Renting Solar Panels Nz

Solarcity is one of the fastest growing green companies in new zealand and is one of the government s focus 500 companies that are targeted to contribute.

Renting solar panels nz.

If you buy a solar panel system you own the system either outright if purchasing with cash or after repaying your solar loan. Buying solar panels requires an investment and more decision making than leasing but over the long term the benefits of owning your system are hard to beat. The program is offered in 6 states arizona california connecticut massachusetts new jersey and new mexico with costs starting as low as 50 per month. Instead of paying for a solar system you pay a fixed monthly amount for the electricity the solar panels generate.

The concept is that you receive your solar panels and installation for free and sign a long term lease agreement. J ulie griffiths wanted to reduce her carbon footprint by installing solar panels. Renting a house gives you the biggest number of advantages when we talk about renovations re designs and smart home technologies implementation however you should do everything smart and understand where you can put your solar power system and how many you need. If you lease the system or sign a power purchase agreement ppa a third party owns the solar panel system.

The main practical distinction between buying and leasing a solar pv system is in ownership. Tesla s rent solar program is a month to month agreement to use tesla s solar power to reduce your electric bill. On august 18 2019 tesla announced their new solar rental program with hopes that it will bolster their declining solar business. To read more about the viability of long term solar leasing agreements frank and muriel newman from the oily rag have written an interesting article featured in the bay of plenty times.

With our solar lease option we provide a monthly fixed cost we maintain and monitor the system and you can enjoy the power generated to offset your monthly electricity bill. Our solar lease packages have a variety of terms available so please give us a call to discuss options on 0800 745 400. You rent a single family house. It was the first solar company in the world to achieve toitū carbonzerocert tm certification and is still the only solar energy services business in nz with that green credential.