A contract with a solar company to have a solar energy system installed on your roof with little to no upfront costs is known as Solar Lease Service. With this contract, one will “rent” a solar system in exchange for the benefits (i.e. the electricity) the system produces. A solar lease is a type of Third-Party Ownership (TPO) financing model. The system is not owned by the homeowner but instead leased out by the solar company who installed it.
When lease a solar system, get all the benefits of having a Solar Lease Servicewithout the upfront cost of purchasing and installing your solar panels. If you lease Solar Lease Service, most companies make sure that your solar system is maintained and running at peak performance.
The customer will be able to choose between a numbers of financing options that best suits their unique situation. Solar leases services can be structured so customers pay no up-front costs, some of the Solar Lease Servicecost, or purchase the system before the end of the lease term.
Customer leases the Solar Lease Service and receives all the energy they produce, but do not own the panels. Customer makes monthly payments for the Solar Lease Service and is entitled to all the electricity they produce. Most lease providers provide the option to buy the Solar Lease Service at the end of the lease term at a discounted price.
People who lease their Solar Lease Service systems save far less than those who buy them outright or with a loan (they also miss out on federal tax benefits and any local incentives). That means that if the cost of energy doesn’t rise as quickly as the contracted lease payments increase, your savings could evaporate.
Corporate Solar Lease Service Market Segmentation:
Manufacturer Detail Segmentation:
Tesla (SolarCity) is an American electric vehicle and clean energy company based in Palo Alto, California. The company specializes in electric vehicle manufacturing, battery energy storage from home to grid scale and, through its acquisition of SolarCity, solar panel and solar roof tile manufacturing.
SunRun was co-founded in January 2007 by Lynn Jurich, Ed Fenster, and Nat Kreamer with a business model in which it offered customers either a lease or a Power Purchase Agreement (PPA) business model whereby homeowners paid for electricity usage but did not buy solar panels outright, reducing the initial capital outlay required by the homeowner. Sunrun is responsible for installation, maintenance, monitoring and repairs.
SunPower is an American energy company that designs and manufactures crystalline silicon photovoltaic cells and solar panels based on an all-back-contact solar cell invented at Stanford University. The company is majority owned by Total and is publicly traded on the NASDAQ as SPWR.
Solar Calculator is energy is the fastest-growing electricity source and is expected to contribute 36 percent of total US renewable energy generation by 2050.
Solar to the People provides independent information for homeowners interested in going solar and competitive solar quotes from multiple solar providers.
Solar-Estimate isthe energy production and cost of energy of grid-connected photovoltaic (PV) energy systems throughout the world.
Vivint Solar Developer is founded in 2011, Vivint Solar provides homeowners with simple and affordable clean energy. They believe that going solar should be headache and hassle-free. That’s why they supply the solar panels, and take care of all the installation and maintenance—for little to no upfront cost.
Wholesale Solar isa leading solar power system integrator & wholesale supplier of complete solar electric systems.
Modernize helps homeowners get home improvement projects done through expert guidance, educational tools and connections with trusted contractors.
Solar Power Authority provides top solar company reviews, a solar savings calculator & resources to make the best solar investment for your home.
Product Type Segmentation
Monthly Lease is termed asDepending on needs as a renter, preferred as month-by-month lease or a fixed-term lease.
Full Amount Lease is a Lease arrangement in which a seller or owner (the lessor) of the leased asset or property recovers the full cost (original cost plus profit margin, interest, and other charges) of the item, with little or no dependence on the residual value of the item for any return.
Home Use is composed of a diverse group of companies. These manufacturers of consumer goods, used in and around the home, offer their wares to various wholesalers and retailers. Diversity is a key characteristic of this group. Household Products companies are, for the most part, conglomerates.
Business Use is a group of companies that are related based on their primary business activities. For example, while an automobile manufacturer might have a financing division that contributes 10% to the firm’s overall revenues, the company would be classified in the automaker industry by most classification systems.