SOLARCITY GOES FOR THE HUGE SMALL BUSINESS MRKT

SolarCity launches plan to bring solar power to small and midsize firms

Ivan Penn, July 28, 2015 (LA Times)

“SolarCity Corp. wants to deck the rooftops of small and midsize businesses with solar panels by offering a new financing strategy to a market that the company says has largely gone untapped…Companies that lease the solar panels from SolarCity would be able to save 5% to 25% compared with their current electric bills…Businesses with potential for solar arrays of less than 500 kilowatts made up less than 40% of commercial solar installations in the first quarter of 2015. Solar arrays under 100 kilowatts were less than 10% of commercial installations…SolarCity's target is businesses that would use small solar arrays ranging from 30-kilowatt systems that a mom-and-pop store would use to a 500-kilowatt system designed for a warehouse or storage facility. The company plans to make the leasing plan available to businesses first in California and then expand in the next year...” click here for more

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