groSolar has been working with SunRun solar financing in MA and CA since earlier this year and during that time we have been trying to get the word out about this program because of the amazing benefits for homeowners. However, it seems like we always run into the following when we try to explain this program.

1. It’s too good to be true.
2. I just don’t believe it.

What people are having a hard time believing is that they can get solar electricity installed on their home for as little as $1,000 down. $1K versus the $25K or $30K it would otherwise cost out of pocket. The homeowner then has a flat monthly solar electricity payment that they are making to SunRun which doesn’t change for 18 years. Yep, fixed for 18 years, can your electric company do that? What happens at the end of the 18 years? You can purchase the system at a deep discount (you’ll be told what the system cost will be when you sign up at the very beginning), you can extend the agreement with SunRun or (gasp!) you could remove the system.  But hey, your system will be still be making clean electricity so why would you want to remove it?

Here is a link to a blog post from SunRun that explains this whole program pretty well and also provides a real world example of a couple in Needham, MA. Check it out here.