BayWa r.e. Solar Systems LLC has announced a partnership with Sunlight Financial to help address cash flow challenges for solar contractors.
BayWa r.e. Solar Systems LLC has announced a partnership with Sunlight Financial LLC to help address cash flow challenges for residential solar contractors during the pandemic. This new program offers solar contractors greater flexibility in project financing and procurement.
“Many contractors have limited cash on hand to spend on materials right now,” says Rachel Schapira, Director of Residential Finance at BayWa r.e. Solar Systems LLC. “Thanks to Sunlight Financial, our new program addresses this challenge by allowing qualified contractors to order equipment from BayWa r.e. Solar Systems with no cash up front.”
The program offers flexibility and stability to solar contractors, many of whom are small businesses, without adding operational complexity. Contractors don’t need to worry about how they will buy equipment at the time they run credit for a homeowner. They can order the materials they need through the direct pay program at the normal time they do procurement. With this program, qualified contractors can get more out of their credit lines — improving cash flow and allowing more financial flexibility during this period of uncertainty.
“It’s also one less bill to pay,” says Schapira. “Contractors can place an order with BayWa r.e. Solar Systems, and we will ship them the materials, then Sunlight Financial will pay BayWa r.e. directly. Contractors can focus on making the sale and getting solar installed — it’s a very straightforward process.”
Interested solar partners should inquire with their BayWa r.e. Solar Systems sales representative to learn more, or request one via www.solar-distribution-us.baywa-re.com/contact-us. The program is available in the United States for U.S. businesses only.
BayWa r.e. Solar Systems LLC supplies solar installers in the United States with best-in-class components, business planning advice, and a community of experts. Learn more at www.solar-distribution.com, follow us on LinkedIn and Twitter, subscribe to our podcasts and YouTube, and bookmark our daily updated COVID-19 resource page. Part of the BayWa r.e. global family of renewable energy companies.