Businesses in Missouri have several financing options for commercial solar installations. These include:
- Cash purchase: Paying for the system upfront offers the quickest return on investment and the most significant long-term savings.
- Solar loans: Many financial institutions offer loans with favorable terms specifically for solar installations, allowing you to spread the cost over time.
- Power purchase agreements (PPAs): With a PPA, a third-party provider installs and maintains the solar system on your property. You buy the electricity generated at a predetermined rate, often lower than your current utility rates.
- Equipment leases: Leasing the solar equipment can reduce your upfront costs while still allowing you to benefit from the electricity generated.