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Technology Stocks : Energy Conversion Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hoff who wrote (7987)	7/1/2005 8:33:30 PM
From: alfranco	Read Replies (1) \| Respond to of 8393

Tom, It is financial razzmatazz. We could call Rutledge (notably hired by SIT last Fall and previously advised the Calif Energy Commission and others on financing options for alternative energy) and get an answer or two. Meanwhile, my take on this is that large potential customers for solar roofs from SIT would prefer a lease arrangement that makes payment much less disruptive to their budgets. SIT doesn't have a vault full of cash which is where GE Financial comes in. SIT brings the customer to GE, GE sets up a "lease" that is essentially paid for by the customer's avoided electrical costs in their month to month utility budget (and they get a new 20year roof) and GE pays SIT upfront for the system installation and GE holds the rights to the system including I presume any Renewable Energy Credits. I'm content to let GE worry about GE's end of the deal but what I do like is that SIT has financing for up to 50MW of installations over the next 2 years. Now it is up to ECD machine building to move ahead rapidly with buildout of additional machinas so SIT has adequate supply to meet market demand in Europe, California and New Jersey. Al