California's Baker Electric Solar, a full-service solar integration company, recently announced it had formed an agreement with Clean Power Finance to support residential solar energy installations and give more people access to solar power.
Recent data from the Solar Energy Industries of America show that although the cost solar electric panels has fallen by 30 percent since 2010, 48 percent of Americans said cost is the number one issue that is keeping them from installing solar panels. By providing a broader range of financing options, Baker Electric Solar hopes to spread solar panel installations throughout the state.
"Expanding on our customers' project funding options to include the finance marketplace and solar sales software provided by Clean Power Finance allows us to design, estimate, quote and help each customer get the best financing fit for their solar installation," said Baker Electric Solar CEO Ted Baker. "Leases are helping an entire new market of solar energy adopters ‘go green.’ With diversified financing options, it’s getting easier to bring clean energy to a larger customer base."
California, where residents benefit from some of the best electricity rates for solar in the country, was recently surpassed by New Jersey for new solar installations.