Sungevity started providing solar leases this month and has already sold one-quarter of a megawatt under the offer.
Leveraging the online ‘iQuote’ process, which enables Sungevity to use satellite images and aerial photography to assess customers’ roofs to remotely determine the homes’ solar potential, the company has been able to furnish customers with a proposal to use solar power with no capital cost.
The company said that the offer gives most customers savings from the start of their Sungevity Solar Lease. The graphic compares a typical customer’s monthly electric bill over a ten year period – savings from the solar lease starts immediately and increases over time.
Darren Hof, vice president of renewable energy investments at US Bank, said: “We’re excited to partner with Sungevity on their solar lease program.We like the residential solar space and are convinced its growth will outpace commercial solar development in the coming years.”
Danny Kennedy, president and co-founder of Sungevity, said: “Sungevity has always put its customers first, and we are thrilled to be able to offer the best solar lease on the market with the first ever 10-year term using this fund while maintaining a service unparalleled by our competitors.
”Having a great partner like US Bank that believes in the power of solar helps ensure that more home owners than ever can reap the savings coming from solar power in their own homes.”
