Commercial Solar Power Financing

Rather than paying cash, many clients select to finance the system through conventional loans, monthly lease payments and or a power purchase agreement, as these options reduce the upfront capital requirement and often improve the return on their investment. Most Commercial Solar Systems can take advantage of the (30%) Federal Tax Credit, bonus deprecation and State / Local utility incentives. Sullivan Solar Power offers three major options for commercial clients:

  • Capital Leases – Zero Down 100% Financing. Minimizes the upfront cost and allows the site host (Lessee) to utilize the Tax Credit as well as the bonus depreciation of the solar system and any additional incentives available. For Tax and accounting purposes the site hose (Lessee) owns the system, thus it is classified as an asset and the lease payments are considered a liability. Interest payments on the lease can be deducted for tax purposes.
  • Operating Leases - Zero Down 100% Financing but the terms of the lease leave the tax benefits with the Lessor, while lowering the monthly lease payment to the site host (Lessee). Operating Leases tend to be the most favorable type of lease with payments lower than current cost of energy.
  • Power Purchase Agreement (PPA) – The Site Host neither owns and or leases the solar system but purchases the energy generated by the system at a specific rate over an arranged term. The Power Purchase Provider who owns the system receives the tax benefits and is responsible for all the operations and maintenance of the system. The Site Host typically has the option to buy the solar system after 6-7 years. Most large scale commercial and utility scale project are done in the form of a PPA.

Commercial PACE

Property Assessed Clean Energy (PACE) financing program is also available for non-residential properties and or commercial properties. PACE financing allows eligible property owners to borrow up to 100% of the cost of their solar system, and then pay the money back through their property tax assessment, typically over a 20 year term. The project economics look very attractive, and allow projects to cash flow, assuming that the property owner has tax appetite and can utilize the federal tax credit and depreciation. More information about Commercial PACE and a list approved technologies as well as regions can be discussed with a Sullivan Solar Representative.

Territories that currently allow non-residential PACE financing:

  • Los Angeles County
  • Sonoma County
  • Palm Desert
  • Western Riverside Council of Governments
  • More to come…

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WHY SULLIVAN SOLAR POWER?

CUSTOMER TESTIMONIALS

  • Our experience was wonderful. They made sure we were well informed and were never pushy for the sale.

    - C Paulsen
  • Very professional, nonintrusive to my home. Worked around my schedule, EASY to work with, no misleading information.

    - D Acosta
  • With no money out of pocket, we now have become part of the solution to our country's energy problem.

    - P Gable
  • Sullivan took my $700 SDG&E bill to 29 cents! I think that says it all.

    - J Hemmi
  • If I knew it was going to be so simple and painless I would have gone solar years ago.

    - D Bajek
  • Everyone worked on my home as if it was their own.

    - D Navarro
  • Sullivan, by far, provided the best system value and the best long term opportunity to save money through solar power.

    - K Hord
  • This is a no-brainer in sunny San Diego. Very easy process. I helped the environment, fixed my electric bills and saved money too!

    - C Young
  • First rate.

    - A Wilson
  • I love watching my electric meter go backwards. Thank you Sullivan!

    - J Sanders
  • Outstanding.

    - B Maxon
  • There are so many options in the growing solar market and if we had to do it all over again, we would choose Sullivan Solar Power.

    - C Minegar
  • Sullivan was the best priced of four different contractors and was the most professional and prepared.

    - K Allin
  • Sullivan Solar Power is the one solar installer I trusted to do the job properly the first time.

    - J Conlin
  • All I can say is - excellent work delivered by a professional team.

    - L McJannet
  • We are totally happy to be doing our part to save the planet and save money.

    - A Gilleran
  • We recieved quotes from 4 companies and Sullivan was by far the most professional in their proposals and also most accurate in their production estimated by far.

    - M Rupe
  • Sullivan Solar Power proved to be an excellent choice after researching solar contractors; they were knowledgeable, professional, courteous, and accurate with their estimate.

    - J Coppola
  • The planning of our system by Sullivan, dealing with the city on approvals, installation and time to energy production was perfect. All expectations were exceeded.

    - V Lauderdale
  • The sales was professional and installation was professional. I loved the products, other companies wanted to use Chinese parts, not you. Thank you so much.

    - D Brown
  • From the beginning to end your team did an outstanding job. Thank you and God bless you all.

    - L Eddingfield
  • This has been one of the best purchasing (leasing) experiences I have had in years. The system is top grade and so were the people. Customer service was unparalleled.

    - Q Yates
  • Any chance of getting the system to generate power at night? Just kidding! It’s a hoot to watch the meter spin backwards :)

    - R Oepicks
  • Delivered what they promised, on time.

    - M Wahl
  • From the moment I called their offices to after the installation follow up has been a pleasure having Sullivan move me into the Solar age!

    - S Dabiri
  • I've been a contractor for 37 years and I know when a company is doing it right. Sullivan did it right.

    - G Smith
  • Pushing a little bit of our beautiful, plentiful San Diego sun into the grid should be as easy as going to the beach, and it was with Sullivan Solar.

    - H Richter
  • Excellent! Provides 110% customer satisfaction. Thank you for going above and beyond to accomidate our needs; very appreciated.

    - A Rorstad
  • The team was the most knowledgeable and professional of the companies we interviewed.

    - J Albarella
  • Absolutely outstanding!!!

    - F Fair
  • There is a reason why they are the leader- seamless installation and integration. All my questions were answered.

    - L Wilton
  • We would highly recommend Sullivan to our friends as they did an amazing and professional job.

    - J Jul
  • Sullivan Solar made our experience in going solar worry free.

    - J Barcellona