APS and Upsolar are teaming up to offer a turnkey solar financing and installation package for residential customers. The partnership unites PV modules from Upsolar and microinverter technology from APS to maximize system output and accelerate homeowners’ return on investment.
The package is aimed at homeowners who want to capitalize on the many benefits of solar energy without the commitment of a long-term lease. Upsolar’s 20-year Energy Freedom Loan delivers the advantages of system ownership while overcoming the primary barrier to adoption — high upfront cost.
Michael Ludgate, VP of business development for APS America, says the partnership is an outstanding fit between two emergent and complementary forces in the global solar market.
“Upsolar picked APS to partner with because of our unique microinverter solution, both in technology and cost,” he says. “The fact that this program allows anyone to own a solar system is a great option for any homeowner.”
The partnership reflects a recent trend in residential solar away from the leasing of solar equipment, in favor of loan options and direct ownership of PV systems. The trend is driven by the declining costs of solar components, including PV modules and inverters, bringing solar investment within reach for homeowners at all levels.
The integrated APS-Upsolar package also allows homeowners to take advantage of strong tax incentives offered by the federal government and many states for solar investment.
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