SolarWorld has formed a partnership with San Francisco-based Bank of the West to finance commercial-scale solar systems.
Under the partnership, qualified SolarWorld customers will be eligible to finance their commercial solar systems through Bank of the West in the form of loans, operating leases, capital leases and – for qualified state and municipal government entities – tax-exempt municipal leases.
The partnership with Bank of the West adds to the SolarWorld Financial Solutions suite of financing options for systems exceeding 50 kW.
‘Many installation firms find they have the technical capability but not the financing support they need to drive business in the commercial segment,’ says Ardes Johnson, U.S. vice president for sales and marketing for SolarWorld. ‘This new partnership will provide the boost they need.’