JinkoSolar Holding Co., Ltd., a global leader in the photovoltaic (PV) industry, announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc., will partner with CleanFund Commercial PACE Capital to offer long-term project financing to US commercial project customers through the SolarPACETM program.
SolarPACETM is designed to maximize solar energy cash flow to commercial and industrial (C&I) property owners. CleanFund fully funds the installation of the system, while end users re-pay CleanFund through property taxes over terms as long as 30 years. SolarPACETM solves most credit challenges found in commercial solar project financing. There are solutions for tenants who are leasing their properties, as well as flexible options to utilize solar tax credits. Project developers who use JinkoSolar modules together with SolarPACETM will be eligible for incentives that will lower their project costs.
"SolarPACETM is an excellent fit for the C&I space because it uniquely maximizes cash flow for the end customer, a value proposition we think our customers will find useful for their sales toolkits," said Nigel Cockroft, General Manager at JinkoSolar (U.S.) Inc. "We always seek to enhance our installers' competitiveness, and this partnership with CleanFund will be key to that effort."
"As a provider of long-term financing, we appreciate projects integrated with high quality materials from reliable suppliers," said Brandon Deno, Vice President of Solar at CleanFund. "JinkoSolar has a proven reputation as a dependable and world-class module manufacturer."
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