Commercial Solar Financing Massachusetts

A ppa affords you the opportunity to install solar power at your facility without paying upfront costs or worrying about system operation and maintenance.

Commercial solar financing massachusetts.

In recent years loans dedicated to solar installations have become popular in massachusetts. Massamerican energy llc secures 20m for 17 commercial solar rooftop projects in massachusetts november 4 2020 by sb staff commercial solar developer massamerican energy llc announced a 20 million fund in partnership with peoplesbank of holyoke mass. The solar massachusetts renewable target smart incentive program was originally designed to facilitate solar projects by ensuring financing. The best way to understand what solar can do for you is to have us model an array on your facility or property and generate a cash flow model for your review.

Solar for small business program will allow small businesses in massachusetts to see significant savings. This website provides tailored content and resources for putting solar on your business manufacturing facility apartment building or condo the commercial solar hub can also connect you with experts who can answer any questions you may have about commercial solar. The purpose of the solar itc is simple. However it has become so popular that it is reaching its limits much quicker than anticipated.

The itc has proven to be the engine. Loan and lease structures for transactions of 500 000 and above. Bankfive s business solar loans allow business owners in massachusetts and rhode island to address both. The funds will be used to support the construction of 17 commercial rooftop solar arrays.

Our products and services include. Fixed or floating rates for up to 10 years. If you are considering a residential solar electric project please see masscec s residential focused learn about. Let your business capitalize on the financial and environmental benefits of solar energy.

The solar power purchase agreement ppa is an alternative to financing and owning the system. Fill out the the form to. There is no cap on its value. The itc as it applies to commercial solar allows a solar system owner to deduct 30 percent of the cost of purchase of equipment and installation of the solar power system from its federal taxes.

A typical commercial solar system in massachusetts. To encourage the investment in and operation of new solar power resources thus decreasing the nation s appetite for non renewable polluting traditional energy sources such as coal and oil. For many business owners being a responsible commercial citizen means paying attention to environmental impact as much as analyzing the bottom line. Improve your company s energy efficiency to reduce its carbon footprint and help save money over the long term.

For the duration of your contract typically 15 20 years you ll enjoy lower stable electricity rates along with the renewable green energy generated from your solar power system. Financing for wells fargo customers with commercial solar systems in the u s. Pays for itself in as little as 5 6 years delivers a 10 year internal rate of return irr of 7 12 offers a return on investment roi of 200 or more. Terms and structures customized to address cash flow business tax and accounting needs.