Financing Options For Any StarPak Project
Solar Financing Options for Any Commercial Solar Project
Here are three common methods for financing solar for business, institutional, and residential:
- Cash Purchase
- Solar Loans
- Shared Savings
Below are some basics and example profiles to help you make your decision
The simplest path. If you have available capital and can benefit from accelerated depreciation and tax credits, purchasing your solar system outright is often the best option. Ownership provides the greatest total energy cost savings on energy over the life of the system, and payback/ROI calculations are simple.
StarPak Group or third party financing allow your organization to purchase solar energy on a monthly basis, often involving a modest downstroke. You benefit from upfront incentives (which usually exceed the down payment), while your ongoing monthly utility savings exceed the monthly loan repayment. Thus, financing typically can result in immediate and ongoing positive cashflow. PACE tax-increment financing at very low rates is available in many areas. Ask StarPak for details.
Shared Savings (applies to deals over $200,000)
This option involves zero investment from you, either upfront or ongoing! Certain StarPak financing sources are willing to fund the entire investment, take the upfront incentives, and be repaid over 60, 72, or 84 months—with zero repayment dollars out of pocket! Instead, the front cost is repaid only from the energy savings we actually deliver. That’s putting our money where our mouth is. At the end of those months, the system ownership is yours and the entire following stream of utility savings is yours.