Making decisions about financing a solar project is challenging. There are options like leasing, loans and PPA’s (power purchase agreements). Solar financing is often more complex and difficult to secure due to the uniqueness of solar installations. This e-mail doesn’t have enough room for a comprehensive discussion of all the challenges and options, but if you want to know more about our financing options, click the following link or give us a call at 877-851-9269. Click to read more!
For today’s purposes, we would like to introduce the new Service Finance Commercial Loan option that we have recently begun to offer. The loan can be used to finance commercial solar projects from $25,000 up to $5 million dollars. It has a very reasonable financing APR of 6%,with a term of up to 15 years. This loan is a secured loan, meaning you would need some equity in the property to qualify. The interest would also be tax deductible and there is no prepayment penalty. 100% financing is also available. The other nice benefit of this loan is that unlike a lease, it can be used on projects that are also interested in applying for USDA grants. If you are in agri-business or your business is in a rural area this could be a very helpful incentive to your project.
There are a number of factors that will need to be determined before deciding which financing option is best for your business such as your tax situation, personal preferences, availability of options, and your future plans. Though we can’t address all of these factors in this e-mail, here at Paradise Energy Solutions, we are dedicated to finding a solution for your unique situation. Please feel free to give us a call at 877-851-9269, or respond to this e-mail for more information and to find out how we can help you go solar!
Financing a solar power purchase can be a daunting task. But it doesn’t need to be with the right partner. Here at Paradise Energy Solutions our goal is to help you clarify and simplify those complexities. While we are not your personal tax advisors, we can certainly help point you in the right direction and we won’t charge you anything to do it!