US-based Sungage Financial, a prominent player in residential solar financing, has formed a strategic partnership with BayWa r.e. Solar Systems, a distributor specializing in residential and commercial solar and storage equipment. According to Sungage, this collaboration aims to simplify financing and procurement for shared installers in the solar sector. Installers will now have the option to purchase equipment from BayWa r.e. without upfront payment, using Sungage-specific funds once project financing is secured. This arrangement, Sungage claims, will enable installers to better manage cash flow, focus on profitability, and expand their project portfolios. BayWa r.e. highlights that its split-pay financing program supports customer business growth by easing working capital constraints. The partnership, BayWa r.e. notes, enhances in-home conversions, increasing solar and storage adoption in the US.
Sungage Financial partners BayWa r.e. to enhance solar financing
Sungage’s partnership with BayWa r.e. strengthens solar installers’ financial standing, boosting solar adoption across the US. (Image Source: Sungage Financial)
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