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SpinDistribute.com Article Directory

The following article was published in our article directory on August 3, 2012.
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Solar Power Systems For Lease

Article Category: Computers and Technology

Author Name: Chris Parker

Experts are heralding the emergent solar power systems leasing trend as a breakthrough that will certainly result in exponential market development. According to an article released by Sustainable Business, the availability nationwide of solar equipment leasing "opens solar to 13 million Americans and that can push solar energy into the mainstream."

Leasing solar power systems minimizes the upfront expenses that can be prohibitive to numerous homeowners, allowing more Americans to experience all the benefits of renewable energy without depleting their bank accounts. They can enjoy the cost savings of solar over traditional grid electricity in the very first month of service. In comparison, customers who acquire solar power systems outright may have to wait as much as a decade to recover their initial expenditures with energy savings. According to Mother Earth News, consumers buying average to large sized solar power systems for their residences can easily anticipate to pay about $ 50,000.

Since solar technology is quickly developing, leasing equipment is a wise option from a practical standpoint too. As new developments provide customers much better technology and extra cost savings, they can update their leased equipment and not worry about incurring losses on their outmoded solar components.

As initially conceived by a California solar company in 2007, solar equipment leasing gave customers the option to pay a fixed monthly fee for their rental or pay just for the power produced by their leased equipment. With more and more solar providers fine-tuning their very own programs, they concentrate on making the solar conversion as simple as possible for their customers.

Because numerous government subsidies for solar installations ended at the conclusion of 2011, both domestic and commercial energy users are searching for brand-new ways to save on renewable energy. Business set up to lease solar power systems are positioned for significant growth.

For emergent markets outside the U.S., equipment leasing represents an unprecedented opportunity. The chance to acquire commercial and residential solar power systems without the requirement of buying equipment makes renewable energy accessible to those who can easily benefit the most.

Since the development of the leasing trend in California, younger home owners in a lower income bracket than those who have currently bought their renewable energy systems are transforming to solar power. Science Direct states that "third-party leased PV products are likely raising overall PV need rather than gaining market share entirely at the cost of existing customer owned PV demand.' In other words, the availability of solar power systems for lease is opening exciting new vistas for the renewable energy transformation.

Keywords: solar power systems

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