Sunday, March 6, 2011

Solar Panels for Lease


This story is about leasing solar panels for 20 years at $4000. That's about $0.55 per day or about $15 per month for the next 20 years for utilities. This reduces the owner's electricity meter to zero or negative, which means the owner is producing more energy than they are consuming. The tax credit made available by the government is signed over to the leasing company. To me this is a great example of a quasi-public/private endeavor. Public utility company + tax credit + private solar company + consumer + private investor = mixed economy. It is the government providing the proper incentives to encourage private investment by the consumer and producer, which over all reduces (or eliminates?) the negative externality of consumption of electricity.

Why buy a solar panel when you can lease it? | Marketplace From American Public Media

No comments:

Post a Comment