Lightway Solar America Targets Residential Market as Approved Manufacturer for Sunnova Solar Lease Program

Aug 02, 2013, 08:30 ET from Lightway Solar

ISELIN, N.J., Aug. 2, 2013 /PRNewswire/ -- Lightway Solar America, Inc., the U.S. subsidiary of Lightway Green New Energy Co., Ltd., has announced their addition as an approved provider of modules to Sunnova Energy Corporation, a leading provider of long-term, low-cost solar electricity to homeowners. Lightway's network of installers and distributors, in partnership with Sunnova, will now be able to offer affordable solar power to homeowners in 18 states and US territories with no down payment and 25 years of price assurance backed by Sunnova's comprehensive system coverage. 

The timing of the partnership could not be better as Lightway also recently announced the launch of their Smart Module Series¸ black framed panels and the scheduled arrival of new, high efficiency panels to the U.S. market in Q4, 2013.  Combining high quality panels with financing options will give Lightway the differentiation and benefits needed to develop market share in the growing residential sector.

"In a residential market where 70 – 90% of solar systems are sold through lease financing, this partnership with Sunnova is a critical step for Lightway's entrance into the residential market that will allow our downstream distribution partners the ability to offer homeowners affordable electricity with ZERO out of pocket expenses resulting in savings from day one," says Peter Xie, CEO at Lightway Green New Energy Co., Ltd.

"Sunnova has high standards for our partners, both installers and equipment suppliers, and we are pleased to partner with Lightway due to their ability to provide bankable, high efficiency panels to support our long-term, low cost electricity option to homeowners," says Jordan Fruge, Sr. VP of Sales at Sunnova.

About Lightway Green New Energy Co., Ltd.

Lightway Solar, founded in 2008, known as a good quality products manufacturer, professional solution provider, as well as for outstanding customer service, has been recognized as a world-leading international company and is growing steadily. Through vertical integration, the company invests in quality solar projects and develops distributed generation, and has successfully accomplished solar projects of all kinds in a wide range of markets, including Europe, North America, China, Australia and Asian Pacific regions. In the view of sustainable development, Lightway is dedicated to meet the energy demands of a changing world.

For more information-

About Sunnova

Sunnova Energy Corporation offers a long-term, low-cost electricity option to homeowners through a Sunnova Solar Service Agreement. Our customers make a monthly payment for power, similar to an electricity bill, but with lower costs locked in for years to come. To deliver this low-cost electric service, Sunnova's best-in-class installation partners install a solar system on a customer's rooftop. Once the system is installed, Sunnova provides insurance and monitoring of the system and Sunnova's industry leading customer services oversees the maintenance.  Sunnova's solar service agreement provides our customers care-free electricity at a low price for many years to come. Sunnova is available to homeowners in more states than any other power company, with service in eighteen states and US territories.

For more information-

Contact:  William W.Sien
Contact No: 732-602-1932



SOURCE Lightway Solar