Commercial Solar Financing Hawaii

Solar loans and solar leases each have advantages and disadvantages.

Commercial solar financing hawaii.

Ppa takeout solutions for 100kw commercial non profit projects with both rated unrated energy consumers. Aside from saving money on your monthly electric bill there are other key incentives that help solar ownership in hawaii make sense. Compare solar loans and solar leases on energysage to determine which one is right for you. Hawaii pacific solar through several partnering arrangements offers various forms of financing for its residential customers.

The solar power purchase agreement ppa is an alternative to financing and owning the system. 1 the 30 federal tax credit 2 the 35 state tax credit and 3 net metering. Wunder provides construction and term financing for commercial solar projects. Sometimes referred to as a third party ownership model.

These include standard loans with varying terms and also a lease program. If you are ever unsure about the legitimacy of a notice you receive regarding a loan with the hawaii green infrastructure authority we encourage you to contact us via email at email protected or call 808 587 3868 before responding to the notice. Use this hawaiian electric locational value map to see if an area has availability to connect solar power to the grid. Both options reduce your monthly electricity bills and your impact on the environment but the terms and conditions of each type of agreement are different.

The clean energy loan loan program is subject to borrower qualification and underwriting guidelines. The initial interest rate is 0 00 for the 24 month initial period followed by a fixed term and rate for 96 months. Commercial solar financing rec solar commercial corporation 2020 04 23t06 04 56 07 00 take your pick. A ppa affords you the opportunity to install solar power at your facility without paying upfront costs or worrying about system operation and maintenance.

The potential savings from going solar in hawaii are very real. The commercial non profit sectors have been vastly underserved. Whether you have tax appetite and prefer a cash deal or you want to leverage a zero down power purchase agreement rec solar commercial solar financing will work with you to maximize your finance goals. Financeable project structures range from traditional commercial solar ppas to feed in tariffs community solar developments and unrated credit offtakers to name a few.

Wunder s dedicated team will always work directly with you to get your unique project financed. Hawaii pacific solar is also an approved contractor under the state gems program which provides on bill financing to residential.