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