CleanFund, a specialty direct provider of long-term PACE financing for renewable energy, energy efficiency, water conservation and seismic improvements to commercial properties in the U.S., and Soligent, a large-volume distributor of solar system products in the U.S., have entered a partnership to help solar equipment dealers sell more solar energy systems to commercial building owners.
More specifically, CleanFund has entered into an agreement with Solar Engine, a Soligent entity, to finance the purchase and installation of solar panel systems for commercial, multifamily, nonprofit and other nonresidential buildings in the U.S. Dealers and installers who are members of the Soligent network can now access CleanFund’s SolarPACE financing programs for their prospects and customers to drive growth in sales of solar systems.
The CleanFund/Soligent partnership comes as President Obama last week reiterated the Administration’s support for PACE as an effective mechanism to finance energy efficiency and renewable energy improvements to buildings.
“Our new partnership program with CleanFund can greatly help solar dealers grow commercial solar systems sales by making cost-effective financing readily available to property owners,” said Jeremy Doochin, Vice President of Business Development at Soligent. “Soligent dealers now have another powerful tool to help expand the market for commercial systems.”
CleanFund’s new SolarPACE program was designed specifically for solar project financing and enables commercial property owners to achieve immediate positive cash flow, with a financing term of up to 30 years to match the expected life of solar PV systems.
“Our capital will help Soligent dealers close more commercial sales,” said Brandon Deno, Vice President of Solar at CleanFund. “It’s a mutually beneficial partnership.”