PG&E of California has formed a subsidiary to provide $60 million in financing for installation of solar electric systems at up to 1,000 homes and businesses.
The program will finance 100% of the installation for homeowners, who will lease the system from designer/installer SolarCity and participate in power repurchase agreements. PG&E gets the lease financing revenues, plus keeps all federal, state and local tax credits and incentives.
The program is believed to be the first of its kind in the nation.
As we've said before, this is the model smart utility companies should be pursuing. Instead of centralized control, utilities such as TVA should be looking at ways to capitalize on the transition to distributed power generation.
- Foster Arnett Parking Space + News Sentinel Removed Story (48 replies)
- Ijams rope course death (6 replies)
- Rep. Womick doubles down v. U.S. Supreme Court (13 replies)
- Brewery, coffee roaster, others opening in South Knoxville (3 replies)
- Haslam lays out plans for statewide road revenue tour (12 replies)
- Foster Arnett: Hacked or unhinged? You decide (112 replies)
- McIntyre's week in review (5 replies)
- 50th anniversary of Medicare (1 reply)
- City Council at Large Race Seat C (9 replies)
- Arnett comes out of hiding (39 replies)
- Proposed ozone rules grab East Tennessee mayors' attention (6 replies)
- Kroger Seasoning Recall includes Knoxville Area (2 replies)
- Jul 31 2015 - 7:30pm (14 hours 5 min from now)
- Aug 7 2015 - 7:00pm (1 week 13 hours from now)
- Sep 11 2015 - 6:30pm (6 weeks 13 hours from now)