Abound Solar and Key Equipment Finance, part of KeyCorp, have joined forces for a new program that will fund commercial-scale solar PV systems for Abound’s US customers. Abound will be able to offer flexible financing for PV systems with the company’s CdTe solar modules. This will include the cost for balancing the systems components and installation services.
“The addition of a comprehensive finance program is one more example of Abound Solar’s commitment to making solar electricity more accessible to companies interested in using clean, renewable sources of energy,” said Adam Warner, president of Key Equipment Finance. “Abound Solar is built upon the idea that better technology can reduce the cost of solar electricity, and this finance program will make it easier for government entities, retailers and other commercial customers to obtain that technology while conserving cash.”
With this new financing option, Abound hopes to allow its customers the ability to match the expected cost savings from solar panels to the cost of payments, all while allowing the end-user to keep the tax benefits from being a system owner. The program allows for transaction sizes between $100,000 to millions of dollars.