THE COST OF SOLAR’S NO-UPFRONT COST
The High Cost of the Solar Middleman
John Farrell, January 9, 2014 (Institute for Local Self Reliance)
“If there’s no such thing as a free lunch, then how can Americans get solar on their roof with “zero money down” and lower their electric bill? Solar leasing, as it’s often called, is a clever market solution to poor federal and state policy design that otherwise requires Americans to do financial acrobatics to power their home or business with solar. But solar leasing adds significantly to the cost of solar energy…New data from the Massachusetts Department of Energy Resources published last year…estimates the necessary production based incentive (in dollars per megawatt-hour of electricity produced) to support the development of solar…The bottom line is that leased solar arrays require more than double the incentive…[and] customers of leasing companies get less than solar owners, because they presumably sign contracts for electricity that are less than the net metering they would receive in owning…” click here for more
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