Centrosolar America Launches Solar Operating Lease Program
Company Partners With LFC Capital to Offer a Low-Cost Operating Lease for Commercial Projects
SCOTTSDALE, AZ--(Marketwired - May 13, 2014) - Centrosolar America, in collaboration with LFC Capital, Inc. is pleased to announce that a special low-cost solar operating lease is now available for businesses in all of the 50 states. The lease is particularly appealing to businesses that desire solar, but cannot directly benefit from the federal energy investment tax credit (ITC). The product, featuring attractive purchase options as well as tax efficiency, is designed to make businesses' acquisition of solar affordable.
LFC Capital will provide solar leases directly to qualified businesses for solar PV and thermal systems in amounts ranging from $100,000 to $5,000,000. These solar leases are available nationwide through Centrosolar America's network of more than 725 solar installers in 43 states.
"The Centrosolar America and LFC Capital's solar lease is an innovative offering because customers benefit to a greater extent than from other solar leases typically found in the marketplace. For instance, utility rebates and government incentive payments can be paid to the customer or contractor for the benefit of the customer, solar renewable energy certificates (SRECs) are for the customer, and the monetized value of ITC and depreciation is shared with the customer in the form of lower lease payments," according to Ram Akella, Managing Director Centrosolar America Inc.
"I am delighted that our traditional operating lease, which we have been providing for more than 20 years to hospitals acquiring expensive medical equipment, is now available to businesses acquiring cost-saving solar systems," said Martin E. Zimmerman, Founder and CEO of LFC Capital, Inc.
Stanley Fishbein, Managing Director of LFC Capital, Inc. and board member of the New York Solar Energy Society added, "Centrosolar America is on the cutting edge of making it easy and cost-effective for businesses to 'go solar.' We share Centrosolar America's client focus, and are pleased that our collaboration will help their clients take advantage of renewable energy initiatives."
About Centrosolar America
Established in 2008, Centrosolar America Inc. is a virtual manufacturer and specialty solar photovoltaic distribution company with headquarters in Scottsdale, AZ. The company serves as a platform of products and services that enables its installer customers to grow their business. It differentiates itself by providing a full range of turnkey products and services for its installer partners. It offers technical and sales support, pre-packaged and fully integrated solar systems, warehousing and distribution, on-line portals as well as financial products. The company's national customer network at present has grown to include more than 725 installers in 43 states, representing coverage in 83% of the US market.
About LFC Capital
Established in 1994, LFC Capital, Inc., specializes in financing for the healthcare industry, providing leasing and term loans to hospitals, clinics, physician groups, long-term care facilities and healthcare servicers and suppliers.
The principals of LFC have completed more than $1.5 billion in financing for essential equipment and strategic growth initiatives, structured to provide maximum value at minimum cost.
