BayWa r.e., a wholly owned subsidiary of BayWa AG, has partnered with Spruce Finance Inc. to offer a new finance product for its U.S. solar distribution customers.
BayWa r.e. says it helps independent solar installation companies build stronger and more competitive sales and installation capabilities, and the Spruce loans allow members of BayWa r.e.’s dealer network to improve their cashflow 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,” says Boaz Soifer, CEO of BayWa r.e. Solar Systems LLC.