With the recent financial turbulence, many people who were looking to install solar power for homes are now forced to have second thoughts. If you too were lured by the dream of energy efficiency and environmental eco-friendliness, then your dreams to go solar power for homes may suddenly look a long way off.

But we have good news for you! The Californian-based solar power for homes company SolarCity has come up with a fantastic new innovation called SolarLease. This will allow budding homeowners to introduce solar power for homes by way of a lease that allows them to rent rather than buy the solar panels.

Operating in California, Oregon and Arizona, SolarCity are offering householders with a credit score of 720 or more, the opportunity to set up a series of small monthly payments instead of that one all encompassing big bill.

Typically for the average US home, the cost to install a fully functioning off-grid solar power for homes system would be about $30,000. Your electricity bill would be about $200 per month. If that is you, then you could lease a 16 solar panel solar power for homes system for $100 per month from SolarCity. The energy this solar power for homes system generates would bring your $200 monthly electricity outlay down to $75. Thereby you would make a monthly saving of $25 and be saving the planet while you went about it!

SolarCity installs and maintains the solar power for homes system and handles any repairs should there be any (though this is extremely rare as solar panels for homes are known to be very resilient and tend to have a life of at least 30 years.)

They also have an added assurance for the homeowner in the form of the SolarGuard scheme. This scheme keeps an eye on the overall performance of your solar power for homes system. If there is any sign of the solar power for homes system not working up to pre-agreed standards, then the company will send out an experienced engineer to tweak up or fix your solar power for homes system at no cost to yourself.

For those homeowners who wants to know exactly how much they are saving, SolarCity have an online system that shows you the financial benefits of using solar power for homes.

At the end of the lease, homeowners can choose from four options. They could upgrade to a new system, extend the lease, buy the system, or simply have the panels removed free of charge. Homeowners who sell their home before their lease expires can either buy out the remainder of the lease or transfer the lease to the new house owners.

While we have no financial attachment to this at all, in the opinion of everyone at go solar power for homes dot com, this seems to be a good deal all round – good for you, good for the supplier and good for the planet. We like!

From Sam Deane,
your solar power for homes guide,
at www dot go solar power for homes dot com.

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Info via: Fortune
The Trackback, /solar-power-for-homes/solar-power-for-homes-on-lease-rental-with-solarcity
by Sam Deane, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.

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The Earth receives more energy from the Sun in an hour than the human race uses in a year. Save your money. Save our Planet. Go solar power for homes!