SolarWorld introduces industry’s first all-American solar financing
Freedom™ Plan pairs flexible payment options with American-made quality and aesthetics
HILLSBORO, Ore., Feb. 12, 2013 – SolarWorld, the largest U.S. solar manufacturer for more than 35 years, has launched the SolarWorld Freedom™ Plan, 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. Unlike competitors’ financing programs, the SolarWorld Freedom™ Plan 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 majority of leased solar systems installed in the U.S. last year relied on imported panels from China,” said Rusty Pittman, director of marketing for SolarWorld Americas. “Increasingly, Americans are seeking out U.S.-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.”
American consumers have a strong belief that American-made products are of better quality than imports, according to a survey released last month by Harris Interactive and the Made in the USA Foundation. In fact, 75 percent of U.S. consumers said they would pay more for American-made products of the same or better quality than imported goods.
With zero-down, low-down and prepaid options, the SolarWorld Freedom™ Plan gives homeowners the freedom to choose how they finance their American-made solar investment and minimize their upfront costs. The plan is offered in conjunction with SolarWorld’s complete solar-electric systems, which include photovoltaic equipment, installation, monitoring services, system insurance and maintenance for up to 20 years.
SolarWorld launched the Freedom™ Plan in California this month through its network of authorized installers. In the coming months, SolarWorld will expand the Freedom Plan into additional U.S. solar markets, including Arizona, Colorado, Connecticut, Hawaii, Maryland, Massachusetts, New Jersey and New York.
“My SolarWorld system really cut my electric bill, and I was able to go solar with no money down through financing,” said Glen Takabayashi, a retired Marine colonel and homeowner in Temecula, Calif., whose solar array was installed by Orange County-based Infinity Solar, a SolarWorld Authorized Installer that offers the Freedom Plan. “I also felt good about buying solar made here in the U.S. because I think it’s important to support American jobs.”
SolarWorld Real Value
SolarWorld manufactures and sells solar power solutions and in doing so contributes to a cleaner energy supply worldwide. As the largest solar producer in the United States and Europe, SolarWorld employs about 3,200 people and carries out production in Hillsboro, Ore., and Freiberg and Arnstadt, Germany. From the raw material silicon to solar wafers, cells and panels, SolarWorld manages all stages of production ‒ including its own research and development. Through an international distribution network with locations in the United States, Europe, Singapore and South Africa, SolarWorld supplies customers all over the world. The company maintains high social standards at all locations across the globe and is committed to resource- and energy-efficient production. Headquartered in Bonn, Germany, SolarWorld was founded in 1998 and has been publically traded on the stock market since 1999. For more information, visit www.solarworld-usa.com.
Media relations manager
SolarWorld Industries America
4650 Adohr Lane
Camarillo, CA 93012