Westinghouse Solar residential systems sold in the U.S. are backed by a 20-year warranty. The loan program also allows Westinghouse Solar customers to retain the full benefit of available tax credits and other renewable energy incentives, and to avoid potential issues involved with transfer of leases or power purchase agreements (PPAs) if/when they sell their homes. Use of the solar loan program also ensures that local incentives benefit residents in participating communities and enhance local economic growth.
“We’re delighted by the strong response to the Westinghouse brand we’re receiving in the Greater Boston area. Our new loan facility lets us offer a zero-down solar offering with competitive financing terms that provide favorable economics for the customer. Given the many benefits associated with a Westinghouse Solar system and this financing option, we expect the high conversion rate we’re experiencing will continue. This bodes well for Westinghouse Solar as we commence our advertising and marketing campaign,” said James Greer, SVP of Westinghouse Solar U.S.
Mr. Greer continued, “We’re confident that CBD Energy’s extensive experience in residential, commercial and utility solar installations will serve us well as we launch a full spectrum of services under the Westinghouse Solar brand in targeted regions across the United States.”
Established in 1989, CBD Energy Limited, or CBD, is a diversified renewable energy company and a global leader in solar installations. Powered by a management team with deep experience in the energy sector and strong engineering capabilities, CBD is focused on the integration of residential solar, commercial and industrial solar, small utility scale solar and wind projects, in three principal markets – Australia, the U.S. and UK.
Headquartered in Sydney, with principal regional offices in London and New York, CBD has completed projects across four continents, in countries as far-reaching as Australia, Fiji, Germany, Italy, New Zealand, the UK and the U.S. CBD has installed more than 17,000 residential systems and developed large renewable energy projects such as the 107MW wind farm in Taralga, NSW. CBD markets its residential and commercial solar installations under the name Westinghouse Solar, using the WESTINGHOUSE(R) trademark pursuant to an exclusive, long-term worldwide license. For further information on CBD Energy Limited and Westinghouse Solar, please visit:
This news release contains ‘forward-‘ statements. Such forward-looking statements can be identified by, amongst other things, the use of forward-looking language, such as the words ‘plan’, ‘believe’, ‘expect’, ‘anticipate’, ‘intend’, ‘estimate’, ‘project’, ‘may’, ‘would’, ‘could’, ‘should’, ‘seeks’, or ‘scheduled to’, or other similar words, or the negative of these terms, or other variations of these terms or comparable language, or by discussion of strategy or intentions.
The forward-looking statements in this release include statements regarding the capacity and demand for our residential solar systems, the demand for related solar system loans, the adequacy of our loan credit facility to meet such demand, the competitiveness of such loans and other financing options we offer and our prospective sales of residential solar systems. Such forward-looking statements are subject to various risks, as well as those set forth in the Corporation’s most recent Form F-1, as filed with the U.S. Securities and Exchange Commission (SEC),and involve assumptions, estimates, and uncertainties that reflect current internal projections, expectations or beliefs. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All forward looking statements contained in this news release are qualified in their entirety by these cautionary statements and the risk factors described above. Furthermore, allsuch statements are made as of the date of this release, and CBD Energy Limited assumes no obligation to update or revise these statementsunless otherwise required by law.