For business’ wishing to capture the benefits of commercial solar power without the large capital outlay there are a number of financing options available. These include:
Power Purchase Agreement (PPA)
Power Purchase Agreements are financial structures that enable our customers to take advantage of a solar system with no capital outlay and still take advantage of all of the rebates and tax advantages. A third party financial institution will own, operate, and maintain the solar power system for terms of 15-25 years. Your Company will buy power at an agreed upon, long-term fixed rate, at or below market rates. SoCal Solar Energy, Inc. works with the leading PPA providers in the industry to ensure each of our customers has the most competitive financing options for their solar project.
Lease With Buy-Out Options
A solar energy equipment lease agreement is structured so that payments are lower than or at present electric utility payments. The payments can be fixed or can escalate at or below the current utility escalation so that lease payments continue to be lower than current utility payments over the life of the system.
You own the solar system after the lease term ranging from 10 to 25 years with a pre-negotiated buy-out payment. Because solar PV modules come with a 20-25 year manufacturer’s warranty and with a 40+ year anticipated operating life. These systems will deliver energy savings for years to come.
Benefits of a financed solar solution include:
No Upfront Capital Funds
SoCal Solar Energy, Inc. will work with financial institution to provide you with a flexible financial package designed to meet your needs. With solar equipment leases or customized power purchase agreements (PPAs) – the financial institute enjoys the benefits of the rebates, tax credits and accelerated depreciation. You can have a financial structure that will provid a 100% financed solution as well as provide a positive cash flow from day one.
Utilize Government Rebates and Tax Credits
Rebates, tax credits, grants, and other financial incentives can pay for up to 80% of the cost of a new solar system. Contact a SoCal Solar Energy, Inc. representative to learn more about the incentives available in your area.
Hedge Against Rising Utility Rates with Lower Operating Costs
Electricity Rates Over the last 30 years, electricity rates have risen by more than 6% per year over the last 30 years. By installing a solar system today you are insulating your company from unknown energy price increases over the life of the system by purchasing the power at a pre-determined rate. These costs are usually much lower than utility rates so budgeting for energy payments is simplified.
25 Year+ Reliability
Your solar system can generate power for up to 40+ years with little or no maintenance. Solar photovoltaic systems require little to no maintenance and solar modules carry 25 year manufacturer warranty. Many of the solar systems installed In the 1960s and 1970s are still in use today.
Become a Green Business
With a Solar Photovoltaic System your company generates clean and quiet power with none of the greenhouse gas emissions produced by many of the standard fossil fuel sources utilities rely on. Incorporating solar energy in California into your company’s energy conservation strategies will directly help combat global warming. In addition to producing clean energy and stabilizing energy costs, solar power can be a great source of pride for employees and an excellent public relations and marketing tool. With the growing trend of corporate responsibility and environmental stewardship, many consumers are now incorporating green practices into their purchasing decisions.
