28 million SMBs Could Now Go Solar

commercial-solar-building“There are more than 28 million small and medium-sized businesses in the U.S.—more than 99 percent of American businesses are SMBs—and very few have been able to use solar power affordably until now,” writes SolarCity. But so far, a big obstacle to overcome for SMB owners who want to go solar has been financing: SMBs don’t have access to the bond market and investment ratings like large businesses, and they don’t have FICO credit scores like individual people, making them kind of fall between the cracks of the system when it comes to these leases that need to be financed for multiple decades.

But SolarCity has figured out how to make the financing work, starting in California and eventually rolling out in the rest of the country. This, in combination with other ways to keep costs low.

Read more at Treehugger



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