Joe Thomas

Mage Solar USA, part of the globally operating Mage group, which launched an inventory and residential finance program earlier this spring, is now gearing up towards commercial projects in partnership with CIT Vendor Finance.

Mage Solar, known for its ARRA-compliant high-performance Mage Powertec Plus modules, intelligent mounting systems and brand-name converters now has a 100% financing option available tailored specifically for integrators and their commercial projects.

Joe Thomas, president of Mage Solar USA explained: “With over 370 MW new installations in the United States in 2010, the non-residential photovoltaic market grew almost 100% last year alone and was one of the biggest drivers especially in the last quarter.”

“Our new financing program will help commercial end-users to preserve valuable working capital while offsetting or in some cases even eliminating their electricity bills. And we’re particularly proud to partner with such a well-respected and established company like CIT to offer this service.”

Rising energy costs and a growing number of states implementing Renewable Portfolio Standards, make the decision to switch to clean energy especially attractive for companies with high electricity bills. State and federal programs that are supporting the implementation of renewable energy technologies make change an even more business-friendly move.

“We are excited to announce the launch of this new financing program,” said Ron Arrington, president of CIT Vendor Finance. “The alternative energy market represents the future, and we see significant potential for the program. We are especially pleased to work with Mage Solar, a company that is so successfully providing environmentally friendly products.”