Michigan-based Lease Corporation of America (LCA), one of the largest independent leasing firms in the US, has signed a deal with Envision Solar International to provide simple to use, low-cost financing solutions for its solar-powered products.
The new financing options include 36 to 72-month terms and low interest rates that deliver fast, cost-effective opportunities for capital constrained customers to take advantage of the benefits delivered by Envision’s suite of solar-powered EV charging, media and energy security products.
Envision, which is based in California, designs, manufactures and deploys a range of renewably energized, EV charging and media and branding systems. The company’s products include the patented EV ARC and Solar Tree product lines.
The company says its products already save customers money on installation and energy costs, and the move to leasing will enable it to offer products on low monthly payments. Customers who use the financing options will still be eligible for federal and state tax incentives, which can reduce total costs by as much as 58%.
“We know that capital management is highly important to our customers,” said Desmond Wheatley, CEO of Envision Solar. “This simple, low interest financing program means that it’s easier than ever to save money and time on installations of EV charging stations by financing an Envision Solar EV ARC or Solar Tree.”