According to the company this integrated solar energy system produces thrice the amount of energy as compared to a basic solar system, saving homeowners in both electricity and water bills.
WGL Holdings has agreed to provide lease capital to homeowners who wish to purchase EchoFirst’s integrated solar energy system.
Up to $50m will be provided for the deployment of the said systems across US.
Funding will be made available through WGL Holdings’ wholly-owned subsidiary, WGSW Inc., and according to the company will bethe nation’s first combined solar electric and solar water-heating lease.
WGL Holdings chairman and CEO Terry McCallister said that this unique lease structure will allow homeowners to save more on their utility bills with no upfront cost involved.
Alongside its partnerships with American Solar Direct and Skyline Innovations and those of its own subsidiary Washington Gas Energy Systems, WGL Holdings now offers both solar photovoltaic and solar thermal solutions to its residential and commercial customers alike.
