Florida Public Service Commission Allows Solar Company to Offer Residential Solar Equipment Leases

On April 20, the Florida Public Service Commission (PSC) met to review a petition for a declaratory statement filed by Sunrun, Inc. The petition sought a declaratory statement that Sunrun residential solar equipment leases did not constitute a sale of electricity; offering the leases would not make Sunrun a public utility under Florida law; and that the leases would not make Sunrun or its lessees subject to PSC regulation. Before this meeting, Sunrun only offered cash solar products that had to be paid for in full by customers. However, Sunrun wanted to offer a lease option whereby customers could sign a 20 year lease of solar panels. The price would be negotiated without respect to electricity generation. According to the lease terms, Sunrun would retain title to the equipment and receive tax credits and depreciation benefits. At the end of the lease term, the customer would have the option of purchasing the solar equipment at fair market value, renewing the lease annually, or…

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