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Vendor Finance For Solar Energy Providers

May 8, 2023
Multipli Team

Solar energy, also known as solar power, is a renewable source of energy that harnesses the power of the sun to generate electricity. Solar energy has been around for decades, but in recent years it has rapidly grown as an industry due to a number of reasons.
 

One of the main drivers of this growth has been the increasing awareness of the environmental and economic benefits of renewable energy sources. Solar energy is a clean, sustainable source of energy that does not produce harmful emissions or contribute to climate change.
 

Additionally, advancements in solar technology have made solar panels more efficient and cost-effective, making them an increasingly attractive option for individuals, businesses, and governments alike. In this context, it is no surprise that solar energy has become one of the fastest-growing industries in the world, with many countries setting ambitious targets for the expansion of their solar energy capacity in the coming years.
 

In this article, we will explore the solar industry and options for solar financing from the lens of a solar energy vendor looking to increase their sales by offering business payment plans.
 

Why is solar energy and solar power so important?
 

Renewable and Sustainable: Solar energy is a renewable and sustainable source of energy, unlike fossil fuels that are finite and non-renewable. Solar energy relies on the power of the sun, which is expected to last for billions of years. This means that solar energy has the potential to provide a long-term, reliable source of energy that can help meet the world's energy needs without depleting natural resources.
 

Climate Change Mitigation: Solar energy is a clean and emissions-free source of energy that does not contribute to climate change. Fossil fuels emit harmful greenhouse gases that trap heat in the atmosphere and lead to global warming. By using solar energy, we can significantly reduce our carbon footprint and mitigate the effects of climate change.
 

Energy Security: Solar energy provides energy security and independence. Countries that rely on imported fossil fuels for their energy needs are subject to supply disruptions, price volatility, and geopolitical risks. Solar energy, on the other hand, is a decentralized source of energy that can be produced locally, reducing reliance on foreign energy sources.
 

Economic Benefits: Solar energy creates jobs and stimulates economic growth. The solar industry is a rapidly growing sector that has created millions of jobs globally. In addition, solar energy can reduce energy costs for households and businesses, providing significant economic benefits.
 

Access to Energy: Solar energy provides access to electricity in remote and underdeveloped areas. Many people around the world do not have access to electricity, which can limit their ability to study, work, and improve their standard of living. Solar energy can help bridge the energy access gap and provide reliable and affordable electricity to those who need it most.
 

What are the top five reasons that solar energy, and in turn, associated vendors of hardware and software, growing at such a rapid pace?
 

Cost Savings: Solar energy can save people money on their electricity bills. With solar panels, people can generate their own electricity, reducing their reliance on the traditional energy grid and avoiding the rising costs of fossil fuels. As the cost of solar panels continues to decrease, more people are excited about the potential savings they can achieve by going solar.
 

Environmental Benefits: Solar energy is a clean and renewable source of energy that does not produce greenhouse gas emissions. This makes it an attractive option for people who are concerned about the environment and want to reduce their carbon footprint.
 

Energy Independence: Solar energy allows people to become more independent and self-sufficient when it comes to their energy needs. With solar panels, people can generate their own electricity, reducing their reliance on the traditional energy grid and providing them with greater energy security.
 

Technological Advancements: Advances in solar technology have made solar panels more efficient and effective at converting sunlight into electricity. This has made solar energy a more viable and attractive option for many people, particularly in areas with abundant sunlight.
 

Government Incentives: Many governments around the world offer incentives for people to install solar panels, such as tax credits, rebates, and net metering. These incentives can make solar energy more affordable and accessible for many people, and are a major reason why more and more people are excited about going solar.
 

Why use Multipli as your solar energy vendor financing partner?
 

If you're a solar energy vendor, we can help give your sales team an edge. Our business payment plans are curated specifically to help your sales team close deals and win customer satisfaction.
 

We offer non-standard payment terms that go beyond the traditional 90-day cycle. This helps you appear flexible, eager, and willing to work around your customers' bespoke payment term needs.
 

Our payment plans are designed to help you accelerate your pipeline and cash flow. We remove the standard barrier to conversion with payment plans that accelerate deal sign-off and in turn cash flow into your solar energy business.
 

We take the risk of collections on ourselves, not you. At Multipli, we pay you upfront and take on the risk of regular collections from your customers ourselves.
 

Our bespoke payment plans can help you stop discounting deals and losing out on potential business. With our financing options, losing deals to sign-off thresholds will become a thing of the past.
 

We can help you convert large annual costs into manageable payment plans. Fixed licensing fees are no longer in vogue. Customers expect pay-as-you-go or SaaS-type plans instead of large upfront costs.
 

Our sign-up process is easy. Simply contact us or visit My Multipli to begin fast accreditation to offer Multipli vendor financing options.