Financial Solutions
SPG Solar works with the leading financial institutions and third party financiers to provide the best solution at the best rate for your solar project.
We are able to secure financing for all investment grade, credit worthy clients to ensure they have the most cost effective financial solution possible. We’re proud to be able to deliver a full, turnkey project from project development, financing, design and engineering, procurement and construction.
We customize and optimize financial products to meet your requirements, we can manage the switch in utility rate schedules, electricity consumption patterns and incentive structures for each of our clients. We will walk you through customized cash flow summaries to show you exactly what you should expect from your new system.
And we do this for free as part of our project evaluation process.
We know many businesses don’t want a large capital outlay, and our municipal and utility customers need financial structures that provide for third-party ownership.
Cash Purchase
For many businesses, purchasing a solar powered system outright can yield the highest return on investment. This allows you to take advantage of the generous rebates and tax benefits available for installing solar. Depending on your location, these may include an upfront or performance based cash rebate, a 30% Federal tax credit, and an accelerated depreciation schedule.
Power Purchase Agreement (PPA)
Power Purchase Agreements (PPAs) are financial vehicles that enable customers to take advantage of the benefits of a solar energy source with no capital outlay. Our clients can be cash flow positive from Day One. A third party financial institution can own, operate, and maintain the solar power system for terms of 20-25 years. Customers buy power at an agreed upon rate at/or below market rates. SPG Solar works with the leading financial institutions and third party PPA providers in the industry to ensure each of our customers has the most competitive financing options for their solar project.
Lease
The same way you would lease a vehicle or a building, we can provide leases for our solar projects. With fixed monthly payments you know exactly how much to budget for your new solar facility. At the end of the lease term (typically 10 years), you’ll own your solar facility. Because solar PV modules come with a 20-25 year manufacturer’s warranty and a 40+ year anticipated operating life, these systems will deliver energy savings for years to come.
