BayWa r.e. partners with Spruce Finance to offer a new financing product

BayWa r.e.’s national dealer network will have access to Spruce loan products that help them grow their businesses and empower consumers to control their energy choices.

SANTA FE, N.M. & MUNICH--(BUSINESS WIRE)--BayWa r.e. offers a new finance product for its US solar distribution customers. The consumer financing from Spruce Finance Inc. provides contractors and homeowners with a simple and affordable solar loan process. BayWa r.e.'s national dealer network will have access to Spruce loan products that help them grow their businesses and empower consumers to control their energy choices.


BayWa r.e. helps independent solar installation companies build stronger and more competitive sales and installation capabilities. The Spruce loans allow members of BayWa r.e.'s dealer network to improve their cash flow and pipeline management while offering attractive financing to homeowners.

"Spruce's loans are a great addition to our finance program. They will allow independent installers to grow with fewer constraints and compete with larger national players," said Boaz Soifer, CEO of BayWa r.e. Solar Systems LLC.

Webinars about the Spruce loans and how they can benefit BayWa r.e.'s dealer network and its homeowner customers will be held in the coming weeks. Contact r.e.focus.us@baywa-re.com for further details on the program and webinars.

BayWa r.e. renewable energy GmbH (BayWa r.e.):

BayWa r.e. renewable energy GmbH is a wholly-owned subsidiary of BayWa AG and combines the activities of the solar, wind, bio- and geothermal energy business sectors. BayWa r.e.'s core markets are Europe and the USA. The German-based company is a "full-service-partner", employing around 900 and drawing on more than 20 years of experience in the market. Today, BayWa r.e. develops, realizes, consults on and supports renewable energy projects. In addition, the company operates and maintains renewable energy plants. Further business activities include wholesaling PV components, as well as purchasing and trading in green energy.

BayWa r.e.'s US subsidiaries are active in the solar and wind markets of the Americas. They focus on projects and O&M business and the distribution of PV components.

BayWa r.e.'s parent company, BayWa AG, is an international trading and service enterprise with core areas of business in the agriculture, energy and construction sectors.

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