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Verde Energy Partners With Wells Fargo To Provide Solar Energy Financing

Pilot partnership provides commercial and residential customers affordable solar financing nationwide.
by Staff Writers
Austin TX (SPX) Feb 14, 2007
Verde Energy has announced that the company is providing solar power financing options to residential and commercial customers nationwide through a partnership with Wells Fargo. Verde Energy provides free project consultation from knowledgeable Verde staff and competitive project quotes from prescreened renewable energy professionals throughout the country.

"We extended the choices we provide to our customers by offering financing options for solar power projects nationwide," said Rob Powell, chief executive for Verde Energy. "Many of our customers indicate an interest in financing options for their project, yet have a difficult time finding lenders who are familiar with renewable energy systems. We've partnered with Wells Fargo because they have a real interest in renewable energy and, most importantly, are providing competitive rates for these projects."

"Wells Fargo has a unique approach which allows us, because of flat rate pricing, to deliver loans at very competitive rates," said Clint Pyatt, Wells Fargo sales manager. "We are eager to work with Verde Energy's customers to deliver financing solutions that take advantage of our low-cost approach and the growing market for renewable energy systems."

Nationwide, customers use Verde Energy as a single source to obtain competitive project quotes from trusted renewable energy professionals. A wide range of customers use the service, including commercial businesses, manufacturing facilities, residential and commercial developers, architects, general contractors, and homeowners in virtually every state.

Customers provide their project information using an intuitive, online survey. Verde staff conducts a free project consultation with each customer, and delivers their request to prescreened, experienced renewable energy contractors in the area who provide bids on the project.

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Utah Solar Cell Factory Ready To Churn Out 350 Megawatts A Year
Salem, Utah (SPX) Feb 14, 2007
International Automated Systems has finished its first high-volume run of its new breakthrough solar panels. Nearly 1,000 Kilowatts of IAUS's solar panels were manufactured in a short 24-hour run. On a 24/7 operating schedule, an estimated 350 Megawatts of IAUS panels can be produced annually. In comparison, a traditional photovoltaic (PV) solar module manufacturing plant with a yearly capacity equal to IAUS would cost an estimated $840 Million to construct.







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