Affordable Solar and finance company Sunnova Energy have announced a new solar leasing programme that includes installation, monitoring, repairs and insurance for a low monthly fee for homeowners in New Mexico.
The financing programme will provide homeowners with solar power systems that could allow them to save money on energy costs from day one without paying the upfront cost of the system, claims solar product distributor Affordable Solar. Customers will be able to select the panels and system sizes that best meet their energy needs and budgets
As an example, a 4.5kW residential solar system for a three bedroom home would initially cost approximately US$79 a month, with no upfront cost. The US$79 per month will be offset by a decrease in their electric bill. Customers could purchase the same system outright for US$18,000, not including federal and state tax credits.
“Affordable Solar is proud to have an innovative partner in Sunnova Energy Corp. This partnership will help bring energy independence to many New Mexicans that have been turned off by the upfront cost of solar, or their lack of tax incentives,” said Ryan Centerwall , general manager Affordable Solar.
“Sunnova is pleased to partner with Affordable Solar and to be the first to offer solar leasing in the New Mexico Market. New Mexicans will now have access to cheaper electricity through a solar lease for ZERO out of pocket expense. A Sunnova Lease allows you to lock in your electricity rate for the next 25 years, while utility rates continue to rise,” said Robyn Kenkel , account manager Sunnova.
“Customers have peace of mind that comes with a 25 year warranty, system monitoring, maintenance, and our Power Production Guarantee.”