Whether leasing or buying your solar system is the best option for you and your business, we can help you make that important decision. We offer various finance options based on whichever route you choose to take and provide guidance on which federal and state rebates or incentives may exist to maximize the benefits of your decision.
Commercial Solar Financing Options
A PPA is a power purchase agreement in which a solar service provider sells energy to a power purchaser. In the case of a solar PPA, a solar service provider owns the solar on your roof and you buy the electricity that it generates from them. PPAs provide the design, permitting, financing and installation of a solar system on a property at little to no cost. The power generated from the solar system is sold to the customer at a low, fixed rate. Click here to learn more!
2. Prepaid PPA
With a prepaid PPA, you don’t pay anything for the duration of the agreement; instead, you pay 100 percent up front when you sign the contract. While this is similar to purchasing solar, the total price is generally significantly lower than a purchased system.
PACE stands for Property Assessed Clean Energy. The PACE program works by giving loans for energy-efficiency retrofits and distributed renewable energy generation that is paid back through property taxes. Property owners pay back PACE funds over a set amount of time as a line item on their property taxes.
-Limited credit check performed – eligibility based on equity
-Loan payment is made via your property tax bill, which may increase your tax write-off for property taxes
-Can be made in 5, 10, 15 and 20-year terms
-Interest rate variable
-No money out of pocket
-Fixed or escalating monthly payment
10-year full system warranty
-7-12 year terms