Key Equipment Finance and Abound Solar today announced the establishment of 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 flexible financing of complete photovoltaic systems using the company’s solar modules, including cost of the balance of systems 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 program can accommodate a variety of transaction sizes ranging from $100,000 to millions of dollars.
"The addition of a comprehensive finance program is one more example of Abound Solar’s commitment to making solar electricity more accessible to companies interested in using clean, renewable sources of energy,” said Adam D. Warner, president of Key Equipment Finance. “Abound Solar is built upon the idea that better technology can reduce the cost of solar electricity, and this finance program will make it easier for government entities, retailers and other commercial customers to obtain that technology while conserving cash.”
Abound Solar noted Key Equipment Finance’s knowledge of the energy industry, experience implementing finance programs for solar equipment manufacturers and the ability to team up with another Colorado-based company as primary reasons for selecting Key Equipment Finance as its finance partner.
"Key Equipment Finance is a leader in providing financing solutions for commercial customers and government entities,” said Julian Hawkins, Senior Vice President of Sales and Marketing. “We are excited to partner with them in providing flexible finance options for customers and contributing to the value proposition of photovoltaic systems built with Abound Solar modules.”
--businesses of all sizes in the U.S. (from small business to large corporate);
--equipment manufacturers, distributors and value-added resellers worldwide;
--federal, provincial, state and local governments as well as other public sector organizations; and
--lease advisory services for larger structured equipment needs including single investor and leveraged leases, securitizations, and structured debt.
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