Financing Options
Financing Options
Navigating the financing landscape for your renewable energy solution is crucial, and we offer various options to make the transition seamless and cost-effective.
Outright Purchase
Embarking on an outright purchase is an ideal choice for those seeking to maximize their return on investment and gain immediate ownership of their renewable energy system. With this option, businesses can acquire the system with a one-time payment, providing complete control over the asset. Additionally, clients can choose to supplement the outright purchase with an annual service level agreement, ensuring the ongoing maintenance and optimal performance of the system. While this option offers the best long-term cost savings, we recognize that many businesses may face budget constraints, leading us to explore alternative financing avenues.
Bond Financing
For those looking to spread the financial commitment over time, bond financing is a strategic option. By approaching a bank for capital equipment finance or utilizing an existing access bond on property, businesses can secure cost-effective financing. This allows for the distribution of payments over a predefined period, easing the financial burden. Leveraging a property-based access bond can provide particularly competitive rates, making it a viable and attractive option for businesses aiming to transition to renewable energy without a substantial upfront investment.
Rent2Own
Consider Rent2Own financing, a popular choice extending from 2 to 7 years. With this model, the system is owned by the financer until the final agreed-upon installment is paid, at which point ownership transfers to you. While interest rates may be slightly higher than traditional bank options, Rent2Own provides flexibility and accessibility.
Monthly Leasing
Monthly leasing offers a flexible and accessible financing solution for businesses looking to adopt renewable energy without the need for a large upfront payment. Under this arrangement, clients pay a regular monthly fee over a predetermined period, typically spanning 5 to 10 years, to lease the renewable energy equipment. This option not only spreads the financial commitment but also provides the flexibility to choose the leasing duration that aligns with the business’s financial goals. At the end of the leasing period, businesses may have the opportunity to take over ownership of the system if specified in the lease contract. Monthly leasing is an attractive option for those seeking gradual financial integration while enjoying the benefits of renewable energy from the outset.
Power Purchase Agreement (PPA)
Explore the fully funded Power Purchase Agreement (PPA), an off-balance sheet funding model. In this arrangement, the funder owns, operates, and maintains the system, charging you a fixed rate per kWh of energy consumed. The PPA period typically spans 15 to 25 years, and once the contract concludes, the system becomes yours to keep and maintain. This innovative approach offers immediate access to renewable energy without the burden of upfront costs.
At our company, we understand the financial considerations involved in adopting renewable energy solutions and are committed to working with you to find the financing option that aligns with your goals and budget.