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November 07, 2007
BTB Capital Announces Special Accounts Receivable Factoring Program for Solar Panel Installers and Solar Energy System Contractors
Installation of solar panels can leave both the contractor and the consumer with a shortage of cash flow. To address this issue Business to Business Capital Corp (BTB Capital) has announced a new factoring program just for installers of solar panels and solar energy systems.
San Jose, CA (PRWEB) November 7, 2007 -- The explosion of residential and commercial buildings going "green" with solar panels is mind boggling. The main objection to the installation of new solar panels is the high cost for the average home owner or commercial building owner. "The up-front costs can be fairly high, while the payback can take 10 or more years," says Randy Zechman, President of Clean Solar Inc., a solar installation company located in San Jose. There are tax credits and other incentives, but these only assist with a small part of the cost for the consumer and normally come only after the installation is complete.
In an effort to combat the high out-of-pocket expenses for the new solar customer, installers like Clean Solar now accept the rebate that is normally provided by the energy companies to the customer as part of their payment. This can leave the installers with a serious lack of cash flow. "Solar panels are not cheap, and offering to offset our installation fees by using the rebate offered by the energy companies' can help our customers make the decision to install now," says Zechman.
This generosity doesn't come without a price. Many solar installers must wait until the solar project is complete and then apply for the rebates. It can take up to several months to receive those rebates. Mr. Zechman has found the perfect solution for this issue. "I discovered an invoice factoring company that will provide me cash today for those rebates, so I can operate my business efficiently."
Clean Solar has partnered with Business to Business Capital Corp (BTB Capital) to fund those future rebates. "Solar installers are the perfect type of business to consider factoring to assist with cash flow issues", states Greg de Vries, Vice President of BTB Capital, a national factoring company with headquarters located in California, "as the solar business grows, installers need immediate capital to purchase additional solar panels and fund their growth." Solar installations and factoring is a match made in heaven.
"It also makes us feel good knowing that we are helping the environment and doing a small part in the reduction of global warming by providing the capital to get these solar installations completed sooner," says de Vries.
About Clean Solar Inc.: Clean Solar is a full-service solar installation company in Silicon Valley that offers all facets of photovoltaic panel integration. Visit http://www.cleansolar.com for more information
About BTB Capital Corp: Business to Business Capital Corp - "America's Friendliest Factor" - provides accounts receivable factoring and government receivables factoring to companies of all sizes throughout the United States. To learn more about invoice factoring please visit http://www.btbcapital.com
Posted by Industrial-Manufacturing at November 7, 2007 11:35 PM