Our last update outlined a number of milestones that XsunX has achieved in rolling out and strengthening our ability to compete effectively for the sale of commercial solar power systems in California. The key takeaway is that we are achieving sales results, getting paid, and building market momentum.
Now with a very qualified group of engineers, material suppliers, subcontractors, and project lenders, we can price, design, finance, and deliver commercial systems with confidence, and at very competitive rates. The key now to increasing sales volumes, we believe, is in expanding the ways customers can choose to pay for a solar system or solar power.
The common thread with virtually every business we meet is that they can experience meaningful benefits through the addition of a solar power system, but there is no common thread as to which financing method works best for each company.
So to better service clients, we are expanding our current zero-down low interest loan program to include the followingoptions that we believe match the diversity in clients’ needs and objectives:
- Zero-down, long-term lease-to-own program providing exceptional low cost financing, and the ability for our clients to keep any cash PV installation incentives, and;
- For larger commercial systems of ¼ megawatt and up, we are working to offer a power purchase option that would provide a client with a lower cost long term source for their power needs.
We recently began to market our zero-down lease-to-own option and we are very pleased with how it can immediately improve a client’s cash flow requirements while still providing a low cost long term solution to owning a solar power system. And, with the added benefit of allowing a client to keep any cash incentives we anticipate strong results with this program.
Our power purchase program, which we are working to complete, focuses on two primary and important business development objectives for XsunX. They are:
- First, many larger businesses rely on a diverse set of suppliers to provide and manage services rather than do everything themselves. For these companies, XsunX would offer long term power purchase agreements (PPA’s) through which a business could rely on the ability to control and predict their power costs without having to manage how or where the power comes from.
- Second, while we see the commercial solar power system market offering tremendous sales and revenue potential, we want to add long term revenue opportunities for XsunX through the sale of power produced by the systems we design and install. We believe that the PPA program can help to accomplish that goal.
The bottom line is that every business relies on electricity, and virtually every business can benefit from the addition of solar power. Our goal at XsunX is to make that addition as easy and beneficial for our clients as possible through diverse and low cost financing solutions.
Have a great rest of your week,
Tom Djokovich, CEO
XsunX focuses on providing solar energy solutions that provide the greatest bottom-line financial benefits. The Company’s background and experience spans virtually all aspects of solar including technology assessment, design, and development. We have a deep passion for solar and have worked to pioneer new technologies and solar business solutions focused at making solar an affordable energy option. For more information, please visit the Company’s website at xsunx.com, or to learn more about the benefits of solar energy for your business schedule a free PV project assessment.
Tom Djokovich, President and CEO
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