As a world-leading supplier of solar energy solutions, Kyocera Solar, Inc. today announced the launch of its latest solution: Kyocera Solar Finance, a program designed to provide loan and lease options to consumers seeking light commercial and mid-to-large commercial installations. In partnership with De Lage Landen Financial Services, Inc. (DLL), Kyocera Solar Finance will offer up to 100 percent financing for qualified borrowers.
Drawing on 37 years of experience in solar panel manufacturing, Kyocera designed a financing program that delivers to qualified consumers the company’s industry-leading solar panels and up to 100 percent financing of the total project cost, including inverters, racking, wiring, installation and other costs associated with the system installation. This all-inclusive approach creates a streamlined process for customers ready to make the conversion to solar energy for the environmental and economic advantages it provides.
Based on familiar lease, rental and purchase agreements, Kyocera Solar Finance offers two viable financing solutions: loans and tax leases, both with distinct advantages. For projects $10,000,000 and lower, the loan option enables the end user to own the system outright, retain tax benefits and any qualifying local subsidies. Still relatively unique as a solar system financing model, a loan is an attractive option for buyers seeking to benefit from long term ownership of a 30 plus year energy system while not paying cash for the system up front.
Starting at $500,000, the tax lease model is a practical structure where an end user hosts the system, directly benefits from the energy produced and rents the system from De Lage Landen through the Kyocera Solar Finance Program. De Lage Landen, a provider of leasing, business and consumer finance solutions worldwide, will work with pre-qualified applicants to determine final terms of their financing arrangements based on the end-user’s credit quality and the need to cash flow lease or loan payments against avoided utility costs and incentive based revenue.
“To carry out our mission and meet consumer demand for photovoltaic (PV) installations, Kyocera formed a partnership with De Lage Landen to offer comprehensive financing solutions,” said Steve Hill, president of Kyocera Solar, Inc. “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.”
“Kyocera’s quality products and expertise in the marketplace made our partnership an easy decision", said Mark McGovern, General Manager, Clean Technology for De Lage Landen. "With a U.S. focused program, we aim to support Kyocera’s objective towards providing flexible and sustainable solutions to their customers.”
By securing financing directly through Kyocera Solar Finance, customers seeking light commercial and mid-to-large commercial installations will enjoy both the convenience of completing the process in-house and the assurance of Kyocera’s proven leadership in the solar industry. Kyocera, by repeatedly breaking cell efficiency records and producing the world’s first modules to have passed the Long-Term Sequential Test performed by TUV Rheinland Japan Ltd., remains at the forefront of solar energy innovation and reliability.
Source: Kyocera Corporation
Date: May 8, 2012