Tabuchi America launches USD-300m solar-plus-storage loan programme

September 8 (SeeNews) - Tabuchi America on Thursday announced a new 20-year loan programme and lease option that will make available about USD 300 million (EUR 265m) in financing for residential solar-plus-storage installations.

The American subsidiary of Japanese solar inverters maker Tabuchi Electric Co Ltd (TYO:6624) introduced the GEOSmart SolPower Program, which was created in partnership with non-profit organisation Electric & Gas Industries Association (EGIA).

Customers who make use of the programme will receive financing from EGIA’s GEOSmart Financing Clearinghouse that covers the materials, installation and development of solar photovoltaic (PV) systems, smart inverters and batteries. They will own the system as well as all tax and solar incentives directly.

Paul Bony, director of renewables and contractor development at EGIA, said that the organisation expects strong interest in the programme. Currently, it is available in 17 states.

(USD 1.0 = EUR 265.3m)