UpSolar makes PV module financing available via lending platform Wunder Capital

Wunder Capital and UpSolar America announced a partnership that will bring flexible-term equipment financing to UpSolar’s PV customers.

upsolarWunder Capital is a financial technology company that provides financing to solar projects throughout the country. Based in Boulder, Colo., Wunder allows accredited individuals, trusts, family offices, foundations, hedge funds and pension funds to invest in the country’s new solar infrastructure. Wunder’s software-based approach is dedicated to removing logistical barriers and high costs from solar investing, passing the savings on to investors and borrowers.

With this program, purchasers of UpSolar products will have the option to finance their order with a Wunder Bridge Loan — short term, equipment-backed, interest-only loans. Thanks to a seamless application process, Wunder can provide secured financing for qualified projects in as little as 5 days.

RELATED: Four steps for converting more solar sales 

“We are excited to be able to offer our customers with an equipment financing option that is quick and flexible. This offer allows our customers to get more projects done without having to worry about juggling credit limits and balance sheets.” says Stephane Dufrenne, President of Upsolar America.

The equipment-backed loans allow for a more project-specific review lense and are available for commercial projects with procurement financing need of up to $250K. With flexible terms from 3 to 12 months, the loans have friendly payback terms and extension options in the event of unexpected shipping or project delays.

“We are looking forward to helping Upsolar customers get more projects done, faster. Construction and equipment finance has been used on larger projects for years, we are making those same benefits accessible to smaller projects with a more efficient and cost effective process,” said Bryan Birsic, CEO of Wunder.

For more on Wunder Capital, visit their website.

Have you checked out our YouTube page?

We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.

Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We discuss everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.

Tags: , ,