MAGE SOLAR, part of the globally operating MAGE GROUP, announced that it is further expanding its popular portfolio of financing options. Considered a key tool for installers and integrators, the new end user lease and loan program offers attractive terms to commercial, industrial, state, local and federal government customers. The program is made available in partnership with De Lage Landen, a global provider of asset based lending, and is part of MAGE SOLAR’s financing portfolio.
The new lease and loan program was developed to offer integrators another smart competitive edge as part of its full system service approach. MAGE SOLAR customers can now offer business owners direct lease or loan options for up to 100% of total project costs, including materials and installation. The length of financing terms varies from 5 up to 10 years.
Back in April, the dynamic leader and complete PV-system provider entered into an extended terms program partnership with De Lage Landen. Through the program, qualifying MAGE SOLAR integrator partners can purchase the company’s signature MAGE POWERTEC PLUS modules, its next-generation mounting system and brand name inverters while flexibly managing their cash flow over 30, 60 or 90 day extended terms.
“This is another exciting opportunity for MAGE SOLAR to partner with a well-respected, well-recognized company like De Lage Landen, who is on the forefront of innovative sustainable financing in the clean energy industry,” says Joe Thomas, President and CEO of MAGE SOLAR USA. “The loan and lease option is a big plus for our integrators as energy costs rise and companies and businesses across the nation are looking for ways to lower their electricity costs in order to stay competitive.”
“We are proud to expand our relationship with MAGE SOLAR to include retail product offerings for their customers,” says Mark McGovern, General Manager – Clean Technology for De Lage Landen. “MAGE SOLAR’s ability to provide flexible financing solutions to their integrators, dealers and installers in an industry that needs financing in order to grow is an advantage that many of their competitors lack. De Lage Landen is happy to add value for MAGE SOLAR and their customers by assisting them in growing their business and completing more projects.”
The new financing program is available immediately and interested customers should contact MAGE SOLAR for details.