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Powering Your Community and Your Country.
Financing energy independence
SunTechnics works closely with Conergy resources to provide comprehensive financial solutions for municipalities. Our financing options consider your overall project development and take advantage of incentives to drive down investment and increase cash flow. The Conergy Group’s financing partner EPURON is an integral component of our project development process. We work determinedly from multiple angles to ensure your municipality receives the best financing package possible.
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. Options for your project to finance a solar energy system include buying the equipment, signing a tax-exempt lease, 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.
- In a “muni” lease, schools, municipalities and some non-profits benefit from ultra-low interest and can buy out at the end of term. Customers can also take the SREC.
- The PPA can be an excellent option for communities 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 municipality to benefit from clean solar power and demonstrate environmental leadership without the physical plant responsibilities.
Significant federal and state incentive and rebate programs are available to offset the cost of municipal renewable energy systems. Our financing representatives can readily explain these options and guide your participation. In addition to incorporating available incentives and rebates, Conergy’s financing specialists offer a number of value-added services to maximize your return on investment:
- profit evaluation
- yield forecasts
- economic return analysis
- pre-financing options
- debt and equity structuring
- tax and insurance planning
- contract preparation, audit and negotiation
- investor relations
EPURON, a pioneer in third party financing and Power Purchase Agreements (PPAs) for photovoltaic projects, is one of the world’s leading companies for renewable energy project development and structured financing. Its customers include institutional and private investors around the world. Since it was founded in 1998, it has completed 58 large-scale projects with an investment volume of over $800 million.
Finally, by working with the Conergy group, you can rest easy on your solar energy system. We can build long-term operation and maintenance support into your financing plan.