Sungevity Introduces LA Solar Lease Program

Online residential solar provider Sungevity has introduced the Sungevity LA Solar Lease Program, designed for Los Angeles County and City residents who intend to save on their electricity expenses by switching to solar energy.

To help realize the potential benefits of switching to solar energy, Sungevity has provided estimated savings for several celebrities residing in Los Angeles from the Maps to the Hollywood Stars offered by sources such as People Magazine. Estimating the energy savings for these stars gives an idea about the potential benefits of switching to solar energy.

The service area of the Los Angeles Department of Water and Power utility is known to be an area where rates differ from neighboring counties supplied by other utilities. The potential savings from Sungevity’s program not only benefits the celebrities but also the common public as well.

Co-founder and President of Sungevity Danny Kennedy stated that the company has already sold over 200 leases in the California-area. The company’s aim is to provide customers with affordable, accessible solar energy. To this end, the Sungevity LA Solar Lease Program serves as an ideal solution.

A U.S. Bancorp will offer the financing for this lease under an arrangement valued at $24 million with Sungevity. Throughout the entire period of the Sungevity LA Solar Lease Program, Sungevity will offer free cleaning, maintenance and monitoring as well as free insurance meant for the solar system.

Sungevity has an online "iQuote" procedure that facilitates the company to utilize aerial photography and satellite images for remotely assessing the roofs of customers and precisely determining the solar potential of homes.


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