Financing options for your project.
There are several different ways to go solar, reaping varying levels of financial benefits into the future
This option would be a PV system purchase, a one-time cost paid in portions as the solar installation progresses past certain stages. The business would own the system hardware, and can take advantage of depreciation and tax benefits. The cash option would require access to capital.
A PPA, or Power Purchase Agreement, is a popular choice among entities that want to take advantage of the clean energy production but does not necessarily need to own the PV system. It requires minimal to no upfront capital cost. The business would not own the system hardware or take advantage of tax benefits.
C-PACE (Commercial Property Assessed Clean Energy) financing requires no upfront costs with positive cash flows on day one. The business would still own the system hardware; can take advantage of the tax benefits shared with the C-PACE lender. Low cost, fixed-rate financing would be paid through property tax bill.