Once your site evaluation is complete, we provide a custom financial analysis that clearly shows your electricity bill offset, payback time, return on investment and other economic benefits of solar.
Solar Structured Finance
Many options are available, from true-tax leases to Power Purchase Agreement (PPA’s).
Government Rebates & Incentives
A Smart Investment
Solar electricity can save you thousands of dollars — even hundreds of thousands. When viewed as a long-term investment, it’s low risk with high returns — much better than conventional high risk investments. And with government incentives covering 75% of the installation cost, your payback time is considerably short. These incentives include:
- State incentives
- Federal Investment Tax Credit
- Accelerated 5-year depreciation
- Property tax exemption
Commercial solar electric systems deliver power when it is needed most — during high demand times of the day, offsetting the expensive peak power charges businesses pay to utilities.
In addition to its substantial economic benefits, solar power also delivers the benefits of “going green.” Whether to burnish their public image, use as a hedge against future rate hikes or meet carbon neutral goals, businesses are increasingly purchasing solar electric systems that enhance customer loyalty and attract socially responsible employees.
Power Purchase Agreement
One of the most common forms of financing is the Power Purchase Agreement (PPA). Power Purchase Agreements are structured by a third party financial institution where they own and maintain the system for 10-25 years. They assume the federal and state incentives. Your business is basically renting the roof space, and buys power for a long term fixed rate lower than your current utility provides. It’s a win-win for business with no capital outlay, and the PPA investors can take advantage of the 30% Federal Tax Credit. New York State Solar has strong relationships with reputable industry PPA providers, and we’ll work with you to negotiate the most competitive financing rates.