SolarWorld Americas introduced a new no-money-down financing option for the company’s authorized installers and customers. Options include allowing residential customers to lease sunkits solar systems or defer payment until state and federal incentives come to fruition. Commercial customer and non-profit organizations will be able to select different lease opportunities or a power purchase agreement.
“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. “The advance in ready-made financing versatility leads American markets in addressing solar’s upfront costs – the only ones that matter in a technology requiring no fuel, moving parts, maintenance, emissions or labor to operate. The upsides to the pocketbook and planet alike begin accruing immediately.”
Currently, the residential lease option is only available for select Western states, although SolarWorld is continuing to investigate new financing options.