WIRSOL has deep expertise in project financing and can help its clients arrange the necessary investment funds for a solar investment. Systems can be financed a few different ways:

• Owned System - In this scenario, clients pay upfront for the entire cost of the system and in return, they receive the benefits of any available cash incentives and tax credits, as well as free solar power for the lifespan of the system (20+ years). This is an appealing option for businesses that want to offset electricity consumption from their local utility and may be looking to reduce their income tax exposure.
• Power Purchase Agreement (PPA) - Power Purchase Agreements are an appealing option for customers interested in locking in lower, long-term, clean energy rates, but want to avoid the upfront costs of a solar system installation.  In this scenario, the solar system is installed on the customer's property, but instead of paying for the full cost of the system design, installation and maintenance, WIRSOL secures a financier who absorbs these costs in exchange for the various benefits that come from owning a system. With this option, customers realize energy savings immediately via lower, pre-determined rates for all electricity generated by the solar system.
• Leasing - With this option, clients also avoid the upfront capital cost of purchasing a system, and enjoy the benefit of predictable monthly lease payments regardless of season or energy generation.  This is an appealing option for businesses or government entities that value the predictability and simplicity of a lease and the option to purchase the system at a later date at a discount.

Using each client’s investment preferences, WIRSOL will work to determine the most suitable financing option. 

Now learn more about the installation process.