Sol Systems, a solar energy funding and development company, has declared the availability of Sol Lease, a solar lease facility. The lease facility is introduced for the benefit of non-profit institutions, homeowners, churches, schools and businesses.
The company will install roof top solar systems over the premises of the clients who opt for the lease facility. The systems will be installed without any initial investment from the clients and the clients will pay a nominal lease amount for utilizing the power produced from the system for the period of contract. The lease facility saves the clients from the vagaries of cost escalations in power pricing and allows the clients to save an average of 15% on their monthly power utility bills. Currently the company has extended the lease facility as a pilot project for the clients living around D.C. area and is looking forward to extend the facility in other markets.
Yuri Horwitz, CEO of Sol Systems, said that his company visualizes the offering Sol Lease as in important turning point. He added that his company is based in DC and wants to invest in its own locality first. He further said that his company wants to practice innovation in funding to allow solar power facility to every one including those who otherwise will not be able to have it.