Solar leasing has surged ahead in the U.S., driven by the model being a good fit for U.S. consumer habits and leasing firms ability to access low-cost financing on the back of the 30% solar Investment Tax Credit. SunEdison, SolarCity, Sunrun, Vivint Solar and Sungevity are leading players in the space.
In Europe the solar leasing model remains in its early stages, although SunEdison has shown an appetite for the market and has announced its intention to introduce a 20-year solar lease in the UK.
SunEdison unveiled its SunEdison Energy Saver Plan to UK consumers at the EcoBuild today.
The SunEdison lease will run for 20 years, will require no down payment from consumers and will deliver a 15% saving on existing electricity within the first year, the company claims. The price for solar electricity delivered under the lease will increase 3.5% annually, below the 8% average increase of electricity prices in the UK based on government data from the past decade.
SunEdison will be responsible for component supply, installation, O&M and insurance of the PV system under its Energy Save Plan.
The new SunEdison Energy Saver Plan represents a step-change that revolutionizes access to solar for UK homeowners. To simplify the process of going solar, we've removed the biggest barrier the upfront purchase cost, said SunEdisons European residential and small commercial VP. We anticipate high demand for this no cost way to save money immediately.
SunEdison will tap local installers to roll out the program.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.