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Powering Your Business.
Financing and contract options
SunTechnics works closely with Conergy resources to provide comprehensive financial solutions for every business. Our financing options consider your overall project development and take advantage of incentives to drive down investment and increase cash flow. The current federal tax credit for installing solar energy systems is 30 percent after rebate price. Systems can also be depreciated on an accelerated five-year schedule. To increase your return on investment, our specialists provide yield forecasts and economic return analysis on proposed systems.
Options for your facility to finance a solar energy system may include buying the equipment or participating in a power purchase agreement (PPA).
- For system purchase, financing is available and the customer can take advantage of Solar Renewable Energy Credits (SREC) of $200 to $400 per MWH.
- The PPA can be an excellent option for many operations since it requires no capital investment or maintenance costs. In the agreement, the customer’s site serves as a host for equipment yet they are only buying energy not the assets. This option is best for large projects and allows your organization to benefit from clean solar power and demonstrate environmental leadership without the maintanence responsibilities.
A variety contract options are also possible. For example, one contract that the Conergy Group put together was for EOS Estate Winery. In its entirety, their solar PV and thermal systems cost just over four million dollars. The contract SunTechnics and EOS agreed on is a 10-year lease with a buyout option at the end. The contract was written with flexibility, and EOS can shorten the terms should it choose to. The standard agreement is for 10 years. With this kind of contract, if a customer wants to buy out sooner it has to ask for a buyout price. And if it wants to pay more than the minimum, the soonest it can own the system is in six years. Conergy works closely with commercial customers to offer financial and contractual options with the best overall value.
Finally, by working with the Conergy Group, you can rest easy on your solar energy system and focus on the quality of your product. We can build long-term operation and maintenance support into your financing plan.