SolarWorld launches Solar Financing Program allowing No-Money-Down options for Installers and their Customers
SolarWorld solar financing program features options tailored to residential, commercial and nonprofit segments
SolarWorld Americas unveiled last week a pioneering suite of no-money-down solar financing options that the company’s authorized installers and their customers can seize to speed their solar projects over initial cost hurdles and onto economic and environmental savings. The SolarWorld Financial Solutions program delivers solar financing options from outside financial-service partners. SolarWorld customers can now receive solar financing solutions that allow them to immediately install solar without the significant upfront system costs.
SolarWorld Americas' initial solar financing offerings enable residential customers to lease Sunkits solar systems or defer payment until state and federal incentives can be realized. Commercial customers and not-for-profit organizations can select among various solar leases or a power purchase agreement (PPA). Under a PPA, a third party finances a solar system for a property owner; in turn, the property owner pays the financier for the system’s power at a discounted rate. SolarWorld's residential lease program is currently available only in select Western states.
“This portfolio provides a broad range of options for a variety of customers to ease financial access to solar projects,” says Kevin Kilkelly, president of SolarWorld Americas.
“We’ve been a loyal partner of SolarWorld’s technology for years,” says Jose Luis Contreras, president and co-founder of Solar Energy Inc. of San Diego. “Its new solar financing portfolio, combined with leads we receive from the company’s aggressive marketing, will further the distance we can put between ourselves and competitors who sell solar products that come with little, if any, manufacturer support."