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solar financing for your business

Financing your solar project doesn’t have to be a headache. At Empire, we’ve got your back.

we work with you  

We offer competitive custom financing and work with you to build a solar project that suits your needs and budget. From there, we help you find the financing option that works best for you.

choose your adventure  

A guide to helping you find the best way to finance your commercial solar project

Do you have cash or the ability to take out a small business loan with your bank?

yes

Great! You’ll be able to take advantage of Tax Credits such as:

The federal Investment Tax Credit (ITC) will cover 26% of your commercial solar project. 

Tax advantages of depreciation

no

No worries, there are still tons of great options available to you. 

Solar Lease


Pay to “rent” your power at a fixed rate, lower than your old utility bill 

PPA

Pay only for the power you use 

• Pay $0 down
• 3rd party capital provider maintains panels
• Flexible billing options or the option to buy back your panels over time

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leveraging incentives for maximum savings  

When paying with cash or through a solar loan, you may be able to take advantage of these additional savings benefits: 

Federal Investment Tax Credit

PACE (Property Assessed Clean Energy) programs

REAP (Rural Energy for America Program) Grants for Agriculture projects

Depreciation benefits

Reduced sales tax for agriculture customers

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solar panel cost trends nationwide 

The first residential solar system was sold by Hoffman Electronics-Semiconductor Division in 1955 for $25/cell or $1,785/watt. That’s almost $250/cell or $17,000/watt in today’s money. To give you an idea of how astronomical that was, today solar costs about $3.00/watt. 

There have been billions invested into the industry since to create more efficient technologies in the last 10 years, helping to create a 60% drop in cost from $50,000 for an average 6kW system to anywhere between $16,200- $21,420 (EnergySage)

50,000 40,000 30,000 20,000 10,000 0 2008 2010 2012 2014 2016 2018 2020 60% drop

Financing your solar project doesn’t have to be a headache. At Empire, we’ve got your back.

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