China’s JinkoSolar has announced that its wholly owned subsidiary, JinkoSolar U.S., has entered into an agreement with Ygrene Energy Fund. Ygrene offers a PACE (property assessed clean energy) financing program, called YgreneWorksTM, for residential and commercial PV systems in the United States.
JinkoSolar U.S. will have Preferred Module Partner status with Ygrene. Homeowners and business owners who are interested in installing a solar systems will have access to zero-down, 100% project financing not based on credit scores. Property owners will also be able to take advantage of the 30% federal solar Investment Tax Credit. Its a great program for solar installers as well as they will receive payment from Ygrene as soon as the property owner signs off on the project.
According to Mike Cary, Chief Operating Officer of Ygrene. “Ygrene has approved over $400 million in energy efficiency upgrade projects, and this partnership will help us offer customers low-cost solar solutions while helping cities and counties increase levels of renewable energy.”
“Innovative PACE financing is a major opportunity for growth in residential and commercial sales, so we are excited to offer this joint program with Ygrene, as we continue to expand our footprint in the US,” said Mr. Nigel Cockroft, general manager of JinkoSolar (U.S.) Inc. “We believe the Jinko-Ygrene program offers the customer an optimal path to ownership of solar systems.”
Tracey is an accountant and entrepreneur with a passion for nature. This passion is what spurred her interest in renewable energy, and the rest is history as they say. Tracey is a principal in Energy Think Group, the publisher of Solar Thermal Magazine and Tek-Think. She is also the principal at Women's Financial Help Desk. She spends her free time in the outdoors with her horses and dogs. She loves to travel.