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.
"SolPurchase 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. SolPurchase 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.
