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MARCH 28, 2012





To Provide Lease Financing For Commercial Solar Hot Water Systems


RICHMOND, CA, March 28, 2012 – Heliodyne Inc., America’s oldest and most established manufacturer of solar thermal systems is pleased to announce a partnership with H3O Funding. This partnership is aimed at commercial solar hot water projects that cost between $150,000 and $2.5 million and provides flexible capital for their purchase and installation.

Heliodyne manufactures and supplies solar flat plate collectors, heat transfer appliances and temperature control equipment used for the production of hot water. They offer systems intended for both commercial and residential applications.

H3O Funding, based in Oakland, CA, purchases solar thermal systems and installs them on buildings at no cost to the property owner. Property owners lease the system from H3O at a price that is less than their utility bill would have been without the solar hot water system.

About Heliodyne:

Established in 1976, Heliodyne designs and manufactures high quality solar hot water systems for both commercial and residential applications. With offices and manufacturing in Richmond, California, the company provides a comprehensive line of solar thermal water heating products including the GOBI line of solar flat plate collectors and the Helio line of heat transfer appliances.

Heliodyne is the North American branch of SolarCAP, the active parent company of VKR Group’s thermal solar energy business, a holding company based in Denmark



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4910 Seaport Avenue Richmond, CA 94804
T: 510.237.9614 F: 510.237.7018
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