News Article
XsunX sales accelerate in Southern California
The company has added over 1 MW of commercial solar system proposals in June alone
XsunX, a solar energy solutions provider, has expanded its sales force and new financing options have resulted in accelerating the pace of sales and the number of solar system proposals in the company’s sales pipeline.
“The level of interest we are seeing in commercial solar systems is quite extraordinary,” states XsunX CEO, Tom Djokovich. “In June alone we added over 1-megawatt of commercial solar system proposals to our sales pipeline totalling over $3 million, and that’s just the beginning of what we see as increasing business opportunities through the expansion of our commercial systems sales force.”
Central to the company’s sales efforts has been the addition of multiple financing programs designed to offer clients options tailored to their needs. Djokovich continues, “Initially, we offered a zero down loan program that worked for some customers, but we were seeing a substantial amount of potential business left on the table because we could not match clients’ cash-flow needs with system finance options. To overcome this challenge, we now offer access to a range of programs in addition to our zero down loan program such as lease-to-own, PACE and Hero property tax assessment financing, and power purchase options for non-profits.”
Helping to fuel the company’s growing success in the commercial solar systems market are the increasing efforts of businesses to control and reduce their energy costs.
These efforts are fuelled by a number of factors, including:
The California Public Utility Commission’s (CPUC) recent approval for rate increases of as much as 50 percent for large commercial users
Increasing cost for natural gas used to produce about 60% of power generated in California
The loss of 2.2 GW of power production from the shutdown of the San Onofre Nuclear Power Plant coupled with increasing competition and demand for power in the state
The anticipation of higher energy costs under California’s new AB32 cap-and-trade laws known as the Global Warming Solutions Act
“With nearly all indicators pointing toward substantially higher electricity costs, it’s only natural that businesses are beginning to see investments in solar energy as a wise decision with excellent returns,” concludes Djokovich.
“The level of interest we are seeing in commercial solar systems is quite extraordinary,” states XsunX CEO, Tom Djokovich. “In June alone we added over 1-megawatt of commercial solar system proposals to our sales pipeline totalling over $3 million, and that’s just the beginning of what we see as increasing business opportunities through the expansion of our commercial systems sales force.”
Central to the company’s sales efforts has been the addition of multiple financing programs designed to offer clients options tailored to their needs. Djokovich continues, “Initially, we offered a zero down loan program that worked for some customers, but we were seeing a substantial amount of potential business left on the table because we could not match clients’ cash-flow needs with system finance options. To overcome this challenge, we now offer access to a range of programs in addition to our zero down loan program such as lease-to-own, PACE and Hero property tax assessment financing, and power purchase options for non-profits.”
Helping to fuel the company’s growing success in the commercial solar systems market are the increasing efforts of businesses to control and reduce their energy costs.
These efforts are fuelled by a number of factors, including:
The California Public Utility Commission’s (CPUC) recent approval for rate increases of as much as 50 percent for large commercial users
Increasing cost for natural gas used to produce about 60% of power generated in California
The loss of 2.2 GW of power production from the shutdown of the San Onofre Nuclear Power Plant coupled with increasing competition and demand for power in the state
The anticipation of higher energy costs under California’s new AB32 cap-and-trade laws known as the Global Warming Solutions Act
“With nearly all indicators pointing toward substantially higher electricity costs, it’s only natural that businesses are beginning to see investments in solar energy as a wise decision with excellent returns,” concludes Djokovich.
