Americans in nearly a quarter of all U.S. states will be able to go solar while skipping the big upfront costs of buying a system thanks to SolarCity’s recently announced expansion of residential solar leasing to Maryland and Washington, D.C. The California-based company will open up shop in those locations in mid-February.
SolarCity has acquired Clean Currents Solar, the solar installation division of leading Mid-Atlantic based independent green energy company Clean Currents LLC, and will serve Maryland and the District of Columbia from its new operations center in Silver Spring.
“Clean Currents has built a strong, local installation team that we will grow to bring zero-down solar leasing and a range of other clean power and energy efficiency options to Maryland and Washington D.C.,” said Lyndon Rive, SolarCity’s CEO. “This partnership should significantly increase solar and energy efficiency adoption in the Mid-Atlantic region.”
SolarCity provides homeowners and businesses a single source for solar power financing, design, installation, monitoring, repair and energy efficiency services. The company pioneered solar leasing in 2008 with SolarLease®, which allows homeowners and businesses to install and use solar power with no upfront cost, and pay less each month for solar electricity than they previously paid for electricity from the power company.
SunRun, which works with local solar installers to provide the so-called third-party financing that allows consumers to sign up for solar leasing, and Sungevity, another California-based company, are the other two big players in the U.S. residential solar leasing market currently.
With the addition of Maryland and Washington, D.C. to the list in mid-February, residential solar leasing will be available in 11 states and the District of Columbia. These states are:
Arizona, California, Colorado, Connecticut, Hawaii, Maryland, Massachusetts, New Jersey, Pennsylvania, Oregon, Texas and the District of Columbia.
However, residential solar leasing is available only in select areas of each of the above states and locations.