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.
- Interesting background on new Attorney General (22 replies)
- Burchett: McIntyre needs to go (31 replies)
- Alexander agrees to debate Ball (1 reply)
- High profile investor: Charter schools are a business (1 reply)
- Most educated town in every state (1 reply)
- Urban Outfitters, Kent State sweatshirt - what were they thinking? (10 replies)
- City of Alcoa-Sam's Club first step in New Urbanism? (6 replies)
- Gordon Ball kicks off statewide U.S. Senate campaign in East TN (3 replies)
- KnoxViews exclusive: U.S. Senate candidate Gordon Ball on the issues (22 replies)
- Social Security garnished for student loan debt (36 replies)
- TN Supreme Court names new Attorney General (9 replies)
- 2014 Shootings in Knox County, TN (60 replies)
- Sep 17 2014 - 12:00pm (11 hours 40 min ago)
- Sep 23 2014 - 6:15pm (5 days 18 hours from now)
- Sep 23 2014 - 7:00pm (5 days 19 hours from now)
- Sep 25 2014 - 6:00pm (1 week 18 hours from now)