Customers of LADWP now have access to 20-year Solar Lease with no money down

OAKLAND, Calif., May 18 /PRNewswire/ — Sungevity, the leading online residential solar provider, today announced the Sungevity LA Solar Lease Program, which was designed by Sungevity specifically for residents of Los Angeles City and County who wish to save money on their electricity bills by going solar.

To help Angelinos see the benefits of going solar, Sungevity has estimated the savings for a number of celebrities from the Maps to the Hollywood Stars provided by People Magazine and other sources. Estimating the consumption of these stars and their families shows what a great deal it could be for them to go solar, based on calculations of their roof’s exposure to the sun and the electricity rates they are charged.*

In Los Angeles Department of Water and Power utility service area, where rates are different than surrounding counties served by other utilities, others who are less famous are still likely to experience savings from the sun. “The good news is you do not have to be a movie star to benefit from going solar,” said Danny Kennedy, President and co-founder of Sungevity. “Most Californians make money day one, when they sign for the Solar Lease. Nonetheless I am looking forward to getting a phone call from Justin or Jessica and seeing how we can help them get clean electricity straight from the sun! In the era of awful oil spills and rising energy bills it is good to have a solar option.”

“We are excited to be able to offer the residents of LA the opportunity to go solar with the best service in the business,” said Kennedy. “We have already sold more than 200 leases around California and have a long list of happy customers from the years before we offered the lease. Our mission is to make solar accessible and affordable for everyone, everywhere and the LA program marks an important step for us in making that happen.”

The financing for the lease will be provided by a U.S. Bancorp as part of a $24 million arrangement with Sungevity announced in March. The Solar Lease requires no money down with a 20 year term to maximize returns from the special rebate program within LA Department of Water and Power service area. Sungevity will guarantee any savings and provide free monitoring, free maintenance, plus free insurance for the solar system for the term of the Sungevity Solar Lease.

Sungevity has an easy online “iQuote” process, which enables Sungevity to use satellite images and aerial photography to assess customers’ roofs remotely and accurately determine the homes’ solar potential. This allows the company to furnish thousands of customers with a firm proposal to use solar power with no capital cost within 24 hours. Demand has been huge with over 1,000 iQuotes requested through www.sungevity.com in the last month alone.

The Solar Lease offer gives most customers savings from the start of their Sungevity Solar Lease. For many customers the electricity bill savings from the solar lease start immediately and increase significantly over time.

For more information about Sungevity please or to get a quote please visit: www.Sungevity.com or call 866.SUN4ALL (866.786.4255)

Posted by Danny Kennedy

Danny Kennedy co-founded Sungevity and now serves as strategic advisor. He is an internationally recognized opinion leader on climate and energy issues. He is the author of Rooftop Revolution: How Solar Power Can Save Our Economy - and Planet - from Dirty Energy (2012), a book that has been described as the clean energy manifesto for the next greatest generation.