Mage Solar USA has formed a financing relationship with CIT Vendor Finance. Under the terms of the agreement, the two companies have established a programme that will ease the financial concerns of installers and commercial users of Mage’s systems.
“We are excited to announce the launch of this new financing programme and to establish a relationship with Mage Solar,” said Ron Arrington, global president of CIT Vendor Finance. “This transaction represents CIT Vendor Finance’s first agreement within the alternative energy sector, one which continues to experience significant growth.”
In addition to the affordable financing and flexible payment terms offered, the programme also allows customers to offset monthly payments with the energy savings derived from the progressive conversion to Mage products.
“Being able to offer this programme in partnership with a strong and innovative market leader like CIT is a great tool for our integrators,” said Mage’s president, Joe Thomas. “In addition to our quality systems solutions, our integrators can now also offer a smart financing option that is perfectly tailored towards the needs of the commercial end-user.”