News Column

Suniva Partners With Technology Credit Corporation

August 26, 2014

Solar PV Financing Offers Solutions for Small to Medium Commercial Businesses

NORCROSS, Ga.--(BUSINESS WIRE)-- Suniva, Inc., a metro-Atlanta based manufacturer of high-efficiency crystalline silicon solar cells and modules, and Technology Credit Corporation (TCC), a privately held financial products and services firm, are partnering to offer Suniva’s integrators and customers a financing solution.

TCC, one of the largest providers of small commercial financing options in the United States, has more than 300 commercial PV systems in its portfolio. The firm's innovative financing approach incorporates leases and power purchase agreements, but with the end goal of the customer owning the solar system.

"The U.S. 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," said 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 U.S. by a manufacturer which has an excellent reputation for reliable delivery,” said 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.”

Suniva recently announced an expansion of their solar manufacturing facilities. The new facility, located in Saginaw, MI, further strengthens Suniva’s position as America’s leading solar module manufacturer, employing a higher percentage of American workers than any other tier-1 solar manufacturer.

About Technology Credit Corporation

Technology Credit Corporation provides equipment manufacturers and their direct sellers a variety of end-customer finance solutions focusing on the technology, solar, and energy efficiency industries. Since its inception in 1988, TCC has financed over $2 billion of equipment purchases.

About Suniva

Suniva® is the leading American manufacturer of high-efficiency crystalline silicon photovoltaic (PV) solar cells and high-power solar modules. The company is known for its high-quality products, industry-leading technology, reliability and high power density. Headquartered in metro-Atlanta, GA, Suniva sells its advanced PV cells and modules globally. For additional information on how Suniva is making solar sensible, visit www.suniva.com.




Suniva, Inc.

Keryn Schneider, 404-477-2731

Marketing Manager

kschneider@suniva.com

or

TCC

Mark Schmidt, 408-436-8646

Vice President, Business Development

mschmidt@creditcorp.com


Source: Suniva, Inc.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Business Wire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters