BayWa r.e. Solar Systems LLC has announced a partnership with Billd, a payment solution that gives contractors access to funds with terms that mirror their repayment cycle.
“Payment cycles for commercial projects can be unpredictable,” says Guillaume Casanova, Director of Commercial Solutions at Baywa r.e. Solar Systems LLC. “This prevents many contractors from growing their business, or worse, puts their business at risk.”
Billd helps smooth out those transitions when cash flow is constricted, reducing stress and increasing growth potential.
“Now, more than ever, solar contractors have limited cash on hand,” continues Casanova. “But the Billd payment solution means contractors won’t have to come out of pocket to cover materials on behalf of the system owner. Contractors can defer payment on materials until the project is completed and they’ve been paid.”
Billd provides solar contractors up to 120-day terms on material purchases, with the first 30-days, same as cash. After 30 days, contractors have the flexibility to carry the balance at a fixed, competitive rate for an additional 90 days.
“I have been impressed by how simple and efficient the Billd payment solution is. The enrollment process is straightforward and only takes a few minutes. Billd’s responsiveness enables projects to get same-day approval and funding,” concluded Casanova.
Interested solar partners should contact their BayWa r.e. Solar Systems sales representative to learn more, or reach out at www.solar-distribution-us.baywa-re.com/contact-us. The program is available in the United States for U.S. businesses only.