SHELBY, N.C. (AP) — A designer and manufacturer of solar power mounting systems plans will set up its U.S. headquarters in Shelby and create more than 300 jobs at a production and distribution facility.

Gov. Beverly Perdue said Monday that Schletter Inc. will create the jobs by the end of 2016 and invest more than $27 million in the facility in Cleveland County.

Since 2008, Schletter has been manufacturing its photovoltaic mounting systems at its only U.S. production facility in Arizona. The company now supplies 25 percent of all solar mounting systems produced and delivered in the U.S.

The average compensation is expected to be almost $41,000 plus benefits. The average annual wage in Cleveland County is almost $33,000.

The project was made possible in part by state grants.