news.cnet.com — Solar panel financing company, SunRun, said on Tuesday that it has raised $12 million from Foundation Capital. The San Francisco-based start-up is one of a handful of new companies looking to make solar panels an easier purchase for consumers through financing. Rather than buy the panels, SunRun customers buy the electricity the panels generate.
Jun 24, 2008 View in Crawl 4
packetscanJun 24, 2008
Hmm people sell their roof space for very little savings.. Let me think about it.. -Yep smells like crap.
huskypuzzleJun 25, 2008
The coolest thing with all these solar projects are these huge facilities they're building in Nevada, that are going to create enormous amounts of electricity by heating water with focused mirrors and making steam. Crazy technology and very exciting.
obliviousfoolJun 25, 2008
One of the appeals of solar seems to be how it would decimate the energy monopolies. You wouldn't have that bill hanging over your head. We have the opportunity to take that power away from the electric company. Here is an example of a company trying to set up a scenario which takes that power back. Energy monopolies are very 20th century. Let's move on already!
ozidJun 25, 2008
This has benefits outside of saving money. Reducing the strain of power plants, especially in california, is a huge one.If it were me, I'd just buy them, though.
barackalypseJun 25, 2008
Awesome, because my GM Volt electric car should be ready in only 2!
kyanJun 25, 2008
I just know woodburning is going to be so awesome.
westbay1Aug 26, 2008
This is what is called a "Power Buyback Agreement" or PBA. GE Capital is getting into this field as well since the concept will give these conglomerates residual income for years. They install the equipment... they own the equipment... and they sell their power back to you at a fixed rate for a LONG term. They then get to reap the benefits by selling the excess power back to the grid (when possible) to cash-in. For lease-to-own programs where you actually own your equipment (and power) at the end of a short-term, check out <a class="user" href="http://www.squidoo.com/alternative_energy_equipment_financing">http://www.squidoo.com/alternative_energy_equipmen ...</a> ... commercial financing options are readily available, with residential and consumer options growing daily. Be VERY wary of these companies offering financing arrangements like this... these will be the energy monopolies of the future with GE in the driver's seat. Most of these solar power and alternative energy systems pay for themselves aft