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A successful solar project requires careful consideration of solar financing options. SunPower has the expertise to you help you find the best commercial solar financing, and we will work with you to ensure that your unique solar energy project delivers the greatest total savings on energy costs over the life of your system.
The simplest path to financing a commercial solar power project is to directly purchase the system. If you have available capital, existing tax liabilities, and the ability to benefit from accelerated depreciation of your solar equipment, you may find that purchasing your solar system outright is the best option. Ownership provides the greatest total energy cost savings over the life of the system. A direct cash purchase will typically reduce the total time required for implementing a solar project and will allow you to benefit from clean, solar energy as quickly as possible.
A solar PPA allows your organization to purchase solar energy on a monthly basis similar to how you purchase electricity from your local utility. In this scenario, you host the solar equipment at your site, but you aren't responsible for owning and maintaining the solar energy system. All you pay for is clean, renewable energy at a set rate per kilowatt-hour--the same measurement of energy you see on your utility bill today. Solar PPA financing works best for customers who want to lock-in predictable energy rates for the future without having to pay for upfront costs.
This commercial solar financing option allows companies to benefit from solar energy in exchange for a monthly lease payment for the use of the system hardware. Typical commercial solar lease agreements range from 15 to 20 years at which point the lease can be renewed or the customer can choose to purchase the system for a residual value. For organizations that cannot fully capitalize on available tax incentives and who want to avoid an upfront capital investment, a lease may be the best option to facilitate your solar project.
Your SunPower® solar installer will provide you with a quote for the cash price of the system and will work with SunPower to identify the best solar financing options for your small or medium business solar energy project.