BayWa r.e. and Sungage partner to streamline solar equipment financing
Residential solar financing Sungage Financial and BayWa r.e. Solar Systems, a distributor of residential and commercial solar and storage equipment, announced a partnership that will streamline the financing and equipment procurement process for residential solar installers working with both.
This mutually-beneficial partnership will enable installer partners to order equipment from BayWa r.e. with no cash upfront and allot Sungage-specific funds to pay for equipment once a project funds. With the implementation of this seamless process, installers will be able to maintain cash flow, focus on their bottom lines and grow their project pipeline.
“We are pleased to announce our partnership with BayWa r.e., which aligns with our commitment to making solar energy more accessible. This collaboration will enhance our installer partners experience, while streamlining the financing process,” said Sungage Financial CEO Michael Gilroy.
BayWa r.e. split pay
Key to this partnership is BayWa r.e.’s split pay financing program, which alleviates the working capital constraints that solar installers face.
“We are excited to expand our program offering to now include Sungage. Through our partnership with Sungage, our customers will have access to competitive financing that translates to higher in-home conversions, resulting in more solar and storage being deployed in the U.S.,” said Ken Lima, CEO of BayWa r.e.
Sungage Financial LLC also offers flexible financing solutions at with lower monthly payments. Headquartered in Boston, MA, with offices in Oakland, CA, and teams in Hawaii and Utah, Sungage currently operates in 44 states as well as the District of Columbia.
Learn more about Split-Pay and other BayWa r.e. financing options in this edition of Power Forward!
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