Commercial Solar Panel Financing Options

Homeowners and business owners can get a 30 percent federal tax credit when.

Commercial solar panel financing options.

When pairing energy storage and solar you may be eligible for an energy storage incentive in addition to the current ny sun solar incentive. For example michigan offers michigan saves a program that provides up to 250 000 for 60 months at rates starting at 6 99 apr. Many different institutions offer solar loans including local and national banks specialty financing companies manufacturers and credit unions. Sunpower has a 100 success rate in commercial financing with a network of reputable financiers who are ready to fund your project.

In addition many states have local commercial financing options that businesses can use. The solar power purchase agreement ppa is an alternative to financing and owning the system. Financing for wells fargo customers with commercial solar systems in the u s. 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.

A solar loan is the best option for people who want the tax credits for going solar and can afford a set monthly payment. Rec solar offers flexible commercial solar financing options that include a ppa lease and cash purchase. In fact they may offer to foot the bill for a period to incentivize you to sign up. To choose the best solar loan for you compare options from a few different financing providers.

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. Speak with our team of solar financing experts today. Use the energysage solar marketplace to review multiple equipment installer and financing options. Often the solar company you re buying from offers some kind of financing.

But at the end of the day you own the solar system and the benefits that come with it. Your powerhome solar commercial solar power advisor can give you the most up to date information on solar incentives and financing. This is important because not all solar projects find the backing they need. 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.