REC Solar is offering zero money down solar leases and power purchase agreements (PPAs) to homeowners in Colorado, Arizona and New Jersey through Clean Power Finance's online marketplace.
Under the program, approved parties lock in electricity rates for 20 to 25 years and access third-party monitoring of their solar installation. All minimal maintenance requirements are managed over the life of the system as well. Insurance coverage is included to protect against damage or theft.
‘Low to zero down leases and PPAs extend solar access to a far broader range of homeowners in leading solar states,’ says Ethan Miller, general manager and vice president of regional business at REC Solar. ‘As innovative financing models drive explosive growth in residential solar, our partnership with Clean Power Finance will help us continue taking solar to the mainstream.’