Take advantage of solar policies and incentives related to commercial photovoltaic solar systems – and help reduce your utility costs. Our financing specialists have established relationships with respected developers and panel manufacturers and can tailor a financing plan for photovoltaic (PV) solar systems for your business.
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Over 2.5 million homeowners in the U.S. have opted for solar systems in their homes for good reason. It''s a great investment that boosts your home''s value and slashes electricity expenses by tens of thousands of dollars.
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Commercial solar loans allow building owners to take advantage of tax credits and depreciation. Solar loans deliver lower energy costs and increased Net Operating Income. Capital for the solar system and installation is borrowed from a lender and paid back over time with interest, which provides the borrower with several benefits.
Commercial solar PPAs (power purchase agreements) allow building owners to pay for only the power they need. Similar to solar leasing, Sunwest Bank hires a vetted solar installation company to install and maintain the system. In a PPA, however, the building owner pays for the energy generated by the solar system to reduce their overall energy costs and increase net operating income.
Solar energy use is on the rise. As the demand for renewable energy sources increases, Customers Bank wants to make it more accessible to businesses by offering commercial solar financing options that will help them save on electricity costs and secure a solid return on investment.
Many solar installations cost tens of thousands of dollars, so a solar project is a significant investment for most businesses. Of course, you could always purchase the system outright, but the high equipment and installation costs require a substantial amount of capital. A more reasonable option for commercial financing may be a loan. Read on for an overview of the leading commercial solar finance options.
Using a loan to finance a solar energy system allows businesses to save money immediately without a substantial upfront investment. Affordable, customized lending solutions from Customers Bank offer:
Solar leases and Power Purchase Agreements (PPAs) can be good options for businesses that prefer to have little or no upfront cost.
Leasing offers flexibility that might be a good fit while allowing your business to take advantage of available incentives from commercial solar energy systems. A lease contract has a fixed term, typically 20 to 25 years, like a loan. At the end of the term, you may have the option to extend the lease another five or more years or pay a fair market value to buy out the lease. Choosing a lease instead of a loan affords you the following:
Although not available in every state, another option for commercial solar financing is a power purchase agreement (PPA). A PPA means that a third party owns and operates a solar energy facility and leases energy to your business at a reduced cost. The benefits of a solar PPA include the following:
Green energy is the direction of the future. Many businesses have become early adopters to take advantage of various tax incentives, and many more are enjoying the positive image these investments provide for their companies. The high investment cost can be a deterrent, but several options exist for financing commercial solar systems. If you plan to invest in a more sustainable future, consider all of your solar financing options.
Customers Bank is a powerful resource for commercial solar financing options. You can apply online and receive a rate within minutes. Speak with one of our finance officers to see which financing option best meets your needs.
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We can provide a revolving line of credit to mortgage companies, so you can originate loans until selling in the secondary market.
About Banks offering commercial solar financing
As the photovoltaic (PV) industry continues to evolve, advancements in Banks offering commercial solar financing have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Banks offering commercial solar financing for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Banks offering commercial solar financing featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
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