zero down or $1000 down solar lease while charging less per month than a utility company? Sound too good to be true? It’s not. Here’s a high level overview of how solar leases (and PPAs) work.
First, let’s briefly review how a homeowner would purchase and install a solar system without the benefit of a solar lease or PPA. A home owner purchases (more…)
Thanks to a new TXU Energy and SolarCity partnership residents of Dallas, Texas will soon have the option to lease a photovoltaic solar array to offset high-energy cost. Similar programs are in place around the world, but in Texas where sprawling suburbs are common and air conditioning in the summer means sky rocketing fuel costs the potential savings for consumers could be astronomical.
After tax incentives the average owner of a three to four bedroom house can expect to pay 35 dollars a month in energy costs. $35 is a far cry from the $26,000 it could cost to buy the same solar system outright.