BayWa r.e. introduces new fixed-rate financing for small to mid-sized commercial PV projects
Recently 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.