Leviton abandoning solar-leasing program
Photo credit: Joseph D. Sullivan | Leviton exec Jay Sherman, right, with spokesman David Edison Sloane, said the leasing program didn’t gain expected “traction.” (Aug. 3, 2012)
Leviton Manufacturing, the Melville electric-products maker that recently recruited the great-grandson of Thomas Edison to herald its entry into the solar leasing business, has abruptly changed course.
The reason for discontinuing solar-leasing operations, according to a company official: The market wasn't as large as anticipated.
"We've been monitoring how much traction we've been...
