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For years, the city of Chicago has been dedicated to making solar energy more accessible. In fact, solar installation is encouraged for both residential and commercial properties. Now more than ever, investing in solar in Chicago is exceptionally beneficial thanks to the booming renewable energy industry! Nonetheless, to first get started, you need reliable funding. To help you with your renewable energy project, consider this list of the top solar financing companies in Chicago below.
For 15 years, the team at AVANA Capital has helped small businesses grow. Specifically, AVANA Capital has created 9,000 jobs in the United States when working with companies seeking investments. When it comes to solar financing, AVANA Capital follows the Triple Bottom Line (TBL) framework The TBL standard asks clients to evaluate the various values—economic, environmental, and social values—when considering a solar project. Therefore, when a client is ready to look for financing, they understand their financial needs in depth. AVANA Capital’s financing options and structures are flexible to meet any client’s unique needs. Specifically, one financial structure that AVANA Capital has used includes a conventional or construction loan, such as the one seen in its Convergent case study. Thanks to the flexibility of financing options available at AVANA Capital, it is one of the top solar financing companies in Chicago. Website: avanacapital.com Phone: 1 (877) 850-5130
LightStream is a national online lending branch of the SunTrust Bank. In addition to the company’s solar financing loans, the company provides financing for other industries as well. Overall, LightStream’s team offers flexibility with loan repayment. For example, if applicable, clients can have a loan repayment timeline ranging two and 12 years. With LightStream’s application process, clients can share their preferred funding method, as well as relevant bank information. Website: lightstream.com Phone: 1 (877) 850-5130
With the Future Energy Jobs Act in Chicago, renewable energy is more accessible than ever. However, finding the right financing solutions can feel overwhelming. The team at SunRun understands this and works to take the stress of solar financing off your shoulders. SunRun offers clients two easy to understand solar leasing options. With the solar financing company’s BrightSave™ Monthly plan, clients can save on monthly electricity costs. On the other hand, clients can choose SunRun’s BrightSave™ Prepaid to receive the best value. Website: sunrun.com Phone: (916) 431-0220
Dividend is a dedicated solar financing company based in California. For clients looking for solar financing, this renewable energy company provides PACE (Property Assessed Clean Energy) funding. Essentially, PACE is a public or private solar financing option clients can take advantage of. All in all, Dividend’s financing is a unique long-term option. Specifically, clients who partner with Dividend are given a fixed interest rate to finance their renewable energy projects. In addition, Dividend provides clients with a no money down policy. So, if you’re looking for a friendly financing option for your company’s solar goals, Dividend can help. Website: dividendfinance.com Phone: (844) 805-7100
Open Energy has underwritten over $1 billion in renewable energy projects. Additionally, the solar financing company has a network of over 70 banks and lenders. Open Energy’s team has over 50+ years of finance and renewables experience. With this experience, its team can help you evaluate your financing options to find the best solar financing solution.
In the end, the solar financing company you partner with needs to align with your needs. First, make sure to determine what your solar project requires financially. Once you know your needs, then you’re ready to reach out to one of the top solar financing companies in Chicago!