Innovations in solar financing
September 4th, 2013 / By: Ed Sztukowski
How crowdsourcing is changing how we think about solar funding
Solar panels are more affordable than ever, but larger systems can still cost hundreds of thousands of dollars to install. Even smaller residential systems can prove unaffordable to some consumers, who might want to go solar but lack the funds.
That's too bad, considering that solar potential in the United States could generate over 399,700 terawatt-hours of electricity annually if enough solar systems were installed, according to the National Renewable Energy Laboratory.
In order to reach our full solar potential, we'll need to think up new, innovative solar financing methods to expand installations throughout the country. While loans from banks and local organizations have helped finance many projects, the future might belong to individual investors.