California, United States — Sungevity, this week, unveiled the Sungevity LA Solar Lease Program, which was designed specifically for residents of Los Angeles City and County.
The financing for the lease will be provided by a U.S. Bancorp as part of a US $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 L.A. Department of Water and Power (LADWP) service area.
“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 Danny Kennedy, CEO of Sungevity. “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.”
Sungevity said that it will guarantee any savings and provide free monitoring, free maintenance and cleaning, plus free insurance for the solar system for the term of the Sungevity Solar Lease.