So, we’ve been talking about Solar Leases and Solar PPAs for homes. As I mentioned in an earlier post, the structures of these can vary greatly.
In a quick (2 hour search) of the web, I’ve found the following seemingly active residential solar lease or PPA providers, but other than the ones just mentioned, I have not done my homework yet to go over each company. So buyer beware, but if you’re interested in going with a solar lease or solar PPA in your area, here are the websites of the residential ones I’ve found so far:
- CT Solar www.ctsolarlease.com. Connecticut only.
- Heliomu PPA www.heliomu.com California only
- Solar City Lease www.solarcity.com Arizona, California, and Oregon
- SunRun PPA. www.sunrunhome.com California, Massachusetts. In Arizona, SunRun provides a lease model similar to Solar City’s.
- freEner-g www.freener-g.com Pilot Minnesota Solar Lease plan
In the Near Future: (As announced in the Philidelphia Enquirer):
- Gemstone Group Pennsylvania Solar Leasing Plan (details not yet announced)
- Gemstone Group New Jersey Solar Leasing Plan (details not yet announced)
- Urban Eco Electric www.urbanecoelectric.com, Philadelphia, PA only, (coming soon)
Here are mainly Commercial/Business/Government PPA companies:
- Tioga Energy
- Sun Edison
- Photon Energy Services
- Solar Power Partners
- Clean Source Power
- Recurrent Energy
- MMA Renewable Ventures
- Green Rock Energy
- Green Energy Finder
- SunPower Corp
- Envision Solar
In terms of what to expect from the residential list above:
- Solar PPAs and Solar Leases will be different from company to company and State to State.
- In fact, the same company offering a Solar Lease in California may only offer a Solar PPA in Arizona or visa-versa.
- Some pay for maintenance or contribute funds to the maintenance, while others don’t.
- Some companies are the installer, while others offer their leasing or PPA program through pre-qualified installers.
- Some charge you a leasing fee for 15 years or longer with (or without) an annual increase, while with PPAs, you pay just for the energy you use with a yearly per watt rate increase.
- Some require a down payment or deposit of as little as $1000–or more. Others cost you nothing upfront.
- Most require that you have a pretty good credit score in the high 600′s or even 720 in the case of Solar City’s program.
- All are long term commitments of at least 15 years, with options to buy and/or transfer the agreement to a new owner.
- Most–if not all of these companies–will be happy to provide a commercial PPA for your school, church, business, or government agency as well.
Know of any more residential solar lease or Solar PPA programs? Please drop a comment below and share.