WE COMMERCIAL SOLAR
Commercial Solar Power Solutions
Solar power is a viable option for business and commercial property owners. Whether your business is a large corporate enterprise or a smaller operation, solar power could hold the key to helping you become more profitable and environmentally friendly helping you meet your sustainability missions objectives.
We are pleased to announce that we are again able to offer solar lease financing to the installer, EPC and developer community around the country for solar and renewable energy projects. The difference between solar financing and bank financing is huge. When compared to bank financing, solar lease financing comes in 25%-40% less expensive.
END OF TERM PROVISION – PAYMENT OF RESIDUAL OR FMV (FAIR MARKET VALUE) WHICHEVER IS GREATER; 20% FOR PROJECTS UNDER $500,000 AND 15% FOR PROJECTS OVER $500,000
FINANCING OPTIONS TAILORED TO YOU
Azimuth Renewable Energy can offer financing packages to its Commercial clients who want to go solar for no money down. Once we identify your company’s goals in going solar, as well as the project scope, we will determine the finance option which best meets those goals. We offer both power purchase agreements (PPA’s) and lease options, each with varied term durations between 84-120 months and 20-25 years.
We work with various banks, lending institutions and other financing partners to find you the best method for financing your system. Below is a brief description of what each option offers.
Solar Loan or Cash?
Many loans offer $0 down options with low interest rates. A solar loan finance option allows you to own an asset that generates significant financial value.
This includes both the value of electricity generated by the solar panel system over its lifespan, the 26% federal investment tax credit and other applicable rebates and incentives like solar renewable energy credits (SRECs). In addition to the Tax credit and State incentives as applicable, with the new 2018 tax bill the expansion of Bonus
Depreciation allowances has changed from 50% to 100%, meaning one can essentially deduct the entire cost of the system in the first year of operation vs. using the MACRS technique over a period 5 years. Now clients can take advantage of this policy and claim their tax savings immediately.
Benefits of Going Solar via Operating Lease
- No capital required
- Operating lease with a buyout after 7, 10, 15 or even 20 years, depending on structure
- Good for those not eligible for federal tax credit
- Reduced electric rates
- Hedge against future electric rate increases
- Reduce carbon footprint
- Satisfaction of meeting Corporate Sustainability Mission objectives by going green
The US government offers a 26% tax credit on installed solar power systems? With the proper tax appetite based on tax obligation this federal tax credit can be utilized in year one (1) or even up to five (5) years, regardless of how much your installed system costs. In addition to the 26% federal tax credit, your state may offer Solar Renewable Energy Credits (SREC).
This tax rebate is paid upon the signing of the contract to install your solar power equipment.
HAVE SOLAR PROJECT YOU’D LIKE TO DISCUSS?
Whether it’s a question about residential solar power, commercial solar power, or any other aspect of your renewable energy goals, we are happy to assist.