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If you’re tired of overpaying for your company’s electrical bill, switching to solar energy might be the ideal move. In addition to saving money on energy bills, most solar panel installations see a return on investment within 7 to 8 years. Furthermore, renewable energy sources often have large tax incentives, which happens to be the case in North Carolina. North Carolina offers a 30% tax incentive for systems purchased with cash or a solar loan, and all installations qualify for a property tax exemption. We have researched and compiled the best solar financing companies in North Carolina to help you find which one is right for you.
With over five years of experience in clean energy financing, AVANA Capital provides solar loans to commercial businesses seeking to transition to renewable energy. AVANA Capital is a firm believer in the Triple Bottom Line, meaning that companies should look into the economic, social, and environmental impacts of a project, which makes them one of the best solar financing companies in North Carolina, AVANA Capital’s solar loan specialists can provide an array of loan financing options, including Conventional, Sale-Leaseback, USDA Department of Agriculture (B&I), and US Department of Agriculture (REAP). In addition, this firm’s flexible financing terms offer longer amortizations and the ability to fund $2M to $50M projects.
YGrene is your go-to when it comes to financing solar projects. YGrene works with a multitude of commercial properties, including retail and industrial, to meet their renewable energy needs. With long term, fixed rates and no payments for up to 12 months, YGrene is the flexible solar financing company that will meet your demands.
Dividend Finance offers PACE (Property Assessed Clean Energy) as a public/private option to finance solar projects. The financing creates an assessment lien on the property, which is repaid in installments for the property’s tax bill. Dividend’s PACE financing option is a long-term, low fixed interest rate to finance renewable energy projects. In addition, it’s no money down policy and off-balance sheet policies make it a friendly financing option for commercial projects.
SunPower is an independent third-party facilitator that works to negotiate the best financing solutions for your solar projects. They work to arrange the best rates with competitive contract terms, making SunPower one of the most suitable options to finance a variety of projects, whether its a manufacturing plant or office building. SunPower has a 100% success rate in commercial solar financing and can offer various reputable financiers that you can trust.
CIT is a national financier that provides secured debt financing for commercial energy projects. With a recent $416 million dollar solar financing project, they have assets available for even the largest of commercial development projects. CIT’s specialty in commercial renewable energy financing makes it the perfect option for mid to large sized companies in transition to solar energy.
Now that you know a little more about the solar financing companies in North Carolina, it is up to you to decide which one is the right fit. With these solar financing options, the commercial lending process for solar energy has been simplified to benefit your company. In order to get the best result for working with a third-party lender, evaluate your company’s needs before choosing the right solar financing option for you. 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.