Are AGL offering a great deal or bait?

Just to prove that energy giants can move with the times like the rest of us, AGL Energy, who only a few months ago described solar household tariffs as a ‘scam‘, has decided roll out a couple of new solar energy products.

One is happening now — a (sort of) solar leasing offer — while the other a promise to offer battery storage by the end of the year.

Similar leasing-style models have been very successful in the USA, and AGL join a long list of companies who have recently rolled out solar finance packages such as Energy Matters, Tindo and Sungevity. The option to pay for the energy produced, rather than the initial cost of the panels removes the hurdle of finding $5-$15k upfront, but cunningly locks the solar owner into a very long term contract with AGL.  [Read more…]