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Big deal. They introduced the what is now called the "Financialization" of the solar panel. They weren't even the first to do this. https://en.wikipedia.org/wi
by delbel 11y ago
Big deal. They introduced the what is now called the "Financialization" of the solar panel. They weren't even the first to do this. https://en.wikipedia.org/wiki/Financialization https://en.wikipedia.org/wiki/Financialization You can do this to almost anything, here's a goofy example. I hate tying my shoelaces and they always come undone, but I can't justify spending $70 on Velcro shoes because of personal preference: basically I'd rather deal with the annoyances of tying my shoe then to fork out $70 for Velcro shoes at the moment. But, Wal-Mart sells a low quality Velcro tennis shoe for $10. The problem is it only lasts about 6-8 weeks before the it falls apart. But by converting the $10 shoe into a subscription service at $5 a month, a company can turn a shoe into financial instrument, and poof, magically it matches my lower price point and I can justify a $5 subscription instead of a $70 sale. So, for $5 a month, or $60 a year, I will receive replacement shoes in the mail every eight weeks. Like I said, that was a goofy example. Replace shoes with solar panels and subscription with a lease agreement.
- realusername 11y agoYeah, I don't really understand, "Financialization" of solar pannels has always been quite obvious (because it's an expensive and long term product) and almost every solar company has always proposed some options for that, I has been there since the birth of the industry.