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Good news on solar financing came in recently by Jeff Spross at ClimateProgress . For those wanting to convert their electrical energy supply to solar panels, but have been road-blocked by affordability issues, such as the up-front cost, Solar City has announced it will start offering homeowners a form of financing for their solar system called MyPower . This financing method will function like a hybrid between a lease and a power purchase agreement (PPA). Here is how it is spelled out, according to Spross: “Under a lease, the solar system is installed on the customer’s home, but is still owned by a third party. The customer then pays for the loan in regular installments while also paying for the electricity, and ownership of the system shifts to them once it’s paid off. The selling point is that because the third party has a guaranteed income stream over time, the rates f...

Full article: http://sustainablecitiescollective.com/grmeyers/1003291/s...

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