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Constellation Energy Devlops Solar Leasing Program

Brian Hicks

Written By Brian Hicks

Posted September 8, 2011


UPDATED: Visit our resource page for updated information on investing in the solar sector.


Constellation Energy (NYSE: CEG) announced last week they will offer solar panel leasing programs to residential customers in Maryland, New Jersey, New York, Massachusetts, Ohio and Pennsylvania.

The leasing program is intended to make solar power an option for homeowners. Not to mention the program is affordable with two available options of little-to-no money down or a prepaid lease for a 20-year period. Solar technology is expensive, but programs like this actually make residential use of the technology possible.

“Leasing can sharply reduce the upfront costs for solar, and in this economy that’s an important consideration,” said Mark Huston, head of Constellation Energy’s retail business.

Maryland residents can take advantage of this offer by going through Constellation’s subsidiary BGE Home. Homeowners can choose solar panels that fit their needs and budgets.

Use of solar energy in a home can drastically reduce the cost of electricity and make the home more efficient.

“On average, a solar installation can help supplement 40-50 percent of household electricity use,” said Kevin Klages, president and CEO of BGE HOME.

Constellation Energy owns and operates about 96 megawatts of solar installations that have either been completed or are under construction throughout the U.S. The company is a competitive supplier of natural gas and energy for businesses and homes across the U.S. They are also one of the leaders for use of clean and environmentally safe energy practices.

Klages said the goal of Constellation “…is to provide a seamless experience for customers, by making solar an easy and affordable option. Every solar installation is personalized to meet the needs of each customer, supported by an electricity production guarantee and comprehensive warranty.”

That’s all for now,


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