Solar-panel leases surge; make sun power ‘available to everyone’ |

Solar-panel leases surge; make sun power ‘available to everyone’

Mark Jaffe
The Denver Post
The Denver Post/John Prieto

Myphuong Le was planning to buy solar panels for her Denver home until she crunched the numbers and decided leasing the panels was a better deal.

“We debated owning or leasing,” Le said. “But when you consider that service and replacement are part of the lease, it looked like a better deal.”

So Wednesday, a crew from SolarCity was on the roof of Le’s Laredo Street home installing solar panels.

More and more Colorado homeowners looking for solar-energy systems are making the same decision.

In the first half of 2011, almost 54 percent of the 5,851 kilowatts of solar panels installed on homes in the state were leased, according to the Colorado Solar Industries Association.

In the first half of 2010, 60 percent of the installations were customer-owned, association data showed.

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