Prospective owners can now borrow as little as $50,000, or as much as $5 million, with no equity or loan-to-value restrictions.
SANTA FE, N.M. & MUNICH--Today BayWa r.e. announced a new fixed-rate finance product for its customers in the US solar distribution business in the Commercial Solar sector. This addition to BayWa r.e.s finance offering now allows business customers to go solar with no money down and attractive 15-year fixed interest rates.
Prospective owners can now borrow as little as $50,000, or as much as $5 million, with no equity or loan-to-value restrictions. This new offering vastly expands the attractiveness of solar for many commercial systems that have traditionally not qualified for financing.
"We're excited to introduce this financing to the US market. Small commercial property owners have been searching for an economical and easy way to go solar, and these loans answer the call," Boaz Soifer, responsible for the US solar distribution business and CEO of BayWa r.e. Solar Systems, summarizes.
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. has its head office in Munich (Germany). Its core markets are Europe and the USA. The company is a "full-service-partner", employing around 1000 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.
In the US, BayWa r.e. maintains offices in San Diego and Irvine (CA) as well as in Santa Fe (NM). There, the company focuses on solar and wind energy projects as well as distributing PV components. The company's performance spectrum also includes services in connection with operating renewable energy plants.
Its parent company, BayWa AG, is an international trading and service enterprise with core areas of business in the agriculture, energy and construction sectors.