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Solar Power is Taking Off

Solar power has plenty of potential but right now the start-up costs can be high—between $20,000 to $35,000 for solar panels—before rebates. But a new company called SunRun is looking to change all that. SunRun installs solar panels on customers’ homes but the panels are owned and maintained by the company; customers pay only for the electricity generated by the solar panels. After paying a small up-front fee, SunRun customers lock into a electricity rate that is lower than the retail utility rate. The company is obviously doing something right as they recently raised $12 million in venture capital funding.

Credit: CNet article

SunRun