Solar Energy Initiatives Partners With a Major Funding Source

Solar Energy Initiatives, Inc., executing on a grass roots campaign, “RENEW THE NATION,” to help redeploy a portion of the U.S. work force and focus on reducing the world’s dependence on fossil fuels by selling solar thermal and photovoltaic (PV) technologies, today announced the signing of a Project Funding Agreement with a financial services company located in the Northeast United States.

The terms of the agreement state that the financial services company and SNRY will work jointly on projects whereby SNRY will provide Engineering, Procurement and Construction management services and the financial services company will provide project identification and funding services for jointly developed projects. SNRY receives revenues not only from the sale of the solar equipment and balance of system but also from the energy sold to the municipality, recognizing energy sales over an approximate 20 year contract period.

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