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Can you go solar? Leases, loans make it possible

By Jonathan Fahey
Published October 8, 2014 8:22pm ET
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Can you go solar? Leases, loans make it possible
In this undated photo provided by SolarCity, workers install solar panels on the roof of a home. SolarCity will begin offering loans to homeowners for rooftop solar systems, a move that analysts say could reshape the market for rooftop solar and propel its rapid adoption. (AP Photo/Courtesy SolarCity) | Uncredited

NEW YORK (AP) — A new financing offering could make home solar cheaper and more attractive to homeowners, and keep the adoption of home solar growing.

The offer, announced by SolarCity this week, is a loan that allows homeowners to install their own solar system on their roof for little or no money down, and pay less for electricity. Previous plans, while popular, turned off some because the solar company owned the system.

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