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Solar Leasing Program
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September 12th, 2008Going Green
freEner-g (”free energy”) LLC, a residential solar leasing company, announced today they are seeking homeowners in the Minneapolis-St. Paul metro area for a new solar energy program. The new program is based on a leasing, installation and service package for a monthly fee and will allow residents to lease solar-generated electricity for the first time.The plus side of this, of course, is that because solar panel systems for your home can be quite expensive for the normal home owner, this will allow more people access to this free energy alternative. The costs of installing solar energy capability for residential homes can be $50,000 or more.
According to Gerardo Ruiz, founder and CEO of freEner-g,
“Our goal is to make solar electricity available for all consumers who want to use renewable energy, but may not be comfortable with the upfront cost of solar,” said Gerardo Ruiz, founder and CEO of freEner-g. “We are reaching out to Twin Cities’ residents who are committed to a sustainable lifestyle. The homeowners in the freEner-g program will definitely be the pioneers for residential solar leasing in this country.”
The freEner-g program requires no up-front installation costs for homeowners, who instead pay a depositThe freEner-g pilot program will last approximately fifteen months. Once 280 KW capacity of solar generation is installed, the pilot program will be completed. However, freEner-g will continue maintaining the installed systems and will begin delivering more solar home systems to a wider group of homeowners in Minnesota and elsewhere.The above pilot project is made possible in part by a $1.48 million grant from Xcel Energy’s Renewable Development Fund (RDF) that was recently awarded to freEner-g.