Commercial Solar Panel Financing Options

Your powerhome solar commercial solar power advisor can give you the most up to date information on solar incentives and financing.

Commercial solar panel financing options.

Speak with our team of solar financing experts today. In addition to incentive and financing options your business may qualify for federal and or new york state tax credits and rebates for getting solar. A ppa affords you the opportunity to install solar power at your facility without paying upfront costs or worrying about system operation and maintenance. But at the end of the day you own the solar system and the benefits that come with it.

Rec solar offers flexible commercial solar financing options that include a ppa lease and cash purchase. To choose the best solar loan for you compare options from a few different financing providers. Financing for wells fargo customers with commercial solar systems in the u s. Sometimes referred to as a third party ownership model.

While third party options remain the most popular methods of financing commercial solar systems plummeting equipment costs and continued attractive tax incentives have resulted in many commercial customers choosing to purchase their systems outright either through a cash purchase or bank loan. The solar power purchase agreement ppa is an alternative to financing and owning the system. A solar loan is the best option for people who want the tax credits for going solar and can afford a set monthly payment. Often the solar company you re buying from offers some kind of financing.

For example michigan offers michigan saves a program that provides up to 250 000 for 60 months at rates starting at 6 99 apr. This is important because not all solar projects find the backing they need. Many different institutions offer solar loans including local and national banks specialty financing companies manufacturers and credit unions. As you re shopping around for a solar loan you have several options from which to choose.

Loan and lease structures for transactions of 500 000 and above fixed or floating rates for up to 10 years terms and structures customized to address cash flow business tax and accounting needs. In fact they may offer to foot the bill for a period to incentivize you to sign up. In addition many states have local commercial financing options that businesses can use. Sunpower has a 100 success rate in commercial financing with a network of reputable financiers who are ready to fund your project.