ROCKLIN, Calif. & BOSTON--(BUSINESS WIRE)--SMA, the global market leader for solar inverters, and Sungage Financial, a financial solutions provider for the residential solar industry, today announced a partnership that will pair Sungage’s simple-to-use solar financing products with SMA’s leading inverter solutions for the residential market.
An innovator in solar finance and the leading platform in the residential solar loan space, Sungage offers products that enable homeowners to save on energy and capture the financial benefits of solar ownership. The Sungage® Solar Loan does not require a down payment and offers flexible repayment terms. Sungage’s platform prioritizes ease-of-use for the trade professional, helping to simplify and speed the loan process.
SMA brings 30 years of experience, number-one ranked service, and innovative products that lower total cost of ownership while providing installers new revenue opportunities. In order to further support the growth of the residential solar market segment interested in ownership, SMA recognizes the importance of financing solutions that address consumer needs while making the process easy and profitable for professionals.
Henry Dziuba, President and General Manager of SMA America, said, “With our commitment to quality and service, SMA offers solutions that create long-term value for homeowners, which is paramount to helping installers remain profitable in a highly competitive market. Through our affiliation with Sungage, solar professionals can capitalize on quality and value in choosing their financing partner.”
Sara Ross, CEO and co-founder of Sungage, said, "At Sungage, we are focused on helping installers deliver the benefits of solar ownership to more Americans. Our platform makes selling solar ownership simple, easy and affordable. Our partnership with SMA allows us to share this offering with more installers and put the company’s inverter solutions in more homes across the U.S."
Sungage will support SMA’s upcoming “More Power, More Profit” roadshow through participation and, in particular, sales training at select events. Installers interested in attending the roadshow should consult the tour schedule for details.
The SMA Group with sales of more than €800 million in 2014 is the global market leader for solar inverters, a key component of all PV plants and offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 21 countries. The Group employs more than 5,000 people worldwide. SMA’s broad product portfolio includes a compatible inverter for every type of module on the market and for all PV system sizes. The repeatedly awarded product range includes system technologies for grid-connected photovoltaic systems as well as off-grid and hybrid systems. The technology is protected by more than 550 patents. The range of services is supplemented by comprehensive services and operational management of large-scale PV power plants. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index. www.SMA-America.com
About Sungage Financial
Sungage Financial is a marketplace that provides homeowners with easy, online access to low-cost financing for solar equipment. Headquartered in Boston, Massachusetts, Sungage partners with leading solar installers and institutional investors to help homeowners save money on energy. An innovator in solar finance, Sungage brought to market the first secured residential solar loan in the nation in 2013. The company is committed to helping homeowners save more through ownership. For more information, please visit www.sungagefinancial.com.