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Now You Can Walk Into A Best Buy And Get A Solar System For Your Home
Now You Can Walk Into A Best Buy And Get A Solar System For Your Home | ThinkProgress
SolarCity and Best Buy have just announced a deal allowing customers to get low-cost and low-hassle solar power for their homes.
It’s what’s called a third party leasing agreement. Rather than purchasing a solar array outright, they lease the system from the provider — SolarCity, in this case. It’s just that the system is installed on the roof of the homeowner. The benefit for the customer is they don’t have to worry about installation and maintenance — the provider handles that — and there are no big upfront costs. The customer just pays the provider a set amount each month for the electricity, and that cost is usually slightly lower than the going market rate.
Meanwhile, as the provider, SolarCity gets a guaranteed revenue stream for whatever period of time the lease agreement covers. Partnering with Best Buy allows SolarCity to make use of the chainÂ’s already-existing network of stores to reach as many customers as possible.
Upfront costs, maintenance, permits, and installation are among the major logistical hurdles that often prevent people from taking advantage of solar power for their homes. A firm with assets and logistical capabilities like SolarCity is much better positioned to take care of those problems, creating a much smoother process for the customer. Many people have the wherewithal to purchase their own solar systems that they own outright, but that model is not for everyone.
Here's the goal....Everyone on usmsb go down and buy solar!