SET-Solar announces multi-year collaboration with Broadstreet Energy

MOUNTAIN VIEW, USA: SET-Solar Corp., a US provider of high-quality, mono-crystalline photovoltaic solar modules, announced its collaboration with Broadstreet Energy Corp., a Southern California-based solar panel installation company.

The multi-year partnership was established to capitalize on SET-Solar's new finance offerings and will enable Broadstreet to purchase a steady source of solar panels quickly, without the capital constraints typically facing solar panel installers. The first order placed by Broadstreet for 500 kilowatts will be installed in the greater Los Angeles area.

Installers and integrators are purchasing solar panels in record numbers to take advantage of the attractive government rebate programs that have been created recently.

However, many installers run into roadblocks when it comes to financing their projects, as they typically lack the necessary capital needed to purchase all of the solar panels and components upfront. SET-Solar is easing this constraint by offering multiple financing options, including leasing and taking government rebates for payment.

In addition, SET-Solar provides assistance to installers to access compatible components at wholesale discount pricing. Once developers are able to secure the delivery of solar panels and accessories to complete their projects, they can qualify for rebates and other government-backed financial incentives.

"SET-Solar's collaboration with Broadstreet Energy is typical of the kind of strategic partnerships we're creating within the solar energy market," stated Roland Chu, CEO at SET-Solar.

"By providing financing options which require very little up front capital, we're seeing a dramatic increase in long-term sales contracts, and developers can now take advantage of the numerous state and federal grants available to them. The end-user benefits by having a renewable energy source that costs them less and is good for the planet. It's a win-win for everyone involved."

"Our partnership with SET-Solar is extremely beneficial to the growth of Broadstreet by allowing us to extend our capacity in the greater Los Angeles market," said Ahmad Yakub, founder and CEO of Broadstreet Energy Corp.

"The financing options enable us to install solar systems with almost no up front costs to us or the end-user. This allows utility customers to realize the benefits and cost-savings of solar power as their primary energy source."

Broadstreet Energy's future projects include a combination of residential, non-profit organizations, and commercial manufacturing facilities throughout the Los Angeles region.