Washington, DC: SolMarket, is proud to announce SolPurchase, an innovative group purchasing program for the solar industry designed to reduce solar equipment costs and simplify the equipment procurement process. The first SolPurchase offer for high quality solar panels can be accessed at www.solmarket.com.
SolPurchase brings the benefit of buying in scale to the solar space for developers and installers who may not be large enough to procure high volumes of equipment independently. The upfront capital costs of solar still deter many customers from taking the leap and committing to going solar. SolMarket is partnering with solar panel manufacturers and others to purchase equipment in large quantities and bring significant cost savings to its installer and developer partner network. SolMarket partners can then use SolPurchase to significantly reduce the costs of installation, since equipment costs can compose more than half of solar project costs.
“SolPuchase is a one-of-a-kind program that creates a win-win solution for the solar community,” said Yuri Horwitz, CEO of Sol Systems, the parent company of SolMarket. “This community is inherently fragmented since solar is a distributed generation resource. SolMarket and SolPurchase provide the tools and infrastructure for developers and installers to aggregate themselves, build efficiencies and secure value. SolPuchase allows developers to secure high quality equipment at a lower cost, project owners to incur lower upfront costs, and equipment manufacturers to move inventory faster and more efficiently through the SolMarket network.”
For more information about SolMarket and SolPurchase, please join us for a webinar Tuesday, September 27, Wednesday, September 28, or Thursday, September 29, at 2 pm EST. Please email firstname.lastname@example.org to register.
SolMarket is a financing platform that will catalyze investment in solar energy projects nationwide by transforming how solar projects are financed. SolMarket provides investors and developers with the tools they need to efficiently originate, evaluate, finance, and construct renewable energy projects. It provides a standardized origination platform, a document library, modeling software, and a standardized document suite. SolMarket currently has $400 million in committed funds seeking qualified solar projects.
SolMarket is a wholly owned subsidiary of Sol Systems. Sol Systems is a Washington D.C. based solar finance firm, and the largest solar renewable energy credit (SREC) aggregator in the nation, with over 2,300 customers and over 22 MW of solar capacity under management. Through its SREC offerings, it has promoted the development of the solar market by providing long-term financing options for SRECs, facilitating over $100 million in solar development.
Ms. Sudha Gollapudi, Director of Strategic Partnerships, Sol Systems