Key Equipment Finance, an affiliate of KeyCorp., has teamed with Abound Solar, a manufacturer of cadmium telluride thin-film photovoltaic solar modules, to create a new program to fund commercial-scale solar photovoltaic systems for Abound Solar's customers in the U.S.
The relationship with Key Equipment Finance will enable Abound Solar's integrators to offer financing of complete photovoltaic systems using the company's solar modules, including the cost of the balance-of-system components and installation services. By offering a finance option, Abound Solar is enabling customers to match the expected cost savings from the solar panels to the cost of the payments, while allowing the end user to retain tax benefits of system ownership, the companies explain.
The program can accommodate a variety of transaction sizes ranging from $100,000 to millions of dollars.
SOURCE: Abound Solar