Los Angeles (310) 439 1541
Orange County (562) 252 3398
Orange County (562) 252 3398
Because we believe that the Sungevity Solar Lease can bring the power of the sun to everyone. Purchasing a solar home system, out of pocket, simply isn't a reality for many homeowners who want the benefits of solar energy. The offer seems too good to be true. What's the catch?
No catch, but we can give you an explanation of how we can offer this great deal:
As part of the American Recovery and Reinvest Act (a.k.a. the Stimulus Package) the government extended its tax credit on renewable energy systems. When you lease a system, about 1/3 of the cost is covered by Uncle Sam, with state governments kicking in another 10-30%. So, we get paid by the incentives in addition to your lease payments, you get low cost energy, and the world gets a cleaner future. Everyone wins - no catches.
Depending on where you live, the Sungevity Solar Lease is a 15-20 year commitment to solar-powered living and financial savings. After 15-20 years, you can choose to renew for additional 5 year periods (up to 25 years) or have us remove the system from your roof.
What happens if I need to move before my Sungevity Solar Lease term is over?
Your options include:
** Subject to renewable energy incentive holding periods and recapture payments.
For most homeowners, the $0 down lease will be the best option because they can go solar with no out-of-pocket expense. For homeowners with money to put towards solar, or someone considering purchasing a system, the fully prepaid lease can help increase savings while at the same time enable the homeowner to get a complete home solar system as well as complimentary monitoring, maintenance, repairs, and insurance.
Utilities typically don't charge the same price for every unit of energy they sell. In some places, utilities charge more for energy consumed at certain times of day or in certain months of the year. In other places, utilities gives customers a certain allocation of cheap energy, and once you've surpassed that allocation, you must pay higher rates for your remaining energy.
Our goal is to give you access to the best savings possible. That means knowing how much expensive energy you have and how much cheap energy. Once we know that, we can design the system that maximizes your savings.
The Sungevity Solar Lease allows you to go solar with no down payment. We're committed to being flexible to accommodate your personal financial situation, however, so if you have some money in the bank and are looking for a good investment, you can certainly put that into a down payment. Speak to your Sungevity Solar Sales Consultant about your down payment options.
Yes, we are committed to being as fair and transparent as possible, so we show you the "all-in" cost of going solar, including taxes, in your iQuote payments. If you're curious what tax rate we assumed for your particular location, ask your Solar Consultant!
Savings will vary depending on how much energy you use, where you live and your utility company. A typical customer will save about 15% on electricity in their first year, and the savings will increase every year as grid electricity rates rise. Your iQuote will tell you what savings you can expect based on your historic energy usage and custom-designed home solar system.
You can go solar with no down payment and you'll save money from Day 1. With the Sungevity Solar Lease, the reduction in your monthly energy bill will usually be greater than your Solar Lease payment and on top of the financial benefits, we guarantee the performance of the system, provide proactive monitoring and maintenance, and insure your system against accidental damage.
Solar electric or photovoltaic (PV) systems use the sun's energy to make electricity. PV technology produces direct current electricity by collecting electrons freed by the interaction between sunlight and the semiconductor materials in a PV cell.
A PV system reduces or eliminates the amount of electricity you purchase from your utility or electric service provider. A PV system will save you money on your electricity bill and act as a hedge against future price increases. The electricity generated by your PV system is clean, renewable and reliable. You help your community by reducing the electricity demand and provide additional electricity for the grid when you generate more than you use during the day, when this demand is highest.
Your site must have clear, unobstructed access to the sun. Buildings, trees or other vegetation should not shade your site. South-facing roof exposure is best, but roofs facing east and west may be OK. If a rooftop is not available, your PV system can also be mounted on the ground.
A small PV system requires as little as 50 square feet; however, a larger system that meets the needs of a typical household, would use between 300 to 600 square feet. As a rule of thumb, 100 square feet of PV area produces one kilowatt of electricity.
Net Metering allows you to "bank" any surplus electricity your system generates on the electric grid. For example, excess electricity might be generated during the day when your system produces more electricity than you use. During this time, your meter would simply run backwards to record the amount of electricity your system has banked onto the grid. Later, you can use an equal amount of electricity without incurring a cost. If more electricity from the grid is used than your system has banked, your utility will charge you annually for the difference. If your system produces more electricity than you need on an annual basis, your electric service provider may purchase it, but is not required to.
An inverter is needed to change the direct current (DC) power from the solar panels into alternating current (AC) electricity to power your electrical devices and to be compatible with the electric grid. Batteries can provide back-up power for your home or business in case of grid outages, but they also increase your costs.
* Some content on this page courtesy of California Energy Commission
