SOLAR FINANCING OPTIONS

Geoscape Solar’s commercial solar installers in New Jersey leverage its extensive financial relationships with banks and other institutions to find the best type of commercial solar funding.

Business owners have a variety of options to finance their systems. Geoscape Solar’s Commercial Finance Team specializes in creating custom options tailored to our client’s financial needs. Transitioning to solar energy with a Geoscape Solar system will ultimately pay for itself in a short time and will provide years of clean, green energy.

Geoscape Solar offers $0 Down Solar Financing with no upfront costs

Bestworks Industries For The Blind Commercial Solar Installation.

Traditional Power Purchase Agreement (PPA)

A third-party investor purchases the solar power system from Geoscape Solar. The investor owns, operates, and maintains the system for the life of the term. Your business buys the electricity generated by the solar system at a discount to your utility rate. You pay nothing out-of-pocket, never have to worry about the system, and start saving immediately.

  • No up-front costs
  • You only pay for the electricity your solar system produces
  • Terms from 15 – 25 years
  • Your business receives the electricity savings
  • The PPA company owns and maintains the system
  • The PPA company receives the federal and state tax benefits, like the ITC
  • The PPA company receives the state incentives, like Solar Renewable Energy Certificates (SRECs)

Morey’s Piers and Beachfront Waterparks Commercial Solar Installation

Purchase Loans

You can borrow money from a bank. Loans can be secured by your real estate or unsecured. The Geoscape Solar Commercial Finance Team can help you secure a loan to finance your solar project.

  • Your business will own your solar system
  • You immediately save on electricity
  • No up-front costs
  • Your business receives the Federal Investment Tax Credit (ITC) and accelerated depreciation
  • Your business receives all state incentives like Solar Renewable Energy Certificates (SRECs)

Congregation Beth Israel Sacred Spaces Solar Installation

Easy Own PPA™

If you want all the incentives that come with purchasing a solar power system, but you do not have sufficient tax liability to take advantage of depreciation and/or the federal ITC, Geoscape’s Easy Own PPA™ may be right for you. Geoscape Solar maintains ownership of the solar power system. For usually 10-15% less than the purchase price of the system, you prepay Geoscape for 20 years of solar electricity generation. You keep all the utility savings and the state incentives (like SRECs). Geoscape keeps the federal and state tax benefits.

  • 20-year term
  • Early buyout option after 6 years
  • You receive the electricity savings
  • You keep the state incentives, like SRECs
  • At buyout, you get credit for all the prepaid electricity that has not yet been delivered to you

New Jersey Cardiology Commercial Solar Installation

Operating Lease

With an Operating lease for a commercial solar system, a financing company purchases the solar system from Geoscape Solar and then leases it to the commercial customer. The lessor receives the tax benefits including depreciation and the Federal Investment Tax Credit (ITC).

  • No upfront costs
  • Simple monthly payments, usually fixed
  • Terms from 6 – 10 years
  • Buy-out at the end of the lease term is usually the fair market value
  • Your business receives the electricity savings
  • Your business may receive the state incentives
  • Leasing company receives the federal and state tax benefits
  • Preserves existing lines of credit
  • A great way to finance solar when your business can’t use the depreciation or the ITC

Franklin Mutual Insurance Group Commercial Solar Installation

Capital Lease

Capital Leases are similar to loans. You can capitalize on all tax and depreciation benefits that come with solar. Monthly payments are typically higher than an operating lease option because the buyout at the end of the term is usually just $1.

  • No up-front costs
  • Fixed monthly payment
  • Terms from 5 – 15 years
  • Your business receives the tax benefits like the Federal Investment Tax Credit (ITC)
  • Your business receives the state incentives like SRECs
  • Your business receives the electricity savings
  • Equipment is capitalized as an asset on your balance sheet
  • Depreciate the system to reduce taxable income
  • Buy-out at the end of the lease term usually $1

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