SunWorks Inc (SUNWQ)

[Grizzly22]

Anyone want to talk about solar panel leasing? SUNworks provides financing and the leasing of panels. I know a lot of the solar installation companies provide this financing and some provide the leasing of panels. The big one that comes to mind is solarcity.

How does this work? Sunworks would lease the panel to a customer for a set number of years and when this lease is up SUNworks owns the panels? Do they try to re-lease them back to the customer after this? Or do they sell the energy back to the grid? I know there are a lot of legal issues surrounding reselling excess energy and the laws should change significantly over the years. But it's an interesting concept and would be a continuous source of income.

It's a great business model to make money off the initial installation of a panel and then the company still owns the product for long term use. That would be a major asset to actually own a bunch of these panels. And the customer lowers their energy costs so it's a good deal for everyone.