More Solar Installations in California are Now Leased, not Purchased

New Study Shows Cost to Federal Taxpayers for Leased Systems has Declined, Indicates Ways to Further Lower Taxpayer and Consumer Costs

SAN FRANCISCO – A new study by Climate Policy Initiative (CPI) finds that most homeowners in California are no longer purchasing the solar panels on their rooftops, they are leasing them; over 75% of California’s new residential solar systems in 2012 were leased as compared to less than 10% in 2007. The study, titled “Improving Solar Policy: Lessons from the Solar Leasing Boom in California,” indicates that while incentives for leased systems initially cost federal taxpayers more than incentives for purchased systems, the cost gap has disappeared over the last two years.

read more at http://climatepolicyinitiative.org

 

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