Financing and Incentives
Making Your Commercial Solar Project Affordable
Talk to Us and Learn More About the Advantages of Solar 520.822.8377
Commercial Solar Financing
As a leading solar installer, we understand the difficult financial decisions that come with being a business owner. For this reason, we have worked hard to foster strong relationships with several financial institutions, and through these partnerships, we can offer our clients multiple financing options. We work with financial institutions and your business to make sure you receive the best commercial solar panel financing plan for your business’s unique needs.
We have several financing options available to your business and can help you determine whether solar leasing, a solar loan, or a power purchase agreement is the best option for your organization.
Don’t Deplete Your Business’s Budget
Our knowledge regarding solar financing and incentives will make your commercial solar project affordable.
Capital Lease
This option is commonly used for a for-profit company that has sufficient tax appetite. Typically, the customer can get $0 down financing and still capitalize on state and federal tax credits and depreciation.
Operating Lease
The operating lease option is ideal for non-profits or for-profit entities with no tax appetite. The leasing company takes all tax credits and depreciation, which lowers the total loan amount.
Bank Loan
Our existing banking relationships accelerate the financing process and promote ease of credit approval. This means you also benefit from much lower interest rates, longer terms, and higher returns.
Power Purchase Agreements
Power purchase agreements (PPAs) are suitable for large, strong, credit-worthy organizations that are interested in solar, and who prefer immediate year one savings over long term ownership. Monthly fees in a PPA provide little savings over your current power bill.
Property Assessed Clean Energy (PACE) Loans
PACE loans are an option only available to California businesses. PACE financing is a public-private partnership that provides you with the funds to make energy efficiency upgrades to your business. The financing is paid back through your county property taxes, which means that the interest may be deductible on income taxes, much like mortgage interest. A business credit score is not a determining factor for financing approval and terms range from 5 to 30 years. PACE loans are available in markets where the local government has opted into a PACE program.
25-35 Years
is the average lifespan of a solar energy system.
Commercial Solar Incentives
Several of the world’s most successful companies are making the decision to go solar to reduce their monthly payments on electric bills. It’s no longer a question of if solar will save money, but how much and how quickly. What many businesses are unaware of, however, is the many incentive programs available to them that can dramatically decrease the total cost of their solar energy system.
Energy rebates, which you can find listed below, are quite common and readily available for businesses looking to make the switch to an energy-efficient solar system. Government agencies recognize the importance of solar energy, and the push toward sustainable energy locally and federally has never been stronger. Incentives can cover a significant portion of your system cost, and Solar Gain will help you find all of the incentives that your organization is eligible for.
Commercial Tax Incentives
The following tax incentives are available to all of our commercial customers:
- Federal – 30% investment tax credit (ITC) federal solar tax credit
- Federal – 100% Bonus Depreciation (Tax Reform Bill)
- California – 10 Year Straight Line Depreciation
- Arizona – Modified Cost Recovery System
- Arizona – Non-Residential Solar Tax Credit 10% of project cost: up to $25,000 per building, $50,000 per business
Let’s Discuss Commercial Solar Financing and Incentives
With all of the available financing options and incentives, owning your power has never been easier. We would be happy to discuss which model is best for your business. Please contact us to find out how a commercial solar installation could work for your business.
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