SolMarket Launches Innovative Group Buying Program, Designed to Significantly Reduce Solar Equipment Costs

WASHINGTON, Sept. 22, 2011 /PRNewswire/ -- 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.

"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."

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 EDT.  Please email [email protected] to register.

About SolMarket

SolMarket is a solar energy financing platform that catalyzes investment in solar energy projects by reducing transaction costs and standardizing the origination process.  SolMarket gives investors and developers the tools they need to efficiently originate, evaluate, finance, and construct renewable energy projects.  It provides a uniform origination platform, a document library, modeling software, bulk purchase programs, and a standardized document suite.  SolMarket currently has $400 million in committed partner funds seeking qualified solar projects.  SolMarket is a wholly owned subsidiary of Sol Systems, the country's oldest and largest solar renewable energy credit (SREC) aggregator. 

Contact:
Ms. Sudha Gollapudi, Director of Strategic Partnerships, Sol Systems
[email protected]
888-SOL-1115 x2

SOURCE SolMarket