S-Energy the former solar division of Samsung Electronics has announced it is to offer a range of new financing options for its module customers based in the U.S.
Having recently opened a branch in Irvine, California, the Seong-Nam headquartered module manufacturer hopes to lower the cost barriers of its Korean-made modules by offering two different payment plans.
Customers can choose between a down payment of 20% to 50% and have their payment terms vary from three to six months. The financing offer is intended to help customers circumnavigate the main expense levied by the countervailing duty (CVD) imposed on Korean modules sold into the U.S.
"Small installers sometimes get discouraged from purchasing our products due to monetary conditions, and so the objective of this program is to provide them with the financial aid they need," said Matt Allen, director of sales, western region, for S-Energy America, which is a wholly owned U.S. subsidiary of S-Energy.
S-Energy Americas president, David Kim, added that the unstable nature of the U.S. solar industry had affected S-Energys customers as much as it had the company itself. "With the recent decisions made on the anti-dumping and CVD on PV products imported into the U.S., it has become even more challenging for installers and developers throughout the nation to purchase high quality modules at a fair price," said Kim.
"I believe that our new financing option will be able to lighten the load of our customers."
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.