What are the financing options for commercial solar installations?

What are the financing options for commercial solar installations?

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.