Commercial Solar

Financing

Power Purchase Agreement (PPA)

Solar with no up-front cost

A third party pays for installation and owns, operates, and maintains the system. You make an agreement to purchase energy from that system, locking in lower energy costs for the long term. At the end of the contract, you can purchase the system, negotiate another PPA, or have the system removed.

Benefits

Power Purchase Agreement (PPA)

Solar with no up-front cost

A third party pays for installation and owns, operates, and maintains the system. You make an agreement to purchase energy from that system, locking in lower energy costs for the long term. At the end of the contract, you can purchase the system, negotiate another PPA, or have the system removed.

Benefits

Lease

Solar with low or no up-front cost

You lease a solar panel system and lower your electric bill by using the energy it generates. This typically offers immediate utility savings and increases savings over time as traditional energy costs rise. At the end of the lease, you can purchase the system at a reduced cost, renew the lease, or have the system removed

Benefits

Cash Purchase

The fastest, simplest path to solar

You purchase a solar panel system outright and can begin installation as soon as you’re ready. Cash purchase offers access to federal, state, and local solar initiatives were available, which can significantly offset solar project costs. Cash purchase typically offers the maximum return on a solar investment

Benefits

Generally offers maximum return on investment

PACE

PACE – Property Assessed Clean Energy – Based on Equity Tax assessment:

PACE – own a solar system with no upfront costs, get free electricity for 20 years, plus receive any available solar rebates and tax incentives.

  • No liability on the balance sheet, therefore the asset is immediately
  • Transfer the tax assessment
  • No upfront costs.
  • Easier credit. Because PACE is secured through a special tax assessment,
  • You own the solar system. With a solar PPA, you only rent the solar system for 15 to 20 years. You do save on your electricity bill with solar PPAs, but not as much as when you own the system. Plus, when you own the solar installation, you get to keep it running for as long as it lasts — typically 25 to 30 years, or even longer.
  • You get to keep the rebates and tax incentives.
  • It’s a long-term loan. PACE loans can vary by the lender, but they’re typically 20-year loans.
  • The special tax assessment is transferable. The solar system always stays with the original PACE property until the loan is paid in full.

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