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Commercial Funding

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Business owners have a variety of options to finance their systems. Geoscape Solar’s Commercial Finance Team specializes in creating custom finance options that best suits our client’s needs. The 30% tax credit has been renewed! Converting to Solar Energy with a Geoscape Solar System will ultimately pay for itself and provide years and years of of clean, green energy.

 

 

 Solar Lease Options

Geoscape Solar can leverage its extensive financial relationships with banks and other institutions to find the best type of commercial solar 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
  • Simple monthly payment
  • Terms from 6 - 10 years
  • Buy-out at the end of the lease term usually for fair market value
  • Your business gets all of the electricity savings
  • Your business keeps the state incentives
  • Leasing company keeps tax benefits
  • 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

 Solar Capital Lease

  • No upfront costs
  • Simple monthly payment
  • Terms from 5 - 15 years
  • You keep all the tax benefits
  • You keep all the state incentives
  • You keep all the electricity savings
  • Buy-out at the end of the lease term usually for $1

Solar Power Purchase Agreement (PPA)

  • No upfront costs
  • You pay only for the electricity your Solar system produces
  • Terms from 15 - 25 years
  • Your business gets all of the electricity savings
  • The PPA company owns the system
  • The PPA company gets the tax benefits
  • The PPA company keeps the state incentives
  • The PPA company provides maintenance

 

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, state incentives, accelerated depreciation, and the investment tax credit (ITC).