Financing Options
Lock in your business operating cost at today’s dollars for the next 30 years.
Sound impossible? That’s exactly what a SunCraft Solar energy system can do for your business by guaranteeing low fixed rates for more than 30 years.
Understanding that not all companies can pay cash for their solar system, SunCraft Solar offers several different commercial finance programs:
- Capital Leases provide zero down, 100% financing to minimize upfront costs. For tax purposes, your business owns the system, allowing you to classify the system as an asset and lease payments a liability. In addition, you can utilize the tax credits, the system’s bonus depreciation and other incentives available. For tax purposes, interest payments on the lease can be deducted.
- Operating Leases also offer zero down, 100% financing, but the tax benefits remain with the leasing company. Lease payments with this finance option tend to have lower payments, while also decreasing your monthly energy bill.
- A Power Purchase Agreement (PPA) allows your business to purchase energy generated by Power Purchase Providers who own a system and are responsible for all maintenance and operation of the system. The provider also receives all tax benefits. Businesses are typically charged a specific rate over an arranged term with an option to buy the solar system after six to seven years.
- Property Assessed Clean Energy (PACE) financing is also available for all commercial and non-residential properties. PACE financing allows eligible business owners to borrow up to 100% of the cost of their solar system and then pay back the money over a 20-year term through their property tax assessment.
