Kennedy discussed Sungevity and solar lease economics and described a foreign solar panel installation in the Maldives, working next to President Nasheed on the Mulee Aage palace roof.
A PRNewswire release from Sungevity on May 16, 2011, “Lowes Selects Sungevity For Residential Solar Partnership,” announces their solar lease partnership, but says it will initially be available only in the eight states Sungevity is active in now, “Arizona, California, Colorado, Delaware, Maryland, Massachusetts, New Jersey and New York.”
I noticed a story about Sungevity back in 2008 and tested their satellite measuring and online estimate demo on San Francisco’s Lombard Street, “the crookedest street in the world.” They were just starting out and only operating in San Francisco at the time.
Since then, they’ve expanded to the Los Angeles area and made a deal with DWP to give their customers a 20-year lease instead of Sungevity’s standard 10-year term. Also, Sungevity is in the eight states in the U.S. mentioned above, and are primed for expansion nationwide and offshore thanks to their ability to make distant estimates remotely with their satellite technology. Their system also automates the paperwork filings needed for installation.
Another advantage is their zero down lease and strong system warranty.
The Sungevity blog contains this interesting tidbit from a post titled “Lost in transmission“:
“Two new studies challenge the immediate necessity of a national supersmartgrid. The National Renewable Energy Lab announced in May that the power grid in Arizona, New Mexico, Wyoming, Colorado and Nevada could carry 35% renewable energy by 2017 without any substantial new infrastructure.”
Take that, gridheads!
Here’s a YouTube video, “President Nasheed of the Maldives Installs Solar on the Muleeaage.”