Project Funding:
How to Finance Your Commercial Solar Project
As a business owner, sustainability and cost-saving measures are likely top priorities. Commercial solar solutions can address both concerns, but the initial investment may seem daunting. Fortunately, leveraging tax incentives and financing options can simplify the process.
There are several ways to finance commercial solar systems and projects. The ideal option for your business will depend on your tax liability, available incentives, and your perspective on debt. Our solar experts will collaborate with you to find solutions tailored to your needs.
Here are some key questions we will ask to determine the best financing strategy for your commercial solar project:
– Do you have a current tax liability that allows you to benefit from tax incentives?
– What is your target return on investment (ROI)?
– Do you have an existing relationship with a commercial lender?
– Who owns the building, and is there a mortgage on it?
– Are you comfortable with showing debt on your balance sheet?
Once we gain a thorough understanding of your business, we will present multiple financing options. After identifying the best solution, we will connect you with the most suitable financing partner based on rates and contract terms. Our finance partners offer various financing types depending on location, system size, and industry. In some instances, Ontrac Commercial Solar may finance the project directly. Solar and solar financing are not one-size-fits-all – let us create a custom proposal for you.