Commercial Solar Panel Financing Options

But at the end of the day you own the solar system and the benefits that come with it.

Commercial solar panel financing options. Sometimes referred to as a third party ownership model. In fact they may offer to foot the bill for a period to incentivize you to sign up. When pairing energy storage and solar you may be eligible for an energy storage incentive in addition to the current ny sun solar incentive. In addition many states have local commercial financing options that businesses can use.

For example michigan offers michigan saves a program that provides up to 250 000 for 60 months at rates starting at 6 99 apr. Rec solar offers flexible commercial solar financing options that include a ppa lease and cash purchase. Homeowners and business owners can get a 30 percent federal tax credit when. Use the energysage solar marketplace to review multiple equipment installer and financing options.

Speak with our team of solar financing experts today. Financing for wells fargo customers with commercial solar systems in the u s. Many different institutions offer solar loans including local and national banks specialty financing companies manufacturers and credit unions. A ppa affords you the opportunity to install solar power at your facility without paying upfront costs or worrying about system operation and maintenance.

The solar power purchase agreement ppa is an alternative to financing and owning the system. Often the solar company you re buying from offers some kind of financing. A solar loan is the best option for people who want the tax credits for going solar and can afford a set monthly payment. 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.

This is important because not all solar projects find the backing they need. As you re shopping around for a solar loan you have several options from which to choose. To choose the best solar loan for you compare options from a few different financing providers. Your powerhome solar commercial solar power advisor can give you the most up to date information on solar incentives and financing.