Suniva to offer leases through TCC
US PV manufacturer Suniva will begin offering commercial rooftop customers solar leases and power purchase agreements through a new partnership with Technology Credit Corporation.
The arrangement will allow Suniva to “expand the customer segments to which we sell”, explains Matt Card, vice president for global sales and marketing.
San Jose-based TCC, which focuses on offering financing solutions to high-tech industries, claims to have 300 commercial PV systems already in its investment portfolio, with a focus on non-profit organisations like schools, churches, and health service providers.
TCC's solar leases and PPAs are designed so that customers end up owning their PV systems.
Atlanta-based Suniva, which recently announced plans to build a second module plant in the state of Michigan, is making waves as it looks to capitalise on the preliminary US tariffs that have been put on its Chinese competitors.
Suniva is significantly smaller than US-based rivals First Solar and SunPower, but unlike those companies it makes all of its modules in the US.