GE Money and Yes! Solar SolutionsTM, a retail outlet for solar-powered modules and panels, announced a new multi-year relationship to provide revolving and installment consumer loans on solar products.
Loans are provided through the GEOSmart Financing program, managed by GE Money’s Sales Finance unit and are available through the Yes! retail energy outlet in Sacramento, Calif.
"Installing a solar power system is equivalent to prepaying for 40 years of power at a fraction of the cost you currently pay," said Jeff Winzeler, president for Yes! Solar Solutions. "We’re excited to offer the GEOSmart Loan program, making it more convenient and easily affordable for homeowners to make a positive impact on their homes and the environment."
"The advantages of using solar power are compelling," said Bruce Christensen, vice president and general manager, Home Improvement industry, GE Money – Sales Finance. "At GE, we’re committed to doing our part in providing earth-friendly products and services, and we’re excited to partner with Yes! Solar Solutions on this new financing program tailored for consumers purchasing renewable energy products."
Yes! Solar Solutions plans additional energy outlet franchise locations throughout California. Consumers visiting these outlets can learn how sunlight is converted to electricity, as well as how the solar systems are installed and the economic and environmental benefits they deliver.
About Yes! Solar Solutions
Yes! Solar Solutions is a wholly owned subsidiary of Solar Power, Inc. (OTCBB: SOPW). Solar Power, Inc. operates its own ISO 9001 factory dedicated to manufacturing solar modules and related solar products. Yes! Solar Solutions offers the North American residential and small business market a complete solution through a single brand. Yes! Solar Solutions provides turnkey design-build solar solutions through its Roseville, California headquarters and a growing national retail distribution network.
About GE Money
With more than $190 billion in assets, GE Money, a unit of General Electric Company (NYSE:GE), is a leading provider of credit services to consumers, retailers and auto dealers in more than 55 countries around the world. GE Money, based in Stamford, Conn., offers a range of financial products, including private label credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans, and credit insurance. More information can be found at www.gemoney.com.
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If GE wants to get these solar panels on homes,they need to build a relationship w/ experienced roofers,who have salespeople hustling on the street. If I can put 10 guys on the ground in a location where a wind/hail event occurred,these salespeople will knock doors all day selling roof replacements thru insurance claims. If the GE name is backing the roof replacement process,the solar panel pitch is now available for conversation. GE is a financially strong enough to waive the homeowner’s wind/hail deductibles.the sales pitch would include roof replacement waiving homeowner’s deductible and the solar panel lease program. Having this process taking place in several different markets at one time,the solar panel installs will increase dramatically. The solar movement will become mainstream