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Electric & Gas Industries Association and Solar Panels Plus Launch Solar Financing and Leasing Programs

Posted on: Thursday, 13 November 2008, 09:00 CST

Solar Panels Plus has partnered with the non-profit Electric & Gas Industries Association (EGIA) to bring GEOSmart Sustainable Financing Solutions(R), a consumer friendly and easy to use financing program, to its base of authorized dealers. This comprehensive financing program will be delivered through Solar Panels Plus dealers nationwide to provide homeowners and businesses with simple financing solutions for Solar Panels Plus products and installations.

The GEOSmart residential unsecured financing program provides funding for projects ranging from $1,000 to $25,000 with no home equity requirements, low fixed APR's from 7.99% and low payment factors to make solar installations easy and affordable. With instant in-home approvals and a simple one-page loan document, the GEOSmart program offers contractors and consumers a straightforward and easy to use program to finance energy efficient and renewable solutions.

The GEOSmart commercial leasing program provides businesses, non-profit organizations and municipalities with competitive financing terms up to 15 years and a simple process to finance projects ranging from $10,000 to $2 million or more. Financing professionals handle the process from start to finish and provide a tailored solution to meet the unique needs of the customer. Equipment, installation and extended service agreements can all be financed under the GEOSmart commercial leasing program.

"We are looking forward to the opportunity that exists between EGIA and Solar Panels Plus to promote Solar Panels Plus' products and the GEOSmart solution to consumers seeking alternatives to reduce their energy costs and enhance the environment," said Bruce Matulich, Executive Director of EGIA.

Solar Panels Plus and EGIA will provide dealers with in-depth training on how to leverage the GEOSmart financing program to assist customers with the upfront cost of investing in solar technology. For additional information regarding the GEOSmart - Solar Panels Plus financing program go to www.egia.org/solarpanelsplus.

"We chose to partner with the EGIA to solve the pressing need for solar energy financing solutions, because of its reputation and commitment within the renewable energy sector and its status as a leading provider of consistent financing solutions and effective training on how to integrate the solutions into a dealer's sales presentation," said Bijan Kazemi, CFO of Solar Panels Plus.

About Solar Panels Plus, Inc.

Solar Panels Plus is a Chesapeake, Virginia-based importer, distributor and manufacturer of solar energy products for residential and commercial applications including solar water heating, solar pool heating, solar air conditioning and solar heating solutions. Solar Panels Plus distributes their wide range of products through a nationwide network of authorized dealers. For more information, visit www.solarpanelsplus.com.

About Electric & Gas Industries Association

The Electric & Gas Industries Association (EGIA) is a non-profit organization dedicated to advancing energy efficiency and renewable energy solutions through a nationwide network of contractors, distributors, manufacturers and utility companies. EGIA is a leading provider of resource efficiency services and energy efficiency program administration for utility companies and water agencies. EGIA also provides the home improvement industry with comprehensive consumer energy efficiency and solar financing solutions and has administered some of the nation's largest utility and state sponsored energy efficiency financing programs. For more information, visit www.egia.org.

Source: Business Wire

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