LG Electronics and Grasshopper Solar Announce Solar Power Partnership

Two experienced solar panel companies join forces under Ontario's microFIT Program

MISSISSAUGA, ON, July 25, 2017 /CNW/ - Grasshopper Solar, Canada's largest solar company, is pleased to announce its partnership with LG Electronics. Today, all of Grasshopper's Guaranteed Funding solar system installations in Ontario will feature LG solar panels. The partnership brings together 10 years of solar experience backed by more than 50 years of technology excellence.  

"We know that 87% of Canadians support renewable energy adoption, and we're thrilled to partner to provide Ontarians with innovative, high quality solar panels and a 25-year performance guarantee," explains Jason Hibbard, VP Residential Operations, Grasshopper Solar. "Today our partnership is Ontario-focused as the province's microFIT program comes to an end at the end of 2017, but our vision is to expand further into Canada and across the border in the future."

Ontario's microFIT Program launched in October 2009 in an effort to increase the amount of renewable energy produced in the province and is part of the largest clean energy programs in North America. Under microFIT, homeowners who go solar are currently guaranteed a fixed rate of 28.8 cents per kWh for 20 years from the province, earning them up to $3600 per year. Under its Guaranteed Funding Program, Grasshopper Solar leverages the microFIT program to finance your system from design to connection and finally to ownership by the end of your lease, including insurance and maintenance of the LG panels. Both programs are coming to an end in December 2017 (as such, homeowners are encouraged to apply before mid-November in order to qualify for both programs).

"Homeowners who are considering solar installs need to know that their system will be supported and maintained into the future, which means they need a trusted brand – through this partnership they get two," says Shaun Lew, Solar Business Account Manager, LG Electronics. "As a proud clean energy supporter, we hope Ontarians are inspired to join us in the Guaranteed Funding Program and help Canada to fight climate change, reduce greenhouse gas pollution and transition to a low-carbon economy."

To see if your property qualifies for Grasshopper Solar's Guaranteed Funding Program, please visit: http://www.grasshoppersolar.com/solarprograms/guaranteed-funding-program/. You can also follow Grasshopper Solar on Facebook and Twitter.

About LG Electronics.
LG Electronics, Inc., is one of the world's leading corporations and a technological powerhouse for electronic, information and communication products. The global Group currently has more than 75,000 employees in 118 subsidiaries around the world. The Group consists of four main business units -- Home Entertainment, Mobile Communications, Home Appliance and Air Conditioning & Energy Solutions --and achieved an overall turnover of 48billion USD in the fiscal year 2016. LG is one of the world's largest manufacturers of mobile phones, flat screen TVs, air conditioning equipment, washing machines and cooling units. A forward-looking corporate group, LG is also using its financial and technological prowess to expand the business, producing high-quality solar cells, modules which are manufactured in Korea, the leading production location.

About Grasshopper Solar 
Grasshopper was founded in 2007 by Azeem M. Qureshi to address the need for efficient deployment of solar energy generation, energy efficiency & related services by creating a vertically integrated platform to deliver end to end solutions. Through the last 10 years the company has grown to become the largest solar provider and asset owner with $250M of solar assets in Canada with a team of 300+ people with projects under development in countries like US and Japan. Grasshopper Solar has been the recipient of multiple national industry awards including Solar Innovator of the Year, Project Finance Innovator of the Year and Solar Developer of the Year for continued industry leadership. 

SOURCE Grasshopper Solar

For further information: For media inquiries, please contact: yvonne.villeneuve@grasshoppersolar.com.

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