Leasing
In recent years, leasing has taken on many new and creative formats, there is the standard equipment lease, tax leases, modified tax leases, capital leases and any number of variations brought forth to assist in the deployment of renewable technologies. Leasing is a solid position for acquiring a renewable technology for your business, in our evaluations, meeting with your CFO and tax advisers will allow us to place the preferred options in front of them. Payback varies dependent upon the options chosen from 5-15 years.
Purchase
Dependent upon your businesses structure and financial position an outright purchase is quite often a great option. Offering the shortest payback position of from 4-6 years. Then the electricity generated from the system is free for the duration of its functional lifetime.
Power Purchase Agreements
Power Purchase Agreements have been utilized by Utilities and large corporate energy users for years. In recent years, they have been offered to Renewables, most notably Solar, Wind and Fuel Cell systems.
A PPA allows for a system to be engineered and sited at your facility typically with no upfront costs, providing reduced electrical rates from day one.
Maintenance and equipment replacement is handled by the PPA group, terms usually are from 10-25 years with annual increases substantially less than your utility. Ownership, REC’s, rebates and tax credits remain with the PPA group. Some offer a purchase option at the conclusion of the agreed upon term, dependent upon your contract.
