Suniva to offer commercial-scale solar leases

Cell and module manufacturer Suniva has signed a customer finance agreement with Technology Credit Corporation (TCC).

The agreement will allow Suniva to offer its customers leases and power purchase agreements (PPAs).

TCC has already backed 300 commercial-scale PV systems in the US.

“The US solar market continues to experience rapid growth, and in an effort to maintain this momentum with our diverse customer base, Suniva has partnered with TCC to help provide applicable customers with innovative financing options," said Matt Card, vice president of global sales and marketing, Suniva.

“TCC's expertise in providing financial packages allows us to expand the customer segments to which we sell while yielding a cash-positive solution for our customers; this is a win-win situation,” claimed Card.

Mark Schmidt, VP of business development at TCC said the said the loans would be targeting community groups.

“We believe that the high-quality, Made-in-the-USA story will be extremely attractive to our target customers: community non-profit organisations such as schools, houses of worship, homeowners associations, and health service providers,” he said.