Published on February 18th, 2013 | by Andrew


SolarWorld Launches “Made in America” Home Solar Financing Program

February 18th, 2013 by  

Looking to capitalize on the boom in third-party solar leasing and “Made in the USA” campaigns, SolarWorld on February 12 launched “the solar industry’s first financing program dedicated exclusively to American-made solar products.”

“The program is designed for homeowners seeking freedom from rising utility costs by replacing a portion of their electricity bill with a low monthly solar-power payment,” SolarWorld, the largest US solar photovoltaic (PV) manufacturer for more than 35 years running, explains in a press release.

Solar Leasing Made in the USA

Chinese silicon PV panels have flooded the US and global market in recent years, helping drive sharp declines in the cost of solar energy systems. Third-party home solar finance companies in the US have taken advantage of the situation by striking supply deals with Chinese manufacturers. SolarWorld’s financing program, in contrast, “guarantees the use of high-quality American-made solar panels in every installation, responding to American consumers’ recently surveyed strong preference for products made in the USA,” the Hillsboro, Oregon–based solar PV manufacturer states in its press release.

75% of US consumers strongly believe products made in the US are of higher quality than imported products, according to results of a Harris Interactive–Made in the USA Foundation poll released last month, SolarWorld noted.

“The majority of leased solar systems installed in the US last year relied on imported panels from China,” SolarWorld Americas’ marketing director Rusty Pittman said. “Increasingly, Americans are seeking out US-made products not only to provide them with quality, safety, and environmental assurances but also to enable them to invest in their local and national economies.”

The SolarWorld Freedom Plan offer homeowners zero-down, low-down, and prepaid home solar PV financing options. All come complete with SolarWorld solar PV systems, which include PV equipment, installation, monitoring services, system insurance, and maintenance for up to 20 years.

Having launched the program in California this month through its network of authorized installers, SolarWorld intends to expand the Freedom Plan across the US, including Arizona, Colorado, Connecticut, Hawaii, Massachusetts, New Jersey, and New York.

Leasing of home solar energy systems has grown by leaps and bounds in recent years. A pioneer in the field, Sunrun, working with solar industry market data provider PV Solar Report, this past week released a report revealing that third-party home solar financing added $938 billion to California’s economy in 2012, a record amount. 
Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.


Tags: , , , , , , , , , , , ,

About the Author

I've been reporting and writing on a wide range of topics at the nexus of economics, technology, ecology/environment and society for some five years now. Whether in Asia-Pacific, Europe, the Americas, Africa or the Middle East, issues related to these broad topical areas pose tremendous opportunities, as well as challenges, and define the quality of our lives, as well as our relationship to the natural environment.

  • Michael

    Yeah, but what are the costs/watt of an entirely American-made system? Is this accessible at all in terms of monthly lease payment for an average consumer?

Back to Top ↑
  • Advertisements

  • Top Posts & Pages

  • Cool Cleantech Events

    Low Voltage Electrification Event, April 25-27. Detroit, Michigan (US)
    Delve deep into the benefits and challenges associated with EV power supply.

    Offshore Wind Market Development USA, May 11-12, Boston, Massachusetts (US)
    Network and establish your business in one of North America’s largest energy industries.

    Energy Storage USA, June 15-16, San Diego, California (US)
    Only event in the United States focused exclusively on the commercialization of storage.

    More details are on: Cleantech Events.

  • Advertisement

  • CleanTechnica Electric Car Report

    Electric Cars Early Adopters First Followers
  • Tesla Model 3 Review by EVANNEX

    Tesla Model 3 Review from EVANNEX
  • Tesla Model 3 Exclusive Video

    Tesla Model 3 Video
  • Tesla Model 3 Exclusive Pictures

    Tesla Model 3 Video
  • Tesla Model X Review #1 (Video)

    Tesla Model X Review from new owners Zach Shahan
  • Tesla Model X Review #2 (Pictures)

    Tesla Model X Review from Kyle Field
  • Tesla Model S Long-Term Review

    Tesla Model S Long Term Review from Kyle Field
  • Nissan LEAF Long-Term Review

    Nissan LEAF Long Term Review from Cynthia Shahan
  • Interview with Michael Liebreich

    Interview with Michael Liebreich
  • Interview with Akon (Teslas & Solar)

    Interview with Akon Tesla Model S Tesla Model X Solar Power Africa
  • Interview with Dr Nawal Al-Hosany

    Interview with Dr Nawal Al-Hosany
  • Interview with Gro Brundtland

    Gro Brundtland
  • Interview with President of Iceland

    President of Iceland Ólafur Ragnar Grímsson
  • Interview with Nick Sampson

    Faraday Future VP Nick Sampson
  • Interview with Dipal Barua

    Dipal Barua 1st ZFEP WInner
  • Interview with Jonathon Porritt

    Jonathon Porritt
  • Interview with Clint Wilder

    Interview with Clint Wilder
  • Interviews with Solar Impulse Pilots

    Bertrand Piccard Andre Borschberg
  • Check out more CleanTechnica Videos.

  • Join The Solar Revolution!

    Edison-solar-energy solar-energy-spill-nice-day
  • Cost of Solar Panels

  • Search the IM Network