SolarCity Introduces Colorado State’s First Zero-Down Solar Lease

SolarCity, a national leader in solar financing, design, installation and monitoring, announced this week its expansion to Colorado, and availability of its SolarLease option to Colorado homeowners. SolarLease is the first solar financing option available in Colorado that allows homeowners to put no money down when installing solar. With this program, the company says home owner save money from day one because the electricity bill savings enabled by SolarLease are typically greater than the monthly lease payments.

With pricing for a 5 kilowatt solar system in Colorado — appropriate for a typical three- or four-bedroom home — starting at $45 per month with no upfront cost, on approved credit, this sounds like a pretty amazing deal. SolarLease includes custom design and installation, the company’s SolarGuard proactive monitoring service, repairs and insurance.