Solar Loan
Solar loans allow building owners to take advantage of tax credits and depreciation. Solar loans deliver lower energy costs and increased Net Operating Income. Capital for the solar system and installation is borrowed from a lender and paid back over time with interest, which provides the borrower with several benefits:
Solar Lease
A solar lease allows building owners to lower energy costs and increase net operating income without the need for immediate ownership. It also allows a building owner to obtain ownership at the end of the lease term. The lessor maintains the system over the duration of the contract and charges a fixed fee to the building owner every month for using the system. The benefits of a solar lease include:
Power Purchase Agreement (PPA)
PPAs (power purchase agreements) allow building owners to pay for only the power they need. Similar to solar leasing, Sunwest Bank hires a vetted solar installation company to install and maintain the system. In a PPA, however, the building owner pays for the energy generated by the system to reduce their overall energy costs and increase net operating income. PPAs come with a collection of benefits: