SEIA Releases Form To Simplify Solar Leasing For Consumers

Posted by Joseph Bebon on February 09, 2016 1 Comment
Categories : FYI

The Solar Energy Industries Association (SEIA) has announced it is making the SEIA Residential Lease Disclosure form available to all companies to help consumers better understand the terms and costs of their solar leases. The form is also designed to help consumers choose among competitive providers.

“This one form can help millions of homeowners go solar,” says Rhone Resch, SEIA president and CEO. “The SEIA Residential Lease Disclosure form is the knowledgeable best friend everyone wishes they had on those big ticket purchases. By using this tool, solar shoppers can now easily compare competing lease contracts – creating a marketplace of consumers who are both well informed and confident in their decision to go carbon-free.”

According to SEIA, the form was created by a team of senior attorneys from across the solar and housing industries and has been shared widely with consumer groups, federal and state regulators, and others with an interest in ensuring consumers understand how solar transactions work. The disclosure form does not replace a traditional lease, but instead provides a clear snapshot of the important details of a leasing arrangement, increasing consumer awareness of key terms, including costs, warranty terms and solar energy production estimates.

“We applaud SEIA’s prioritization of consumer protection and are confident that the Residential Lease Disclosure form will provide transparency across the solar industry marketplace and drive greater clarity for consumers,” comments Seth Weissmann, executive vice president, general counsel and secretary of SolarCity.

For more on the disclosure form and other SEIA consumer-protection efforts, click here.

Comments

  1. Why would anyone want to compare lease offerings when they’re the most expensive forms of financing. A far better comparison would be solar leasing versus a purchase. A purchase will cost the consumer as little as 1/3 the cost of a solar lease.

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