Take your pick.
Whether you have tax appetite and prefer a cash deal or you want to leverage a zero-down power purchase agreement, REC Solar will work with you to maximize your finance goals. We have an in-house team ready to guide you through the cash flow analysis and weigh the options.
Solar Finance Options to Meet Your Needs
For 20 years, we have helped businesses invest in solar. One of the ways we help you maximize your investment by making the right decision about project financing.
Our Finance Options Include:
Comparing the REC Solar Financing Options
|Upfront Cost||None||None||Full Cost|
|Ownership||REC Solar*||REC Solar*||Customer Owned|
|Tax Credits*||Given to REC Solar||Given to REC Solar||Given to Customer|
|Maintenance||Covered by REC Solar||Offered||Offered|
|Term||20/25 Years||7/10 Years*||Customer Owned|
*Customers can buyout the system at the end of the PPA or Lease term, or predetermined intervals.
†Customer use of tax credits varies according to their tax situation.
If you choose to get a loan from your bank, REC Solar requires a letter from the bank confirming the loan amount.
Leveraging Incentives to Maximize Savings
There are lots of ways to save money by taking advantage of federal, state, industry or utility-specific programs.
Our team is made up of experts that will help you identify and secure all desired incentives.
PACE (Property Assessed Clean Energy) programs
REAP (Rural Energy for America Program) Grants for Agriculture projects
Federal Investment Tax Credit
Reduced sales tax for agriculture customers
A Unique Approach to Finance
Here are a few ways our approach to finance is differentiated:
Whether you are looking for tax incentives, lower upfront costs or full system ownership, we have a solution to meet your needs.
Backed by Duke Energy, our Power Purchase Agreement (PPA) finance option is secure and stable.
With an in-house finance team, we help you identify the right solution and make the process of securing financing as simple as possible.