SAN FRANCISCO–(BUSINESS WIRE)–Sunrun, the nation’s leading home solar company, and PV Solar Report, an authority on solar market data, today announced that nearly 3 out of 4 Californians who go solar choose solar power service over purchasing a system. Also known as 3rd-party-owned solar, solar power service reached a record adoption level of 73.4 percent of the California home solar in February 2012. It first surpassed the option to buy a system in July 2011.
“Every consumer in today’s economy is looking for ways to save money, and now they can do that with a solar option that allows them to make the switch without owning the panels”
Sunrun invented solar power service in 2007 as a way for homeowners to go solar without spending $30,000 or more to buy the panels. Sunrun owns and maintains the panels and homeowners pay a low rate for power. The model increases local economic growth by infusing outside investment dollars into neighborhoods and communities. Consumers also have the added benefit of free maintenance and monitoring on their systems.
“Every consumer in today’s economy is looking for ways to save money, and now they can do that with a solar option that allows them to make the switch without owning the panels,” said Stephen Torres, founder and managing director of PV Solar Report. “This trend is taking hold on a national scale and PV Solar Report continues to track this and other critical data to provide up-to-date insight on how the solar market is growing.” Continue reading