Solar

MAGE SOLAR lands financing partner for solar installation customers

MAGE SOLAR USA entered an Extended Terms Program with De Lage Landen Commercial Finance (CF) to provide a financing plan for the customers of the complete PV system provider.

April 23, 2011 — MAGE SOLAR USA, part of the globally operating MAGE GROUP, entered an Extended Terms Program with De Lage Landen Commercial Finance (CF) to provide a financing plan for the customers of the complete photovoltaics (PV) system provider.

The program offers qualifying integrators an alternative, cost-effective source of financing for the company’s high-performing MAGE POWERTEC PLUS modules, intelligent mounting systems, and inverters. MAGE SOLAR partners, who are eligible to participate in the program, have the opportunity to receive advances on all equipment purchases and choose among different financing options to optimize their cash flow management.

“Being able to purchase our products with more ease and the backing of a strong and reliable partner like De Lage Landen is a huge benefit to our integrator partners,” said  MAGE SOLAR USA president and COO Joe Thomas. “Maximizing profits by eliminating long approval waiting periods is a tremendous plus in the booming PV market,” he added.

The program developed with De Lage Landen takes into account the financing demand, and flexibility requirements, of the solar industry, noted John C. Reed, president, De Lage Landen Commercial Finance.

The agreement is available immediately and interested customers should contact MAGE SOLAR for details. 

MAGE SOLAR USA specializes in complete solar systems and provides high-quality photovoltaic modules, intelligent mounting systems and high-performance brand inverters. It is a subsidiary of the international MAGE GROUP. For more information, please visit www.magesolar.com

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. For more information, please visit www.delagelanden.com.

Also see: 2011 Renewable Energy World Innovation in Finance award

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