PARIS--(BUSINESS WIRE)--Upsolar, a leading international provider of solar PV modules, today unveiled its new Pass Locasolaire program that enables homeowners across France to earn additional income by leasing the space on their rooftops for solar electric systems.
Qualifying property owners can earn revenue for up to 20 years by simply hosting an Upsolar-powered rooftop PV installation. Each system—ranging in size from 6 to 9 kWp—is owned and operated by Upsolar, and will feed clean power into the local grid.
During the first year of operation, Upsolar will offer participating homeowners up to €500 for rooftop rental. Each year thereafter, participants will receive a payment equal to 15 percent of the generated power’s value. Alternatively, participants will have the option to purchase their systems after one year of operation.
While rooftop lease programs have been a key part of growing the residential solar market in other regions, this model has been slower to catch on in France. Drawing on its experience developing high-quality modules and the relationships it has built with top installers in France, Upsolar is the first module manufacturer to offer French homeowners this alternative financing model.
“Our rooftop leasing program allows homeowners the unique opportunity to monetize an otherwise unusable area of their buildings. Essentially, we are rewarding participants for doing nothing while boosting France’s share of renewable energy,” said Sébastien Prioux, Project Development Director with Upsolar. “Consumers in France are already growing accustomed to sharing resources – everything from cars to PlayStations – to save money and live sustainably, and Pass Locasolaire is the logical next step.”
For more information on Upsolar’s rooftop leasing program, including eligibility requirements, please visit: http://upsolar.com/fr/.
About Upsolar
Upsolar develops and produces high quality solar PV modules at competitive prices, offering a secure long-term investment for customers around the world. Bolstered by a commitment to product R&D and support from its flexible manufacturing platforms, Upsolar ensures top-tier performance and reliability while maintaining an asset light approach to its business. All Upsolar products are backed by industry-leading product and performance guarantees to ensure superior performance over the lifetime of each system. Upsolar also champions environmental sustainability through key sponsorships and environmental initiatives. To learn more about Upsolar, its products or its sustainability efforts, please visit www.upsolar.com.
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