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Leasing solar a cost-saving option for homeowners

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Posted August 8, 2013
This undated publicity photo released by SolarCity shows Ben Kunz' house with solar panels installed on the roof in Cheshire, Conn. Kunz wanted to do "the green thing" and save on his electric bill without paying a lot of money up front. So instead of purchasing a solar system for his house, he leased one. (AP Photo/SolarCity)

This undated publicity photo released by SolarCity shows Ben Kunz’ house with solar panels installed on the roof in Cheshire, Conn. Kunz wanted to do “the green thing” and save on his electric bill without paying a lot of money up front. So instead of purchasing a solar system for his house, he leased one. (AP Photo/SolarCity)

Ben Kunz wanted to do “the green thing” and save on his electric bill without paying a lot of money up front. So instead of buying a solar system for his house in Cheshire, Connecticut, he leased one.

 

“I thought it was a pretty good deal,” he said. “I lean a little environmentalist so I’m concerned about global warming.”

Increasing numbers of U.S. homeowners are relying on the sun to meet much of their hot water and electricity needs. In fact, residential electricity produced by solar in the first quarter of 2013 was almost 10 times higher than that generated in 2008, according to the Solar Energy Industries Association.

But the potential for more is huge.

Consider this: “The amount of solar energy falling on the United States in one hour of noontime summer sun is about equal to the annual U.S. electricity demand,” the Energy Department says in its SunShot Vision Study.

“Saving money and being energy efficient rank really high with consumers today,” said Kit Selzer, a senior editor at Better Homes and Gardens.

A Gallup poll in March found that 76 percent of Americans thought the country should put more emphasis on producing domestic energy from solar power.

So what’s stopping more folks from going solar?

“We found that a lot of people were afraid to go solar because they were too afraid of what they didn’t know,” said Ketch Ryan, who had a solar energy system installed in her Chevy Chase, Maryland, house several years ago.

Read more at: Phys.org

 

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