Grid opens offering to more low-income households

Grid opens offering to more low-income households

Oakland-based non-profit solar installer Grid Alternatives has linked up with financing platform Clean Power Finance (CPF) to widen its residential solar leasing offer to low-income families.

Grid, the U.S.' largest non-profit solar installer yesterday (Thursday) announced it has become a channel partner of San Francisco-based CPF, which matches investors with third-party owned solar installations.

By joining forces with CPF, the third-party owned rooftop systems installed on low income households by GRID will qualify for federal tax credits, making them a more attractive investment for the households in question.

The rooftops will also benefit from maintenance and monitoring by CPF, which has raised more than $1 billion from investors for third-party systems since its foundation in 2006.

The deal will allow GRID to expand its service to hundreds more low-income households in California, Colorado, New Jersey and New York.

SolarCity in New Mexico

With solar leasing the fastest growing segment of the U.S. solar market, the nation's biggest third-party installer, SolarCity, on Wednesday announced its arrival in its 16th state – New Mexico.

Promising to create 50 new jobs with a planned solar operations center in Albuquerque, which is set to open this month, the San Mateo-based leasing company predicted on Wednesday its MyPower solar loan would immediately become "the most affordable residential solar power option in the state."

SolarCity installations will initially be made available to customers of utility the Public Service Company of New Mexico (PNM) in Albuquerque and Santa Fe and of the El Paso Electric Company in Las Cruces.

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