There are as many ways to pay for a commercial solar system as there are ways to design one. By creatively combining state and federal tax incentives, grants, and innovative financing models, commercial customers can realize an immediate and positive impact on their bottom line.
While a well-informed commercial solar consultant will be able to design a financing model that works best for your business and clean energy goals, most commercial solar purchases fall into one, or a combination of, the following categories.
Sun Valley Solar Solutions recommends cash purchase whenever it suits the owner, as it ensures the most favorable returns, simplifies ownership, and maximizes federal and local tax incentives that the owner benefits from.
Low interest loans or lines of credit with an existing banking relationship generally offer the fastest and most lucrative return outside of an all-cash purchase. Sun Valley Solar Solutions generally recommends financing only the necessary portion of the net cost after incentives are applied to achieve the best payback.
Power Purchase Agreements, also called Solar Service Agreements, have long been used by utilities to finance the purchase of electrical generating facilities. PPAs are a common way to finance solar installations at commercial and institutional facilities in certain states. Sun Valley Solar Solutions offers PPA programs exclusively for qualified 501 (c)(3) non-profits, municipalities and schools.