BayWa re and GoodLeap provide financing packages for solar and storage programs for residential buildings

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BayWa re, a US distributor of solar and energy storage components and systems, has partnered with GoodLeap, a point-of-sale technology platform for sustainable living solutions. As a result of the partnership, GoodLeap will be included in BayWa re's split-pay financing program, which is available to BayWa re's solar and energy storage installers.

The split-pay financing program offers solar companies an optimized way of financing their systems from a single source. Split Pay's simple process, coupled with GoodLeap's redefined criteria for installer eligibility, means more options for installer approvals, higher completion rates for homeowners, and more gross profits for installers.

“We heard what keeps solar companies awake at night – cash flow worries,” says Rachel Schapira, Head of Housing Finance at BayWa re Solar Systems. “By reducing these credit crunch concerns, our partnership with GoodLeap gives contractors the equipment they need from a single source – rather than multiple vendors – so they can complete more installations and grow their businesses. We have developed a streamlined process that makes Split Pay one of the most easily accessible finance programs for our network of installers. “

Solar loans continue to dominate the private solar finance market. According to Wood Mackenzie data cited in the US Solar Market Insight: 2020 Year in Review report, loans rose from 50% market share in the first half of 2020 to 60% in the second half. The research group assumes that the proportion of loans will continue to rise this year. Innovations such as the split-pay program and long-term, low-interest loans with modest monthly payments have driven growth.


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