Third-party solar financing is primarily one of two ways:
- Power purchase agreements (PPAs)
- Solar leases
In a PPA, SunVest designs and installs a solar energy system on your property. There is little to no upfront cost to you. Solar production offsets your electric utility bill, and we sell you the solar power generated at a fixed rate – usually at a better rate than the local utility.
Under a solar lease, you lease (rent) the equipment from SunVest at a fixed rate for a term of 10-20 years and benefit from the solar power generated. In exchange, SunVest makes the investment to purchase and install the solar panel system, and we benefit from applicable tax credits for owners.
These options are not available in some states and utility markets. SunVest can help you determine if it’s an option for you.
SunVest has extensive knowledge with aiding non-profits, not-for-profits and tribal organizations with creative financing solutions.