The high-efficiency crystalline silicon solar cell and module manufacturer Suniva is partnering with the privately held financial products and services firm Technology Credit Corporation to create a financing solutions program for potential customers, according to a recent announcement.
Technology Credit Corporation (TCC) is one of the leading (and biggest) providers of small commercial financing options in the United States — currently with over 300 commercial solar PV systems in its portfolio. The company makes use of an “innovative financing approach” that makes use of leases and PPAs, but with the ultimate goal of the customer completely owning the system.
“The US solar market continues to experience rapid growth, and in an effort to maintain this momentum with our diverse customer base, Suniva has partnered with Technology Credit Corporation to help provide applicable customers with innovative financing options,” stated Matt Card, vice president of global sales and marketing at Suniva. “TCC’s expertise in providing financial packages allows us to expand the customer segments to which we sell while yielding a cash-positive solution for our customers; this is a win-win situation.”
“TCC is very excited by this new partnership with Suniva. It gives us the opportunity to finance superior quality solar panels, made in the US by a manufacturer which has an excellent reputation for reliable delivery,” agreed Mark Schmidt, vice president of business development at TCC. “We believe that the high-quality, Made-in-the-USA story will be extremely attractive to our target customers: community non-profit organizations such as schools, houses of worship, homeowners associations, and health service providers.”
In related news, Suniva recently revealed that it has begun construction on a new 200 MW solar module manufacturing facility. The new facility is being developed in Saginaw, Michigan.
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