Affordable Solar, Sunnova launch leasing program in New Mexico

first_imgAffordable Solar, Sunnova launch leasing program in New MexicoAffordable Solar and Sunnova Energy Corp. are offering residents of New Mexico a new solar panel leasing program that promises fixed, long-term rates and lower prices than current electricity costs. May 27, 2013 Edgar Meza Installations Legal Manufacturing Markets Markets & Policy Share Affordable Solar and Sunnova Energy Corp. have unveiled a new solar panel leasing program for residential customers in the U.S. state of New Mexico, offering many homeowners the opportunity to access solar energy for less than the monthly cost electricity.The Albuquerque-based Affordable Solar said the financing program would provide New Mexico residents “with solar power systems that can allow them to save money on energy costs from day one without paying the upfront cost of the system.”Customers will have the opportunity to select the solar panels and system sizes that best meet their energy needs and budgets.The 25-year lease option includes installation, monitoring, repairs and insurance for a monthly fee. A 4.5 kW residential solar system, typical for a three-bedroom home, would initially cost about $80 a month (€62) with no upfront cost under the plan. The monthly payment would be offset by a decrease in the household’s electric bill. Customers could purchase the same system outright for $18,000 (€32,900), not including federal and state tax credits.The lease program is only available to New Mexico property owners through Affordable Solar.Popular content The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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