If you've thought about putting solar panels on your roof but cannot afford the upfront costs a new Vermont company says it has a solution.
"Vermonters can now save money by going solar," said Duane Peterson of SunCommon.
Thursday, the folks at SunCommon launched an effort to attract homeowners to the alternative energy effort. The company will have customers lease the panels over 20 years.
"The way that works is from the get-go there is no money down so the average Vermont homeowner can put a solar system on the roof without paying any money out of pocket," said James Moore of SunCommon.
The company's co-presidents say 15 people are already signed up and they believe their approach could draw upward of 700 more homeowners in the next 10 months.
"Most Vermonters aren't used to paying for the next 20 years of electric power, but that's effectively what the solar industry used to ask people to do," Moore said.
The entrepreneurs say customers can switch to solar for the same amount or less than they're paying a month for electricity now. SunCommon says consumers will see big savings because solar customers will sign up at a fixed rate.
"As the utility prices increase over the years, they're protected from that because they have a fixed monthly payment for their solar power. So over the life of the panels they should save literally thousands of dollars by going solar," Moore said.
The startup is targeting customers by the masses to keep logistical costs down and is also able to tap into the sun's potential because of sizeable subsidies from the state and federal government.
Right now SunCommon is up and running in Chittenden and Washington counties as well as Stowe, with plans to go statewide.
SunCommon was born out of a yearlong pilot program at the Vermont Public Interest Research Group. Now, it is up and running on its own with 17 staffers.
Saturday, March 8 2014 10:21 AM EST2014-03-08 15:21:27 GMT
Two firefighters are recovering from minor injuries. They were injured while fighting a at the Bennett Farm on Route 15 on the Johnson-Cambridge town line. The fire started in a shed around 7:30 FridayMore >>
Two firefighters are recovering from minor injuries.More >>
Saturday, March 8 2014 10:20 AM EST2014-03-08 15:20:42 GMT
Friends are rallying around families who lost everything in an apartment building fire in St. Johnsbury. They immediately took to Facebook after hearing about this fire and started planning to collectMore >>
Friends are rallying around families who lost everything in an apartment building fire in St. Johnsbury.More >>
Saturday, March 8 2014 10:20 AM EST2014-03-08 15:20:05 GMT
Reporter: "What are some of the most common burn injuries that we see with kids coming into the hospital?" Jim Esdon, Dartmouth Hitchcock Injury Prevention Center: "This time of year, the glass frontedMore >>
We've had another cold week that's left homeowners cranking the heat. But what does that mean for kids' safety?More >>
Saturday, March 8 2014 10:19 AM EST2014-03-08 15:19:21 GMT
Armed with just two L rods, 87-year-old John Wayne Blassingame starts looking for water by asking yes or no questions. "Does it go past 20 feet, does it go past 30 feet, yah," he says. The rods crossingMore >>
A national organization based in Danville says it is providing resources to people in desperate need to find water.More >>
Saturday, March 8 2014 8:31 AM EST2014-03-08 13:31:36 GMT
The Governor is traveling to Rhode Island Saturday. His office says Governor Peter Shumlin will be at Brown University in Providence taking part in a forum with the Rhode Island Governor. While theMore >>
The Governor is traveling to Rhode Island Saturday. More >>
Saturday, March 8 2014 8:17 AM EST2014-03-08 13:17:30 GMT
We have some ideas for your Saturday. IRISH FESTIVAL The 19th annual Burlington Irish Heritage Festival kicks off today. There is a lecture about the role of Irish immigrants in the Civil War at theMore >>
Friday, March 7 2014 7:28 PM EST2014-03-08 00:28:44 GMT
Williston Police say, the powder was from a generic prescription medication. They say, the man was from Burlington and had the paperwork in his pocket with his medicine and that's how it got on there. More >>
Williston Police say, the powder was from a generic prescription medication. They say, the man was from Burlington and had the paperwork in his pocket with his medicine and that's how it got on there.More >>