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Green technology

REC Solar and SunRun Partner to Bring Solar Power to Lakewood Residents

Strategic Insights

— 1 min read

REC Solar, the largest solar installer in the country, has teamed up with SunRun to provide a low-cost leasing program for solar power to residents of Lakewood, Colorado. The program allows homeowners to pay as little as $1,000 for a one-time system installation fee, followed by a low monthly bill for solar energy. This innovative approach makes solar power more accessible to homeowners, who can also take advantage of utility incentives and federal tax credits.

Key Takeaways:

  • REC Solar and SunRun have partnered to offer a low-cost leasing program for solar power to homeowners in Lakewood, Colorado.
  • The program allows homeowners to pay as little as $1,000 for a one-time system installation fee, and then pay a low monthly bill for solar energy.
  • The partnership marks the first time a Colorado resident has purchased a solar electric system through a new low-cost leasing program.
  • The McDonald family, the first to purchase a solar electric system in Colorado through this program, will install a 4.3kW system to offset 90 percent of their electricity usage.
  • The program is the result of legislation signed in April, allowing homeowners to go solar through a lease rather than purchasing a system, and permitting companies to own and maintain solar panels on homeowner roofs.
  • REC Solar provides all upfront service and installation services, including customized design, engineering, installation, and electrical work.
  • SunRun provides complete monitoring, repairs, insurance, and a performance guarantee for all its customers, eliminating maintenance or pricing concerns.
  • The partnership between REC Solar and SunRun aims to break down barriers and provide greater access to solar power for homeowners across the state.

Statistics:

  • The McDonald family will install a 4.3kW solar system, which will offset 90 percent of their electricity usage.
  • The upfront cost for the system is as low as $1,000 for a one-time installation fee.
  • Thousands of homeowners in California, Arizona, and Massachusetts currently use SunRun's solar service.
  • REC Solar is one of SunRun's original partners, starting with a joint program in California in 2008.

Sources:

  • REC Solar, www.recsolar.com
  • SunRun, (no URL mentioned)
  • Marketwire, copyright 2009 Marketwire, Inc., All rights reserved.

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