KYOCERA Launches Latest Solar Energy Solution: Kyocera Solar Finance

May 8, 2012 by  
Filed under Green Energy News


SCOTTSDALE, Ariz., May 07, 2012 (BUSINESS WIRE) –
As a world-leading supplier of solar energy solutions, Kyocera Solar,
Inc. today announced the launch of its latest solution: Kyocera Solar
Finance, a program designed to provide loan and lease options to
consumers seeking light commercial and mid-to-large commercial
installations. In partnership with De Lage Landen Financial Services,
Inc. (DLL), Kyocera Solar Finance will offer up to 100 percent financing
for qualified borrowers. Interested applicants should contact solarfinance@kyocera.com.

Drawing on 37 years of experience in solar panel manufacturing, Kyocera
designed a financing program that delivers to qualified consumers the
company’s industry-leading solar panels and up to 100 percent financing
of the total project cost, including inverters, racking, wiring,
installation and other costs associated with the system installation.
This all-inclusive approach creates a streamlined process for customers
ready to make the conversion to solar energy for the environmental and
economic advantages it provides.

Based on familiar lease, rental and purchase agreements, Kyocera Solar
Finance offers two viable financing solutions: loans and tax leases,
both with distinct advantages. For projects $10,000,000 and lower, the
loan option enables the end user to own the system outright, retain tax
benefits and any qualifying local subsidies. Still relatively unique as
a solar system financing model, a loan is an attractive option for
buyers seeking to benefit from long term ownership of a 30 plus year
energy system while not paying cash for the system up front.

Starting at $500,000, the tax lease model is a practical structure where
an end user hosts the system, directly benefits from the energy produced
and rents the system from De Lage Landen through the Kyocera Solar
Finance Program. De Lage Landen, a provider of leasing, business and
consumer finance solutions worldwide, will work with pre-qualified
applicants to determine final terms of their financing arrangements
based on the end-user’s credit quality and the need to cash flow lease
or loan payments against avoided utility costs and incentive based
revenue.

“To carry out our mission and meet consumer demand for photovoltaic (PV)
installations, Kyocera formed a partnership with De Lage Landen to offer
comprehensive financing solutions,” said Steve Hill, president of
Kyocera Solar, Inc. “Our goal is to bring solar energy to the world, and
with Kyocera Solar Finance we are able to help more consumers gain
energy independence through clean, solar-generated electricity.”

“Kyocera’s quality products and expertise in the marketplace made our
partnership an easy decision,” said Mark McGovern, General Manager,
Clean Technology for De Lage Landen. “With a U.S. focused program, we
aim to support Kyocera’s objective towards providing flexible and
sustainable solutions to their customers.”

By securing financing directly through Kyocera Solar Finance, customers
seeking light commercial and mid-to-large commercial installations will
enjoy both the convenience of completing the process in-house and the
assurance of Kyocera’s proven leadership in the solar industry. Kyocera,
by repeatedly breaking cell efficiency records and producing the world’s
first modules to have passed the Long-Term Sequential Test performed by
TUV Rheinland Japan Ltd., remains at the forefront of solar energy
innovation and reliability.

About KYOCERA

Kyocera Corporation


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(tokyo:6971) (
http://global.kyocera.com/ ),
the parent and global headquarters of the Kyocera Group, was founded in
1959 as a producer of fine ceramics (also known as “advanced ceramics”).
By combining these engineered materials with metals and plastics, and
integrating them with other technologies, Kyocera has become a leading
supplier of printers, copiers, solar power generating systems,
telecommunications equipment, electronic components, semiconductor
packages, cutting tools and industrial ceramics. During the year ended
March 31, 2012, the company’s net sales totaled 1.19 trillion yen
(approx. USD14.5 billion). The company is ranked #426 on Forbes
magazine’s 2012 “Global 2000″ listing of the world’s largest publicly
traded companies.

About De Lage Landen

De Lage Landen, a fully owned subsidiary of Rabobank Group, specializes
in asset-based financing programs for equipment manufacturers, dealers
and distributors all over the world. Our programs cover our customers’
total distribution chain, as well as the entire lease lifecycle. We
offer customers a single source for leasing, administration, risk and
asset management solutions. De Lage Landen’s diversified solutions
include car leasing in the European market and consumer finance and
factoring in the Dutch home market.

Establishing a close and long-lasting relationship with our customers is
at the heart of our company culture. This requires a genuine interest in
and a thorough understanding of our customers’ business needs and goals.
We partner with our customers to tailor solutions and develop programs
that support mutual growth and profitability.

We care not only about our customers, but also about the communities in
which we operate. We strive to have a positive social and environmental
impact through our products and the way we conduct business. For more
information, visit
www.delagelanden.com .

SOURCE: Kyocera Solar, Inc.



        
        LPI Communications 
        Leasa Ireland, 310-796-1936 
        leasa@lpicommunications.com 
        or 
        Melody Parrette, 858-361-9731 
        melody@lpicommunications.com
        


Copyright Business Wire 2012

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