SolarWorld Introduces Industry’s First All-American Solar Financing

  SolarWorld Introduces Industry’s First All-American Solar Financing

Freedom^TM Plan pairs flexible payment options with American-made quality and
                                  aesthetics

Business Wire

HILLSBORO, Ore. -- February 12, 2013

SolarWorld, the largest U.S. solar manufacturer for more than 35 years, has
launched the SolarWorld Freedom^TM Plan, the solar industry’s first financing
program dedicated exclusively to American-made solar products. The program is
designed for homeowners seeking freedom from rising utility costs by replacing
a portion of their electricity bill with a low monthly solar-power payment.
Unlike competitors’ financing programs, the SolarWorld Freedom^TM Plan
guarantees the use of high-quality American-made solar panels in every
installation, responding to American consumers’ recently surveyed strong
preference for products made in the USA.

“The majority of leased solar systems installed in the U.S. last year relied
on imported panels from China,” said Rusty Pittman, director of marketing for
SolarWorld Americas. “Increasingly, Americans are seeking out U.S.-made
products, not only to provide them with quality, safety and environmental
assurances, but also to enable them to invest in their local and national
economies.”

American consumers strongly believe that American-made products are of better
quality than imports, according to a survey released last month by Harris
Interactive and the Made in the USA Foundation. In fact, 75 percent of U.S.
consumers said they would pay more for American-made products of the same or
better quality than imported goods.

With zero-down, low-down and prepaid options, the SolarWorld Freedom^TM Plan
gives homeowners the freedom to choose how they finance their American-made
solar investment and minimize their up-front costs. The plan is offered in
conjunction with SolarWorld’s complete solar-electric systems, which include
photovoltaic equipment, installation, monitoring services, system insurance
and maintenance for up to 20 years.

SolarWorld launched the Freedom^TM Plan in California this month through its
network of authorized installers. In the coming months, SolarWorld will expand
the Freedom Plan into additional U.S. solar markets, including Arizona,
Colorado, Connecticut, Hawaii, Maryland, Massachusetts, New Jersey and New
York.

“My SolarWorld system really cut my electric bill, and I was able to go solar
with no money down through financing,” said Glen Takabayashi, a retired Marine
colonel and homeowner in Temecula, Calif., whose solar array was installed by
Orange County-based Infinity Solar, a SolarWorld Authorized Installer that
offers the Freedom Plan. “I also felt good about buying solar made here in the
U.S. because I think it’s important to support American jobs.”

About SolarWorld (www.SolarWorld.com):

SolarWorld manufactures solar power systems and in doing so contributes to a
cleaner energy supply worldwide. The company, located in Bonn, employs about
2,600 people and carries out production in Freiberg, Germany, and Hillsboro,
Oregon, USA. From raw material silicon to the solar module, SolarWorld manages
all stages of production ‒ including its own research and development. Through
an international distribution network, SolarWorld supplies customers all over
the world with solar modules and complete systems. The company maintains high
social standards at all locations across the globe and has committed itself to
resource- and energy-efficient production. SolarWorld has been publicly traded
on the stock market since 1999 and is quoted in the technology index TecDax.
SolarWorld achieved sales of about 1 billion Euros for the fiscal year 2011.

Contact:

SolarWorld Industries America
Devon Cichoski, 805-388-6388
Mobile: 805-377-2905
Devon.Cichoski@SolarWorld-USA.com
 
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