Kyocera Solar launched the Kyocera Solar Finance program, which aims to provide loan and lease options for customers looking to install light to mid-to-large commercial solar installations. The program is run in partnership with De Lage Landen Financial Services with Kyocera offering up to 100% financing for qualified borrowers.
The program will offer up to 100% financing on the total project cost, including inverters, panels, racking, wiring, installation and other costs associated with the system installation. Based on common lease, rental and purchase agreements, Kyocera Solar Finance will give customers two financing solutions: loans and tax leases. For projects US$10,000,000 and lower the loan option will allow the end use to own the system outright, retain tax benefits and any qualifying local subsidies.
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Conversely, the tax lease model starts at US$500,000 and allows the end user to host the system while benefitting from the energy it produces. The user will rent the system from De Lage Landen through Kyocera’s finance program and will see De Lage Landen work with pre-qualified applicants to determine final terms of the financing arrangements. The end-user’s credit and need to cash flow lease or loan payments will all be considered against avoided utility costs and incentive-based revenue.
“To carry out our mission and meet consumer demand for photovoltaic installations, Kyocera formed a partnership with De Lage Landen to offer comprehensive financing solutions,” said Steve Hill, president of Kyocera Solar. “Our goal is to bring solar energy to the world, and with Kyocera Solar Finance we are able to help more consumers gain energy independence through clean, solar-generated electricity.”
