Financing Solutions

 

As the solar industry grows and matures, an increasing number of solar financing options are becoming available to help customers finance all types and sizes of solar power installations – on homes, businesses small and large, and public institutions and government entities.

Many solar system owners finance their purchase using traditional forms of financing, such as long-term debt, operating leases, bank loans, home improvement loans and mortgage refinancing.

A new form of financing is the power purchase agreement, or PPA. In a PPA, another party pays for and owns the solar installation, then sells you electricity at guaranteed rates under a long-term contract. PPA’s are an established way to finance commercial solar systems, and PPA’s are now beginning to develop in the residential market as well. By using one or more of these financing options, combined with rebates and tax credits, we can help you structure a financial package that best fits your situation. In many cases, the reduction in your annual energy expense will exceed your annual solar system financing costs, creating a positive cash flow from day one.

 

At REC Solar, we have a dedicated financing department continuously researching the best financial vehicles and providers to serve our diverse customer base. Your REC Solar sales consultant can help you customize a plan to your needs.