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Solar energy is the cheapest alternative energy source available today. In fact, the cost has actually declined over 80% in the last ten years, making it as affordable as ever. Here are the top five commercial solar financing companies nationwide that can help renewable energy providers find the right financing programs.
AVANA Capital has over 5 years of experience helping companies invest in solar. The company believes that solar renewable energy creates value for not only companies themselves, but also the economy as a whole. AVANA Capital is committed to renewable energy because of the long term benefits to all stakeholders. What sets AVANA Capital apart from the other commercial solar financing companies is that they offer flexible terms and longer amortizations. They have the capacity to fund projects that range from $2M to $50M with the ability to work with multi-site projects of any size. Sale-leaseback, conventional, Rural Energy Assistance Program (REAP), and USDA Department of Agriculture (B&I) are the types of financing that are offered.
Sun Power has completed over $10 billion in project financing because of their 100% success rate in commercial financing. They have a reputable network of financiers who are ready to fund your project. They evaluate your energy and financial goals and then recommend the best option. Since they outsource the actual financing, they also eliminate financial bias. Lastly, their team of experts have relationships with investors that ensure a smooth financing process.
BraggaWatt specializes in helping small and medium businesses in both the profit and nonprofit sectors. Braggawatt’s online process streamlines site-specific solar savings scenarios, enabling you to compare options and customize your system. Additionally, BraggaWatt gives you the option of selecting from their Financed Ownership & Solar Service (PPA) options, both of which require zero upfront cost until your system is up and running and saving you money.
If your business selects Open Energy Group, you can expect their expert teams to help evaluate your options and find the best solution for you. Open Energy is committed to finding the lowest prices for their clients and making solar an option for every company. They offer the widest range of types of loans of the companies on this list.
REC Solar has helped businesses invest in solar for over 20 years. They are one of the best in the business for a number of reasons, one of them being the diversity of options they offer to clients. Their finance options include Power Purchase Agreement, lease, and cash or loan. Their in-house team is ready to guide you through the cash flow analysis and weigh your options if you choose REC solar.
Now that you know more about the top commercial solar financing companies, it’s up to you to decide what the best option is for your business. Outlining your company’s needs is a good first step in the process of deciding which company to use. For more information about how AVANA Capital can help your business transition to solar power, contact them today and one of there specialists will be able to answer any questions you might have.