CYPRESS, Calif. — The Photovoltaic Division of Mitsubishi Electric US Inc. has announced the introduction of a new consumer solar financing program for its contractors. The company said the financing program gives homeowners affordable options for purchasing a solar electric system, and helps contractors boost their sales by providing their customers with alternatives to leasing and power purchase agreements.

“Consumers who wish to install Mitsubishi Electric state-of-the-art photovoltaic modules now have the ability to finance their purchase, while our contractors can now offer more financial flexibility to their residential clientele,” said Gina Heng, vice president and general manager of Mitsubishi Electric US, Inc.’s Photovoltaic Division. “In order for contractors to fully leverage this new program, we want to ensure that they understand how it works and how it can benefit both them and their customers.”