Sunwest Bank | Solar Financing
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Solar Financing

Solar Financing Solutions For Any Project

Sunwest Bank is your full service renewable energy financier for commercial buildings throughout the Western U.S. We are dedicated to making renewable energy more accessible to building owners, and to maximize our client’s return on investment while minimizing their carbon footprint.

Loan

Lease

PPA

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Solar Loan

Solar loans allow building owners to take advantage of tax credits and depreciation. Solar loans allow building owners lower energy cost and increase 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:

 

  • The borrower owns the system and can apply for tax credits and incentives
  • Some solar loans are $0-down, allowing the borrower to start saving sooner
  • The monthly savings from a solar loan are likely to be higher than the savings from a solar lease or PPA.

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:

 

  • No upfront out-of-pocket cost to purchase equipment
  • Lessor pays maintenance and repair costs for the system
  • Reduced acquisition cost at the end of lease term

Power Purchase Agreement (PPA)

PPAs (power purchase agreements) allow homeowners 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:

 

  • Save money on energy bills
  • Increase net operating income
  • Purchase only the energy you use, no waste