Making Solar Affordable

You know all this talk about going solar? How solar power could be one of the resolutions to our dependence on foreign oil? Well this morning on The Opening Bell I talked to the CEO of Solarcity. They provide solar power, one of the "hottest" alternatives forms of energy right now.

For years they have been selling solar panels but now they've figure out any even smarter way to sell power, they're leasing the panels. It's a brilliant idea and is gaining steam. Today they announced their expansion into Arizona. Now you can lease a solar panel, just as you would lease a car. Solar panels cost up to $20,000. Here's what you have to pay if you're in any area where you can lease solar:

For $70 a month you'll get a 2.4 kilowatt system (for a smaller home). The upfront costs right now depending on where you live is free until July 31. After that, upfront costs should be between $1,000 to $3,000. As Rive, the CEO of Solarcity says, " We can essentially make it so everybody can now afford clean power."

Take a look at my interview with Lyndon Rive.