What Financing Options Are Available For Solar Arrays?


A well-designed solar system can significantly reduce your electric bill, provide multiple financial incentives to reduce your taxes, and has a life-span of up to 40 years. However, solar requires an upfront payment which can be a barrier to many organizations that want to go green.

To help more organizations take advantage of the benefits of solar power, Simpleray offers a variety of financing options that can make solar a viable choice for you. 

Loans and Leases

Commercial properties can take advantage of various types of loans and lease options that are well-suited for a business or farm.

In addition to traditional loans, Simpleray offers an exclusive solar flex loan, as well as operating and capital lease solutions. The exact details and structure of these solutions are tailored to your properties' specific needs such as term, cash flow, and tax liability. Your Renewable Energy Consultant will work with you to find the solution that suits your organization.

 

Power Purchase Agreements

For government, nonprofits, and large installations, we offer power purchase agreements. A power purchase agreement allows you to enjoy a lower cost of energy without a significant investment of capital. Simpleray purchases, installs, and maintains your solar array while you pay only for the electricity it produces on a monthly basis, at a contracted and reduced rate. Power purchase agreements allow you to avoid any rises in energy costs from utilities and give you stability in your energy costs for the next 20+ years.

 

Other

Unsure if one of the above finance solutions will work for you? Review some of our financing options or connect with us and a Renewable Energy Consultant will work with you to see what solution is best for you.

Tags: financing electricity charges electric bills financing options for solar

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