Sun Run.......solar powered financing....anyone know anything about this?

2 ANSWERS

1. Tom Reeds
   

   Solar power can be used to light homes.Energy produced by solar or wind sources Energy produced by solar or wind resources is more expensive as compared to the energy produced by most utility supplied power.But nowadays there are different methods by which we can reduce the price upto half There are Federeal state, local and utility tax credits and incentives that may apply to many solar power.And for business a different depreciation schedule is also available.
    

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2. Guest9810
   

   Sun Run looks at your energy usage from the previous 12 months with PG&E (or other utility, but they mainly operate in Northern California). That helps indicate the size of the system (it will typically cover 80 percent of your usage), as well as your roof's capacity for holding solar panels and the available space. You can opt to go smaller, but not usually bigger because the California Solar Initiative gives rebates based on the system of the appropriate size for your home. You should ask 3 solar installers for estimates as to size and cost-- that's what recommended. SolarCity does something similar.
   
   Sun Run charges between $3,500 and $20,000 to install the panels. Sun Run meters customers' usage and charges 13.5 cents a kilowatt hour for the electricity the panels produce. Anything beyond what the panels produce is charged by PG&E but at a lower rate. That 13.5 cents is for the life of the system (about 20 years). Right now, California utility companies' residential customers typically pay 15 cents to 35 cents a kilowatt hour, and that rate increases periodically. Sun Run owns, maintains and insures the systems for 20 years, and the company says that customers will on average pay about 15 percent less over the life of the system than when purchasing solar systems with an upfront cost. They get all the rebates and take depreciation on the unit, which is why the cost can be lower than buying panels yourself.
   
   This financing method is called a power-purchase agreement, and it's used all the time in commercial solar systems but not as much in residential. The company seems pretty reputable, but I haven't purchased from them.

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