As she settles into her newly built three-bedroom home in Central City, Denise Patton is looking forward to getting her first utility bill in the mail. She can’t wait to see how much energy she has saved, thanks to the solar panel array installed on her roof.
“… Falling prices of solar panels have made the equipment attractive to consumers in recent years. But Harmony and other nonprofit developers have been able to afford solar panels, once considered too expensive and out of reach of such projects, through an initiative from Make It Right, which established a separate, for-profit entity to leverage the available tax credits and lower the upfront costs for others.
“Under the deal, Make It Right Solar buys the equipment and pays for its installation, covering up to 80 percent of the cost of the panels with federal and state tax credits. From there, developers are on the hook for the remainder of the cost, working out to about $5,000 to $7,000 per unit.”
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