Homeowners may lease solar equipment - East Valley Tribune: Business

Homeowners may lease solar equipment

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Posted: Friday, April 24, 2009 10:16 pm | Updated: 2:37 am, Sat Oct 8, 2011.

American Solar Electric, a Scottsdale-based installer of solar photovoltaic systems, and SunRun, a California company that leases solar equipment, are offering a program that allows homeowners to get solar electricity in Arizona without high up-front costs.

Under the program, the two companies will install a PV system on the homeowner’s roof for as little as $1,000 down. SunRun leases the system to the homeowner, allowing immediate savings on the homeowner’s monthly electric bill without the large up-front cost involved in purchasing the system, the companies said.

SunRun said it provides maintenance, repairs, insurance and performance guarantees for the PV system.

Customers who sign up for the lease agreement by April 30 will receive the first three months of their electricity free, the companies said.

Interested persons can obtain more information at www.americanpv.com or by calling (480) 994-1440.

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