Sol Systems Launches Sol Lease Program in Washington D.C.

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Nov 02, 2010, 10:03 ET

WASHINGTON, Nov. 2, 2010 /PRNewswire/ -- Sol Systems is proud to announce Sol Lease, D.C.'s first solar lease option. Sol Lease is designed to help homeowners, businesses, non-profits, schools, and churches put solar on their roofs and enjoy immediate energy savings. Customers that take advantage of Sol Lease will receive a solar energy system to host on their roof with no upfront costs. They will then simply pay a small monthly payment (much like a car lease payment) and enjoy access to reduced utility bills for the contract term. Sol Lease customers will save an average of 15% on their current utility bills, and are likely to save more as electricity prices increase.

"We are proud to be able to offer Sol Lease, and we see this as a turning point. We are a DC-based company, and we live in the neighborhoods we're investing in. Success for the solar community means innovation in technology, but it also means innovation in finance. Sol Lease helps our installer partners change the equation and provide solar energy to many that otherwise couldn't secure it," noted Sol Systems CEO, Yuri Horwitz.

Sol Systems is currently offering Sol Lease on a pilot basis in D.C. Upon completion of the pilot phase, Sol Systems plans to offer Sol Lease at a larger scale and potentially in other markets.

For more information about the program, please visit www.solsystemscompany.com/solar-lease or email [email protected].

About Sol Systems

Sol Systems is a Washington D.C. based solar energy finance and development firm that was built on the principle that solar energy should be an economically viable energy solution. Sol Systems has helped over 1,200 customers finance their solar projects, ranging from 1 kW to over 1 MW. Sol Systems currently operates in Delaware, Indiana, Kentucky, Maryland, Massachusetts, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Virginia, Washington, D.C., and West Virginia and has partnerships in place with over 100 solar installers and developers. For more information, please visit www.solsystemscompany.com.