- 12 Gill St. Suite - 5650 Woburn, MA 01801
- info@bostonsolar.us
- (617)294-5610
Solar Energy Financing & Payment Options for Business Owners
See how much you could save by going solar with Boston Solar. Have a question that we haven’t covered? Please contact us.
1.Purchase Your Commercial Solar System
Purchasing a solar panel system directly will offer you the highest return on your investment. With this option, you receive all Federal and State incentives, without any fees or interest payments that accompany loans. If you buy a solar panel system, 85% of your investment is eligible for accelerated depreciation, 50%+ is recovered through incentives in first year and 10%+ annualized return on investment (ROI). With those savings, who wouldn't invest?! Contact us today and receive your free evaluation and solar system estimate.
2.Operating Lease
If you choose a solar lease facilitated by Boston Solar, the solar lease provider owns the solar panel system, receives all of the federal tax credits and accelerated appreciation, and you have a monthly lease payment. At the 7th year, there is a potential buy out of the system at 15% or fair market value. With a solar lease, you will still receive benefits of a lower utility bill, but will not own the system, unless you decide to purchase it at the 7th year.
3.Power Purchase Agreement
A power purchase agreement (PPA) is a contract between the solar system owner and the business owner, which consumes the electricity. A PPA allows a business owner to host a solar power system on their building, carport or site with absolutely no upfront costs. In exchange, the business owner agrees to purchase the electricity from the system owner at a pre-determined rate over a 10 to 20 year term. The business owner puts $0 down, but the PPA provider owns the system, is responsible for the warranty and workmanship and also receives all of the federal and state incentives.
4.Solar Site Lease
A solar site lease is a lease agreement between a property owner and third party investor (i.e., solar installer, developer or financier). Solar panels are installed on the owner’s property (building or land) by the investor and an annual negotiated rate is paid to the property owner. The property owner doesn’t pay anything for the solar array/installation nor does he use the power being produced on his property. The investor chooses an off-taker, or multiple, to consume the energy produced.
5.Finance Your Commercial Solar System
To get around the hurdle of upfront costs, we offer 100% financing programs. This allows you to own your solar array, take advantage of all the tax credits, and make a profit in the first year. Through a fixed monthly investment, you pay nothing out of pocket and still have greater system generated savings than your low monthly utility payments.
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Cash
CashUpfront Purchase
No Monthly PaymentsPurchase and own the solar system for your business or commercial property. Tax credits and SMART payments are yours!
- YOU own the system
- Qualify for tax credits
- Qualify for incentives
- No interest
- Solar energy monitoring
- 30-Year system warranty
- 10-Year workmanship guarantee
Loan
Loan$0 DownFixed Monthly Investment Payments
Put $0 down and have a fixed monthly investment payment to a loan company until the loan is paid off. You will own the system and tax credits and SMART payments are yours!
- YOU own the system
- Qualify for tax credits
- Qualify for incentives
- Solar energy monitoring
- Fixed monthly investment payment and interest rate
- 30-Year system warranty
- 10-Year workmanship guarantee
Lease
Lease$0 DownMonthly Lease Payment
You may choose to lease your business' solar system. With this option, you would have a monthly lease payment to the solar lease provider who owns the solar panel system and receives all of the federal tax credits and accelerated appreciation.
- Lease provider owns the system
- Solar energy monitoring
- 30-Year system warranty
- 10-Year workmanship guarantee
- Tax Credits
- Incentives
*At the 7th year, you would be able to buy out of the system at 15% or fair market value.
PPA
PPA$0 DownMonthly Lease Payment
A power purchase agreement (PPA) is a contract between the solar system owner and the business owner, which consumes the electricity. A PPA allows a business owner to host a solar power system on their building, carport or site with absolutely no upfront costs.
- PPA Provider owns the system
- Solar energy monitoring
- Fixed monthly investment payment and interest rate
- 30-Year system warranty
- 10-Year workmanship guarantee
- Tax Credits
- Incentives
Have Questions? We are Here to Help You!
Contact Us Today For More Information.