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 identify the project scope, we will determine which finance option best meets those goals. We offer both power purchase agreements (PPA's) and lease options, each with varied term durations between 10 and 20 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 and the 30% 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 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.
The benefits of going solar via operating lease are:
- No capital required
- Operating lease with a buyout after 10, 15 or 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 corporate sustainability by going green
Contact us now for an evaluation!