Geoscape Solar's Commercial Solar Choice Financing™: It’s about solar financing options and financial savvy.

• Solar Purchase Loans
• Solar Leases
• Solar Power Purchase Agreements

Geoscape Solar understands that financing commercial solar projects can be challenging. The difference with Geoscape Solar is that we know how to get the deal done. No other solar company has the skills or as many options to finance complex solar projects as Geoscape Solar.

Geoscape Solar believes that a solar panel installation makes great financial sense and is great for the environment, but many New Jersey business owners struggle to finance their commercial solar projects. That is why we developed Solar Choice Financing™. No one offers more ways to pay for a commercial solar project than Geoscape Solar. Our panel leasing options are specially designed for businesses to have no out-of-pocket costs with 100% solar panel lease financing.

What financing options and solar lease programs does Geoscape Solar Choice Financing™ provide for my commercial solar power project?

• Solar Purchase Loans

  We can help you secure loans to finance your solar project so you can own your solar system. You get to keep all the benefits: electric savings, SREC income, accelerated depreciation, and the investment tax credit (ITC). Check with your tax advisor to see if your financials and your ability to absorb the ITC make a solar loan a good choice for you.

• Solar Panel Lease Options

  Geoscape Solar can leverage its extensive financial relationships with banks and other institutions to find the best type of commercial solar panel lease. There are two common leases available: Operating Leases and Capital Leases.

  Solar Operating Lease
  Operating leases for commercial solar systems are the most popular way today to finance a solar system for your business. The lessor owns the solar system and the gets the tax benefits including depreciation and the 30% investment tax credit (ITC). The key benefits for the lessee include:

  • No upfront costs and simply make a monthly payment.
  • Your business gets all of the electricity savings.
  • Your business keeps the SRECs.
  • No impact on a business’s balance sheet.
  • Preserves existing lines of credit.
  • A great way to finance solar when your business can’t use the depreciation or ITC. The benefit is reflected in a lower monthly lease payment.

  At the end of the lease term, you will have the option to return the system, purchase the system, or renew the lease.

  Solar operating leases have shorter durations (7-10 years) and may have significant closing costs. There are specific IRS conditions for a solar operating lease to be qualified and any solar lease agreement should be reviewed with your tax advisor.

  Solar Capital Lease
  The key difference between a solar capital lease and a solar operating lease is that it will have a higher monthly payment. A bank provides a loan and the Lessee will buy out the lease at the end of its term for $1. Your business keeps all of the tax benefits, SRECs, and electricity savings.

  A capital lease can only make sense if you can utilize all of the depreciation and the investment tax credit. If you are considering a solar capital lease, discuss the specifics of your tax situation with your tax advisor.

• Solar Power Purchase Agreement (PPA)

  The PPA company owns the system, the incentives, SREC revenue, and provides maintenance/cleaning They sell you back the energy the solar system produces at a discount. In the past, PPAs were a great way to get solar savings without large out-of-pocket expenditures. But, today, because of changing market dynamics, PPAs are less prevalent.