Equipment leasing has been used for much of the last century by airlines, railroads, utilities, oil and gas developers and other industries as a way to finance expensive equipment. Indeed, equipment leases and similar instruments account for more than $600 billion of business each year. This number is remarkable as it constitutes more than half of the investments into all business and nonprofit goods and software in the United States each year.

It is not surprising that equipment financing has become common in the solar energy sector. Such financing systems make solar energy more accessible, allowing customers across a broader range of income levels to buy solar electricity without taking on the large upfront cost of purchasing the equipment.

via Guest Post: Solar Financing Explained : Greentech Media.