The Massachusetts Dept . of Energy Resources has released a long awaited report on the economic impacts of Residential PV ownership vs. those for the Third Party lease model.
The report was done by an objective group of consultants using an apples to apples comparison strategy.
Over the last couple of years 52% + of installed residential PV systems in Massachusetts are really owned by out of state companies who lease them to residents in various kinds of deals that typically involve 15 to 20 year terms wherein the homeowner makes monthly lease payments or pays for the solar electricity produced. These deals have seemed attractive to homeowners because they require little or no money down and because the solar sales pitches from these national solar firms are loaded with exaggerated savings factors. The solar lease model has been heavily promoted through the DOER sponsored Solarize program.
Our firm has not offered these lease or power purchase plans; we knew they were a bad deal for the homeowner and the national firms asking us to represent their offers seemed too pushy. In fact a few of them told us if we did not offer their deals to our local customers we’d be driven out of business….
Well we’re still going strong offering the direct ownership model . This report has many proofs why the BPVS style of responsible design and sale of PV is right for Massachusetts homeowners.
Consider the first bullet point from the report summary: ” Direct Ownership results in a substantially higher economic benefit for the homeowner”
The report shows in detail that the homeowner will realize a ten times higher economic benefit from owning their solar electric resource and thats with the PV installer offering the standard 5 year system service warranty.
A PV system from BPVS comes with a ten year service warranty. We use the highest quality components made by responsible brand name US and European manufacturers with extended product warranties. If you’re looking for value , contact us we’re your local PV experts with 29 years serving the solar electric needs of the region.
Posted By: cdk . (2013-10-03)