Aleo Solar is the Germany-based parent company of Aleo Solar Group, operating in the photovoltaic sector. The Company is operational in one business segment, solar modules. It develops and manufactures solar modules using mono- and multicrystalline solar cells, for the German and international photovoltaic market, as well as it sells other equipment for solar modules (merchandise). It operates two productions facilities: in Prenzlau, Germany and in Santa Maria de Palautordera, Spain. The Company has five wholly owned subsidiaries, aleo solar Dritte Produktion GmbH, aleo solar Italia Srl, aleo solar Espana SL, aleo solar distribucion Espana SL and aleo solar Deutschland GmbH, under the aleo brand name1.
1. Aleo Solar prides itself on helping people lessen their carbon footprint while simultaneously providing a means by which they may be able to incur a profit. The company has three attractive claims tagged to the use of their product which are;
1.1 Reduce your carbon footprint: It is marketed as a very viabale means by which a consmuer myabe able to help the environment.
1.2 Save up to 75% of your system cost with state rebates and federal tax credits: Many States have up front rebates that can help you purchase your aleo PV system. You will also receive a 30% federal tax credit. Together, these incentives make PV an affordable solution you can stand behind.
1.3 After installation: Your electric meter spins backwards: After your PV system is installed, you will at times produce more clean energy than you are consuming. At these times, your electric meter will actually spin backwards. Your aleo PV system helps you save money every day.1
1. German technology giant Bosch has became the majority stakeholder in Aleo Solar AG in November 2009. Bosch secured 68.7 per cent of Aleo, which specialises in mono and polycrystalline solar cells.1