Pioneer Valley homeowners may benefit from joint venture of Honda and SolarCity® Reply

One wouldn’t think that there would be real estate related news in the automotive section of The New York Times, but I recently came across an item regarding a Honda pilot program with SolarCity.The program is simple.  SolarCity will install inexpensive solar systems for the recharging of Honda’s and Acura’s hybrid and electric cars.  Massachusetts is one of 14 states where the $65 million program will be available.

According to The Times, Honda projects that the program will fund the installation of 3,000 systems at zero to little up-front costs to the homeowner.  In exchange, the customer will sign a long-term contract where they pay a fixed-fee for electricity below what they pay the local utility company’s rates.  Of course, the Hampshire Council of Governments is already working to reduce electric rates through municipal aggregation, so it is unknown how those rates for solar will compete with those reduced rates.

The program could also have the added benefit of allowing for the expansion of the solar industry in general because it may open the door to more corporate investment in solar leasing companies, The Times reported.

If you are an energy conscious Pioneer Valley home shopper or are planning on selling your energy efficient home, make your first call to Michael Seward at 413-531-7129 or email  Michael Seward has earned the National Association of REALTORS® Green designation and has the knowledge to help you achieve your goals.  Representing home buyers and home sellers in the Pioneer Valley for 10 years, Michael Seward has sold homes from the Vermont border to the Connecticut border.

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