Annapolis Junction, MD; Teaneck, NJ, Dec. 3, 2014 (GLOBE NEWSWIRE) -- Astrum Solar ("Astrum") and Hudson Clean Energy ("Hudson") announced today the formal launch of the jointly developed Simple Solar Loan Program, a zero-down, long-term financing option for residential solar energy systems. Backed by financing from Hudson, this nationwide program expansion follows months of extensive consumer piloting and overwhelmingly positive consumer feedback.
The Simple Solar Loan Program, which supports Astrum's mission to expand access to affordable residential solar power, is designed to provide numerous benefits to the homeowner:
- $0 down solar ownership
- Immediate savings on electricity bills
- Low, affordable interest rates
- No prepayment penalties
- Hassle-free application process
- 12-18 month financing to cover any tax credits homeowners expect to receive
- Financial freedom and flexibility
"When it comes to solar financing, simplicity is key. Unlike other options, this program doesn't involve any complex power price calculations, hidden clauses, or complicated financial engineering. Instead, homeowners can count on one fixed, affordable payment each month," said Jose Ramos, Astrum's Chief Marketing Officer. "Adding the Simple Solar Loan Program to our portfolio of financing options empowers our customers to invest in solar while investing in their homes."
Astrum Solar is a leading national designer and installer of residential solar photovoltaic arrays. Astrum's software-enabled management systems have allowed the company to grow rapidly while offering best-in-class quality and performance.
"With the launch of the Simple Solar Loan Program, we have made a strategic and substantial commitment to residential solar that provides a win-win opportunity to Astrum's customers and to our growing investor base," said Wilson Chang, Hudson Clean Energy Vice President. "Residential solar loans will only grow more popular over time, and we are confident that our partnership with Astrum will only grow stronger as more consumers see the benefits of solar ownership."
About Astrum Solar
Astrum Solar is a leading national full-service residential solar provider, serving homeowners and small businesses in California, Arizona, Connecticut, Delaware, New Hampshire, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, Virginia, Washington, DC, and West Virginia. Astrum Solar's mission is to spread solar power to the rooftops of America and to ensure that its customers get the most out of their solar panels: the most energy generated, the most electricity savings, the most beneficial environmental impact, and the most joy each time they see a sunny day. Astrum Solar was on the Inc. 500 Fastest Growing Companies List in 2012 and 2013. (www.astrumsolar.com)
About Hudson Clean Energy
Hudson Clean Energy is a leading private equity and infrastructure firm based in Teaneck, NJ making privately negotiated investments in the dynamic and high-growth clean energy industry.
Global in scope, Hudson is dedicated to investing exclusively in renewable power, alternative fuels and energy smart technologies, in sectors that include wind and solar energy, biofuels, biomass, geothermal energy, energy efficiency and storage. Hudson typically invests in high-growth, asset-based, capital-intensive segments of the clean energy value chain with minimal technology development risk, primarily in control and shared-control positions.
Further information about Hudson can be found at www.HudsonCEP.com.