July 9, 2008

Renting solar panels?

Previously I discussed the financial feasibility of installing solar panels to provide electricity to your home. From a comment by 99k on Free Money Finance article I heard about a company named Citizenrē They are a startup that plans to rent solar panels to homeowners at a fixed cost. You'd buy the electricity from them below your current electric rate and the cost would be fixed. They have 1, 5 and 25 year term agreements.

Its an interesting idea but the Citizenre site is pretty skimpy on specifics as far as price and it doesn't appear they're actually installing systems yet. SO I guess we'll have to wait and see if it actually happens or not.

Here some more sources on this topic:

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