Financing Solar Projects Can Be Tricky
Many of our customers have the same problem: energy costs are increasing, operating budgets are decreasing, and the organization wants to become greener through the use of renewable energy.
The common reaction is to develop your own solar PV project and then have a third party finance, own and operate the system. However, not all solar projects are created equally. Many options exist for financing solar, and the financiers are more technology savvy today than ever before.
In today’s environment, renewable energy projects are actually competing against one another in order to secure third-party backing; therefore it is critical to understand what financiers look for when developing your solar project. REC Solar works with both the project host and the financier to broker the best solution for all parties: a high performance, reliable, cost-effective solar PV system that is also an attractive investment.
Identifying project attributes that are required vs. optional from the financier’s perspective often make a material difference in your rate payment. Your priorities may lie in aesthetics and total production, but a financier views the project in terms of tax equity, bonus depreciation and performance guarantees. REC Solar has the experience and capability to guide your organization through the process of converting an energy need into a funded reality by helping to navigate the renewable financing arena.