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Florida Regulator Clears Vivint Solar to Offer Residential Solar Leases

The Florida Public Service Commission clarified that Vivint Solar Developer LLC can offer residential solar equipment leases in the state, according to the agency’s Aug. 7 press release. The commission agreed that the company’s 20-year, fixed-payment lease is not a retail sale of electricity. Vivint Solar proposed the lease as a financing option to homeowners who are not prepared to or cannot afford to pay upfront for solar installations. At the end of the lease period, customers may buy the equipment at fair market price, renew their leases annually, or request removal at no extra cost. Last year, the state enacted legislation permitting the leasing of distributed energy generation systems.

August 7, 2018
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