New York-based renewable energy developer ConEdison Solutions and California-based and SunPower have partnered to offer a solar leasing program to homeowners in the Empire State.
Under the terms of the partnership, ConEdison Solutions will own the leased systems and collect monthly lease payments from homeowners for terms of up to 20 years. SunPower will provide a 20-year limited warranty and production guarantee for each system.
The companies expect to begin signing up customers in August.
‘Increasing numbers of New York families are choosing solar leases, and we want to make their decision as easy as possible,’ says Michael Perna, vice president of ConEdison Solutions. ‘Through this residential lease program, homeowners may save on their electricity from day one after activation, with no upfront costs.’