XsunX Expands Financing Options to Include a Low-Cost Solar PV System Purchase Strategy for Its Commercial & Industrial Clients
April 10 2014 - 8:15AM
Marketwired
XsunX Expands Financing Options to Include a Low-Cost Solar PV
System Purchase Strategy for Its Commercial & Industrial
Clients
Company Continues to Add to New Commercial Solar System Sales
and Expands Finance Options to Better Service Clients' Business
Needs
ALISO VIEJO, CA--(Marketwired - Apr 10, 2014) - XsunX, Inc.
(OTCQB: XSNX), a renewable energy technology, systems, and services
company, today announced that the Company is now including a very
low cost leasing program option in all of its new solar system
proposals. The program is designed to allow commercial clients to
own their solar systems free and clear in as little as 6 years for
less than the original XsunX invoice price.
The Company's current low interest financing option has helped
to attract customers and make sales allowing XsunX to add another
35kW system sale just this week. But, over the past months the
Company has encountered clients whose business needs were not
solved through a cash purchase or low interest conventional
financing option, leaving some prospective clients unable to
monetize the tremendous tax benefits offered through investing in a
commercial solar system. These clients needed a third option that
could better service their business and cash flow needs.
"We believe that our new solar system tax-lease program provides
that third low cost option, and we are excited about leveraging
this new customer friendly program to increase our system sales,"
stated XsunX CEO, Tom Djokovich.
The Company was approved to begin marketing the
lease-with-purchase option this week, and in just the first few
solar system proposals the Company is seeing the potential for as
much as a 25% reduction in net solar system purchase costs for
clients, and in most instances, an immediate reduction to the
client's monthly cash flow requirements.
Mr. Djokovich continued, "Through our new tax-lease program our
leasing agent retains the tax benefits, allowing them to offer very
attractive fixed lease rates, and our customers can benefit from
immediate reductions to their operating costs. If the customer
elects to exercise the system buy-out provision at the end of the
lease, the combined lease payments and buy-out costs can come to
less than what XsunX was paid to design and install the solar
system."
Making this lease program even more attractive, the Company's
clients can keep and use any up-front utility rebates and
government cash incentives to operate or expand their business. The
Company is offering the tax-lease option to qualified customers for
solar systems with installed costs of between $100,000 to $5
million dollars.
The Company is continuing to target the commercial and
industrial PV installations market throughout the greater Southern
California region with a goal of reaching 1 MW per month in
commercial PV installations.
About XsunX
XsunX focuses on providing solar energy solutions that provide
the greatest bottom-line financial benefits. The Company's
background and experience spans virtually all aspects of solar
including technology assessment, design, and development. We have a
deep passion for solar and have worked to pioneer new technologies
and solar business solutions focused at making solar an affordable
energy option. For more information, please visit the Company's
website at www.xsunx.com.
Safe Harbor Statement
Matters discussed in this release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements other than statements of
historical facts included in this press release are forward-looking
statements. These statements relate to future events or to the
Company's future financial performance, and involve known and
unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to
be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
forward-looking statements. Investors should not place any undue
reliance on forward-looking statements since they involve known and
unknown, uncertainties and other factors which are, in some cases,
beyond the Company's control which could, and likely will,
materially affect actual results, levels of activity, performance
or achievements. Any forward-looking statement reflects the
Company's current views with respect to future events and is
subject to these and other risks, uncertainties and assumptions
relating to operations, results of operations, growth strategy and
liquidity. Such risks, uncertainties and other factors, which could
impact the Company and the forward-looking statements contained
herein, are included in the Company's filings with the Securities
and Exchange Commission. The Company assumes no obligation to
publicly update or revise these forward-looking statements for any
reason, or to update the reasons actual results could differ
materially from those anticipated in these forward-looking
statements, even if new information becomes available in the
future.
Contact: XsunX, Inc. Tom Djokovich President and CEO
949-330-8060
info@xsunx.com
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