BayWa r.e. in partnership with Energy Partners Credit Corporation to offer PPAs to small commercial solar market
Written By: Tracy Dawson Roses
September 10, 2015
On September 10, BayWa r.e. introduced new financing for the small-commercial solar market segment via an exclusive partnership with Energy Partners Credit Corporation.
The partnership is intended to enable BayWa r.e.’s network of contractors to offer solar and ancillary energy-saving upgrades without upfront costs to non-profit entities such as houses of worship, schools, HOAs, community organizations and hospitals & health organizations. Because non-profits cannot take advantage of the federal investment tax credit, it can be difficult for them to realize the economic benefits of solar economic through a direct purchase.
EPCC was founded by a group of experienced tax equity investors and has financed hundreds of small commercial solar installations. While the banking industry has typically viewed non-profit organizations as risky, EPCC has focused on this segment.
Boaz Soifer, responsible for the US-market and CEO of BayWa r.e. Solar Systems LLC, summarizes:
“We’re excited to partner with EPCC to offer local solar installers in key geographies a compelling way to engage non-profits. This has long been an underserved market segment, and could again be neglected if the Federal Investment Tax Credit is reduced as planned at the end of 2016. Our dealer network can now make hay while the sun shines!”