Commercial Solar Panel Finance

The solar investment tax credit itc is a tax credit that can be claimed on federal corporate income taxes for 30 of the cost of a solar photovoltaic pv system that is placed in service during the tax year 1 other types of renewable energy are also eligible for the itc but are beyond the scope of this guidance.

Commercial solar panel finance.

Put wells fargo horsepower behind your solar initiatives take advantage of solar policies and incentives related to commercial photovoltaic solar systems and help reduce your utility costs. Ny sun works with solar contractors and developers to offset the cost of purchasing and installing a solar panel system for your business. Find out what options are available and which of them is right for your business. Comparing commercial solar financing options customers can buyout the system at the end of the ppa or lease term or predetermined intervals.

Financeable project structures range from traditional commercial solar ppas to feed in tariffs community solar developments and unrated credit offtakers to name a few. Commercial solar financing options cash purchase purchasing your solar system with cash and own the installation which allows you to utilize the 26 federal credit and any incentives. Ny sun offers incentives and financing options for new york businesses looking to go solar. 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.

While third party options remain the most popular methods of financing commercial solar systems plummeting equipment costs and continued attractive tax incentives have resulted in many commercial customers choosing to purchase their systems outright either through a cash purchase or bank loan. A solar loan is the best option for people who want the tax credits for going solar and can afford a set monthly payment. Get a loan to finance your solar energy system energysage is the leading source of solar financing information. Customer use of tax credits varies according to their tax situation.

Review your options below to learn more about each provider. A ppa is a financing arrangement that allows businesses government agencies and educational institutions to purchase solar energy electricity without buying the solar equipment. Wunder s dedicated team will always work directly with you to get your unique project financed.