Constellation Energy has initiated its solar panel leasing program for residential customers in Maryland, New Jersey, New York, Massachusetts, Ohio and Pennsylvania. Customers in Maryland will have the solar offer conducted through Constellation’s subsidiary, BGE Home.
“Leasing can sharply reduce the upfront costs for solar, and in this economy that’s an important consideration,” said Mark Huston, head of Constellation Energy's retail business. “For qualified residential customers whose homes meet the requirements for sun exposure and roof area, solar can have a considerable impact on reducing their electricity costs.”
Constellation maintains that its customers will be able to install a solar array with little-to-no money down or through a prepaid lease with a 20-year term. Additionally, residential customers will be allowed to choose the solar panels and size that will best fit their needs and budget.