JinkoSolar Partners with GreenSky® to Offer Nationwide Residential Solar Loans in the U.S.
SHANGHAI, Feb. 22, 2016 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar”), a global leader in the photovoltaic (PV) industry, today announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc., will begin offering residential solar financing to its customers through the GreenSky® Program (“GreenSky”) in the U.S.
Installers who purchase JinkoSolar PV modules can now register to use GreenSky’s competitive loan program and its technology platform, which includes a mobile application to help installers get homeowners approved in a process that is paperless, fast, and easy. There will also be a call center to help installers or homeowners with any questions. Uniquely, JinkoSolar’s installers can receive progress payments on each installation, creating better cash flow and an opportunity to tackle more jobs.
“Our mission aligns nicely with GreenSky’s mission. We seek to help our installers grow and delight their customers,” said Jeff Juger, Director of Business Development of JinkoSolar (U.S.) Inc. “Many installers are technically proficient but lack the financing options that appeal to homeowners. This program will give our installers a competitive edge, as homeowners increasingly look to own their own solar systems. In all, we believe this offer will allow installers to earn more business and homeowners to put solar cost-effectively on their rooftops.”
“As one of the largest home improvement loan programs in the country, we have worked with some of the largest retailers and name brand manufacturers in the U.S. We vet our partners carefully and think that JinkoSolar’s quality and operations records speak for themselves,” said Jeffrey Gold, Senior Vice President of Account Management at GreenSky. “We have already financed $600 million in solar systems and are excited to work with JinkoSolar to make clean electricity more affordable to Americans.”
The program is available immediately in all 50 states. Homeowners who own the system can take full advantage of the federal investment tax credits, as well as any local and state incentives. Interested installers can find out more information at http://greensky.com/sponsor/jinko.
About JinkoSolar Holding Co., Ltd.
JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 3 GW for silicon ingots and wafers, 2.5 GW for solar cells, and 4.0 GW for solar modules, as of September 30, 2015. JinkoSolar also sells electricity in China, and has connected approximately 846 MW of solar power projects to the grid, as of September 30, 2015.
JinkoSolar has over 15,000 employees across its 5 productions facilities in Jiangxi and Zhejiang Provinces, China, Malaysia, Portugal and South Africa, 12 global sales offices in China, Spain, the United Kingdom, the United Arab Emirates, Jordan, Saudi Arabia, Egypt, Morocco, Ghana, Brazil, Costa Rica and Mexico and 11 oversea subsidiaries in Germany, Italy, Switzerland, the United States, Canada, Australia, Singapore, Japan, India, South Africa and Chile.
To find out more, please see: www.jinkosolar.com
GreenSky, LLC, one of the leading financial technology companies in the country, provides technology-enabled, payment solutions that power our partners to close more deals and create loyal customers. In just nine years, GreenSky® has exploded into a multi-billion dollar company that has helped more than 8,000 merchants provide fast, frictionless and easy financing options to more than 500,000 consumers. GreenSky® consumer credit programs financing is provided by federally insured, federal and state chartered financial institutions without regard to regard to race, color, religion, national origin, sex or familial status. GreenSky is based in Atlanta, Georgia.
More information can be found at Greensky.com.
Safe Harbor Statement
This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends, “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
For investor and media inquiries, please contact:
Mr. Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21 5183 3056
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SOURCE Jinko Solar Holding Co., Ltd.