Solar Lease

Under a solar lease financial model, the business or property owner acquires the solar array via a capital lease or operating lease. These financing methods are quite common for businesses that prefer to deploy their capital in other areas of their business. Massachusetts has built a “bankable” financing model with the  state’s SREC (Solar Renewable Energy Certificates) and SREC II programs. Traditional lenders, local banks, and third-party investment sources  are increasingly more comfortable with the dependability and predictability of SREC revenue to secure financing. Third-party investment firms have emerged and are working with businesses both to provide loan and leasing products and as owners of  Power Purchase Agreements (PPAs).

Benefits of a Solar Lease:

  • 100% financing no up-front capital costs
  • Own a solar system at a substantial discount when choosing an operating Lease
  • Benefit from Investment Tax Credits (ITC) whether you have the tax appetite or not
  • 7 to 10 year lease terms
  • Finance both the hard assets and soft costs.
  • Operating Lease payments are 100% tax deductible
  • Benefit from lower energy cost avoidance
  • Benefit from SREC revenue income streams
  • Improved Commercial Property Values
  • Additional Revenue Streams
  • Environmental Leadership & Sustainability

Solect will work with you during the feasibility assessment to determine which financial solutions  are most  appropriate for your long-term success.