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The sun is fundamentally sustainable; it generates clean energy that ultimately saves utility costs.
Below is a simple, 5-step guide for acquiring and/or installing a solar system:
1. Complete an energy efficiency audit. Most local utilities provide free energy efficiency audits to businesses.
2. Engage an experienced integrator. An integrator can often assist with selecting the right solar equipment, selecting financing, and applying for federal grants or loans or state rebates.
3. Research and select the most appropriate solar system for your business with the assistance of an experienced integrator.
4. Contract options for funding a rooftop solar system.
Traditional Financing
Operating (Solar) Lease
Classified as a lease, this structure allows a business an opportunity to utilize a solar system while eliminating significant initial investment.
Power Purchase Agreement (PPA)
A PPA is a legal contract between an electricity generator (provider) and a power purchaser (host). A PPA enables a business to enter into long-term contracts to acquire electricity produced by the solar system.
5. Apply for and earn Federal Tax Credits, Grants, Loan Guarantees and State Rebates. Under U.S. Code Title 26 (Section 48(a)(3)), the federal government extends a corporate tax credit to businesses that invest in renewable power. The types of eligible solar technologies include: solar water heat systems, solar space heat, solar thermal electric, solar thermal process heat and photovoltaics (PV).
State rebates are also available
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