Sanyo and Brightgrid partnership will make solar affordable for homeowners

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

BrightGrid Solar, a company that facilitates switching to solar energy for homeowners, is to offer financial programs for residential installations of the Sanyo solar panel system. As a provider of solar panels for over 30 years, Sanyo is known for its PV panels’ high density of power per square foot. Sanyo grows silicon ingots and makes wafers in its own factories in California and Oregon.

“We’re giving our customers two ways to save on a Sanyo Solar Panel system. First is financing. With the new Solar Lease program homeowners can afford to have the system installed and can start saving money on electricity in the first month,” said Charles Hanasaki, president of the Solar and Smart Energy division. “The other way they can save is due to the high power of the Sanyo Hit panels – because our panels produce so much electricity, they maximize roof availability so fewer panels are needed.”

Having passed the Ammonia test in June, in September, it was announced that Sanyo’s range of HIT N- and H-series solar modules had achieved the highest stress rating for salt mist corrosion as tested by TÜV Rheinland in accordance the IEC 61701 standard.

Earlier this month, Sanyo signed a deal with PV Tracker in order to mount 32 of Sanyo’s Hit power panels on PV Trackers’ 7.2DX dual-axis tracking system to produce power for an installation at the San Benito Smart Park in Hollister, California.

The Sanyo hit panels will be on display at Solar Power International 2011 in Dallas, October 18-20.

The Solar Lease Program is currently available only in select states: California, New Jersey, Arizona, Colorado, and Hawaii and is expected to roll out in additional states over the coming months.

Promoting the program is environmentalist and actor Ed Begley, Jr: “It’s no secret that I like clean, renewable energy – why not tap into energy that already exists (the sun) to produce clean, ‘green’ power and save money? Until now, homeowners have hesitated because solar has been too expensive. The solar lease program allows homeowners to install a world-class Sanyo PV system without making a huge capital investment.”

With Brightgrid’s Solar Lease Program, homeowners lease Sanyo’s panels rather than buy the system so that they can benefit from a solar energy system without the significant upfront costs.

The three solar lease options available to install Sanyo solar panels include:

1. Zero money down: no upfront expense; homeowners can reduce their current monthly electricity payment by becoming a clean energy generator.

2. Prepaid lease: customers may opt to prepay their solar lease payments for the next 20 years and enjoy the benefits of leasing without the hassles of system ownership.

3. Variable upfront payment lease: customers may choose to put some money upfront to further reduce their monthly electric bill and switch to clean energy. With this option, customers choose their level of savings.

“Installers get to offer a complete solution, with an easy financing option, for all residential solar projects,” said BrightGrid CEO Stephen Crawford.

Savings vary based on the configuration of the solar energy system and existing electricity storage. The lease agreement includes system output monitoring, theft and damage insurance, equipment repairs, inverter replacement, and a system output warranty.

19 July 2022
Free webinar - Hear an updated and live talk that was first delivered by PV Tech's Head of Research, Dr Finlay Colville at the PV ModuleTech conference in Napa on 15 June 2022: - The PV industry has moved beyond its legacy supply/demand dynamics: why has this happened? - ASPs can’t go down globally in the near to mid-term: why is this the case? - Is there new capacity coming to the rescue? - Has China’s polysilicon industry become a new PV pricing cartel? - Making products & deploying domestically in a TW annual landscape: how can the U.S. really do this in practice? - The real PV technology roadmap: why do only 2% of producers matter today?
19 July 2022
As New South Wales is gearing up to become a renewable energy superpower, an exciting clean energy event is coming to Sydney. Energy Next is a free-to-attend industry event focusing on the latest renewable energy and energy management technologies, which will be held from 19-20 July 2022 at the ICC Sydney in Darling Harbour. Organised by the same people behind the country’s largest clean energy event, All-Energy Australia, Energy Next will bring a quality exhibition and technical session series to NSW. Energy Next will also host the Clean Energy Council’s Solar Masterclass with a program developed for solar designers and installers. Across two days, Energy Next will provide an extensive exhibition, workshops and networking opportunities for those working in the renewable energy industry to meet with leading suppliers, discover the latest technologies and gain an understanding of how to successfully launch new clean energy projects.
20 July 2022
Join us for this free webinar on 20th July as Finlay Colville, Head of Research at Solar Media, provides a detailed update on the UK's solar industry today: Where is growth coming from, how much deployment is likely over the next 12-18 months? The large-scale solar farm pipeline at 40 GW and still going up – how much is getting built today? Commercial rooftops - the big story of UK solar in 2022; but is this just the tip of the iceberg? Why are PV module prices going up? What will happen in the next couple of years? The era of PV modules at 500 Watts and above: what is driving this?
21 July 2022
The rooftop solar PV market is set for significant growth, but installers are being held back by complicated design software that is slow, cumbersome and fails to take into account rooftop shading, module compatibility and energy storage. Huawei’s SmartDesign 2.0 is a web-based PV and energy storage system tool that promises to solve all of those issues, and much more. This webinar will provide a live demonstration of the SmartDeisgn 2.0 tool, showing how installers can quickly complete Huawei PV & ESS system designs and assemble a professional report with 3D site view for potential customers, streamlining the design and sales service.
27 July 2022
The corporate renewable market is growing rapidly driven by increasing focus on decarbonisation and sustainability. There are several procurement options already popular today – open access, rooftop solar, RECs and green tariffs. Some new procurement routes as well as technologies are emerging – VPPA, storage, round-the-clock PPAs etc. Each procurement option comes with unique benefits and challenges related to policy and regulatory framework, commercial feasibility, contractual terms, execution and operational aspects. This programme is designed to empower business managers with adequate knowledge and skills to analyse different procurement options and develop an optimal roadmap based on their individual needs. The programme will be conducted by BRIDGE TO INDIA team supported by leading experts from the renewable energy industry.
27 July 2022
As solar PV projects embrace large-format and bifacial PV modules, inverters are evolving to deliver benefits across all three main LCOE variables, namely Capex, Opex and yield. However, asset operators are also demanding more oversight of the health of their projects, in turn demanding even more from modern inverter technology. This webinar will discuss how modern solar inverters have evolved to keep pace with PV module technology, providing real-life examples of how GoodWe has solved challenges for solar project developers and asset managers.

Read Next

PV Tech Premium
July 6, 2022
The company behind a renewables project that will feature 7GW of solar PV and 5GW / 20GWh of battery storage in Morocco is progressing with offshore surveying for four high-voltage direct current (HVDC) cables that will eventually connect the installation exclusively to the UK.
July 6, 2022
Energy major Shell will start constructing a renewable hydrogen plant in the Netherlands that it said will be the largest project of its kind in Europe when operational in 2025.
July 6, 2022
US power distribution company Entergy Arkansas has issued a request for proposals (RfP) for 1GW of solar and wind resources.
PV Tech Premium
July 6, 2022
Mark Osborne assesses solar research and development spends of the last decade, contextualising the industry’s current transition to TOPCon and how it has been driven.
July 6, 2022
Polish developer R.Power is seeking a primary equity capital raise to fund its future growth plans in several European countries.
July 6, 2022
US PV developer Birch Creek Development has increased its existing credit facility with debt financing provider Fundamental Renewables to US$250 million to pursue its 5GW solar pipeline in the US and support its module procurement strategy.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 19, 2022
Free Webinar - 10am and 6pm BST
Upcoming Webinars
July 27, 2022
9am (UTC +2) / 3pm (UTC +8)
Solar Media Events
October 4, 2022
New York, USA