solar panel financing

Commercial Solar Financing

If you are an owner or utility manager for a business, now is a great time to consider trading in your monthly utility bill for a solar system installation. However, we recognize that one of the hurdles you may face is how you will pay for this investment. Here at Paradise Energy Solutions we are convinced that going solar makes sense for many farms and businesses and we want our customers to make informed financing decisions that make sense for them. We are prepared to help you, and your tax consultant or accountant, examine and understand our financing solutions so you can make the best choice for your situation. Typically, a business or farm has four options; cash, lease, loan or Power Purchase Agreement (PPA). Determining which of these options is best for your farm or business will be determined by your business’s tax situation and available capital. Paying cash or getting a loan works very well if you are paying taxes and can use the savings from the tax credits and depreciation. Leases or PPA’s are options if you cannot utilize these tax incentives. If you are an agricultural business or other business located in a qualifying rural area, you may also qualify for a USDA grant that will help reduce the cost of a system, or a USDA backed loan. If you apply for a USDA grant, then a lease will not be an option for financing. Paradise Energy Solutions and our partners, Financial Service Unlimited, Inc. (FSUI) which provides both capital and operating leases, and Service Finance which provides commercial loans, offer excellent financing solutions.

We also offer Power Purchase Agreements (PPA’s), through Sunstream Energy LLC or one of our other PPA provider partners. PPA’s, like operating leases, are excellent options if you cannot utilize the tax credits and depreciation tax benefit. PPA’s are long-term (usually 25 years) agreements with a third party solar system “owner” who will purchase and own the solar system. In essence, the third-party will lease your rooftop or part of your property as a place to install the system, then bill you a monthly amount based on your electricity usage (much like your local utility does), but usually at a guaranteed reduced rate.

Financing your solar investment may seem like a complicated decision on the surface, but we are prepared to help make that simpler for you. Feel free to contact us for clarification or to answer any of your questions concerning financing your solar system.


Financial Services Unlimited, Inc. 

FSUI is a Paradise Energy Solutions LLC partner providing both capital and operating lease options for our commercial customers. Both lease options are usually 5-year terms (capital leases and loans up to 7 years), but that is where the similarities stop. The capital lease option leaves incentives like solar renewable energy credits (SREC’s) and the federal investment tax credit with the customer and charges a higher monthly lease payment similar to a regular loan. The operating lease, on the other hand, charges a lower flat monthly fee like a rental, and all the financial incentives stay with the leasing company who owns the system. The operating lease option offers a balloon buyout at the end of the operating lease term that is greatly reduced from the original purchase price, making this a very attractive commercial financing option. Other features include:

  • 100% financing
  • Municipalities are eligible
  • 10% to 20% balloon payment typically on the operating lease
  • Fast approvals for commercial credit with flexible approval guidelines
  • Transaction size from 10kW to 1MW

If leasing is your desired option, then FSUI can help you begin realizing the cost savings and other benefits of solar today!


Service Finance

Service Finance Company has helped Paradise Energy Solutions residential customers and many other homeowners achieve their dream of “going solar”. Their fast credit approval process and low-interest rates have made them an attractive financing option and they now offer a commercial loan solution. They are offering a secured loan with up to a 15-year term at competitive interest rates. This loan has the added feature of automatically re-amortizing quarterly for the life of the loan. So any prepayment of principal amounts will lower your monthly payments rather than just reducing the principal owed! This allows you as the customer the option of buying down your monthly payment amount by applying any tax credit savings or refunds received at the beginning of your loan term to reduce your payment amount. Other features include:

  • Low-interest rates
  • Interest is tax deductible
  • You own the system and all related financial and tax benefits
  • Fast online application and approval process
  • Municipalities are eligible
  • Solar projects receiving USDA grant funds are eligible

If you are a commercial solar customer, let Service Finance help you start containing your operating costs and realizing all the benefits of solar energy today.


Power Purchase Agreement

Paradise Energy Solutions LLC’s sister company Sunstream Energy LLC and a number of other partners can provide financing in the form of a Power Purchase Agreement. This is a legal contract to purchase electricity between the owner of a system and the buyer of the electricity.   This involves a third party such as Sunstream Energy LLC which purchases the system, leases the property from the host customer for the placement of the system, then sells the power to the host customer.  This makes particularly good sense for a customer who cannot take advantage of the tax benefits of solar.  This solution is often chosen by schools, churches, government entities and non-profit organizations looking to take advantage of the benefits of solar power.   The solar system owner is also responsible for system maintenance and performance, so it is a hassle-free way to enjoy some of the advantages of solar.  PPA’s can be more difficult to secure as a solution and are more geographic and system-size sensitive than other financing options.  They are typically subject to varying degrees of regulation at the state and federal level and may not be available in all locations served by Paradise Energy Solutions LLC.

Back to All Financing Options

Customer Feedback

"From the time we attended a Paradise open house, we were comfortable with the staff. They were informative and responsive to our needs and questions. The installation was done in a timely and professional manner. Now that the system is functioning, it is very exciting to know that we are producing power environmentally! I enjoy checking the inverters and seeing that even on cloudy days, we are making electricity. I have recommended Paradise to several friends already." - Linda T.
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Take the First Step

Switching to solar begins with a free site assessment. A Paradise Energy Solutions expert will visit your home or business and evaluate your solar power options and answer any questions you have about our services or what to expect.
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