Helio mU Introduces The Helio Green Energy Plan For Residential Solar Power With No Upfront Costs



The homeowner only pays for the power the system on their roof generates.

by Staff Writers



Berkeley CA (SPX) Jun 25, 2008



Helio Micro Utility has announced The Helio Green Energy Plan, a revolutionary way for homeowners to go solar. Unlike a traditional photovoltaic system purchase that relies on a large cash investment or financing, the Helio Green Energy Plan does not require an upfront payment for panels.

Consumers pay only for solar electric power -- not panels -- at pricing below their utility's electric rates. The Helio Green Energy Plan is initially available to homeowners in Santa Monica and other select California markets.

Helio mU Chief Executive Officer Mo Rousso will unveil the program at tonight's Solar Santa Monica summit on financing residential solar power systems.

"Financing a residential solar panel system, particularly in our current economy, has been the major stumbling block for even the most enthusiastic green consumer," said Mo Rousso.

"The Helio Green Energy Plan puts the power of choice into the hands of the consumer. Now they can save money and the environment. The program will also greatly accelerate the adoption of solar power in California."

The Helio Green Energy Plan is based on a financial model successfully utilized by commercial and government electricity users. "We set out to create a way for homeowners to buy green power at a lower price than brown," said Gregory Rosen, HmU's Vice President of Project Finance.

"The Helio Green Energy Plan accomplishes this mission and much more. The homeowner only pays for the power the system on their roof generates. This power is based on a fixed rate. There is no upfront system cost to the homeowner to install and manage the solar panels on their roof. All maintenance and monitoring is provided with no charge to the homeowner."