Envision Solar — Solar Lease Program for New Jersey

SADDLE BROOK, NJ — (Mar­ketwire) — 02/22/11 — Amer­i­can Clean Energy and Envi­sion Solar (OTCBB: EVSI) intro­duced their newest prod­uct offer­ing for the com­mer­cial and indus­trial Solar mar­ket of New Jer­sey in con­junc­tion with the NJ BIZ Solar Energy Sym­po­sium held at the Palace in Som­er­set today. The offer­ing pack­ages a Solar Track­ing Tree™, a park­ing lot canopy based solar instal­la­tion that tracks the sun, uti­liz­ing the patented Envi­sion­Trak® tech­nol­ogy, with a sim­ple, low monthly lease pay­ment for the cus­tomer. This prod­uct offer­ing deliv­ers the ben­e­fits of Solar Power, the con­ve­nience of cov­ered park­ing spaces and the sim­plic­ity of a lease that imme­di­ately improves profit mar­gins to the cus­tomer. Addi­tion­ally the Solar Track­ing Tree™ columns are designed to accom­mo­date Elec­tric Vehi­cle Charg­ing sta­tions for addi­tional mar­ket­ing rev­enue or cus­tomer service.

Accord­ing to Steve Mor­gan, CEO of Amer­i­can Clean Energy, com­bin­ing this exclu­sive prod­uct from Envi­sion Solar Inter­na­tional with Amer­i­can Clean Energy’s Solar Lease option should dra­mat­i­cally sim­plify the deci­sion mak­ing for cus­tomers in New Jer­sey. “The prob­lem, par­tic­u­larly with smaller com­mer­cial solar canopy deploy­ments to date, has been the inabil­ity to attain scale and scope economies. Every instal­la­tion until now has been a one-off design with a one-off PPA/financing arrange­ment. This prod­uct offer­ing deliv­ers to the promise of an attrac­tive and func­tional solar canopy with financ­ing ‘in-a-box’. Con­struc­tion activ­i­ties are reduced to sim­ple foun­da­tion con­struc­tion, Solar Tree erec­tion and elec­tri­cal inter­con­nec­tion,” says Steve.

via Envi­sion Solar — Solar Lease Pro­gram for New Jer­sey.