Financing

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There has never been a better time to install renewable energy systems due to unprecedented financial incentives for “Green” initiatives. SolarPower93 will work with clients to match their  needs with available funding through traditional means and/ or new government programs, and in some situations offer the alternative of a Power Purchase Agreement.  See the attached link to DSIRE Solar for a comprehensive overview of state, local, and federal incentives and policies that promote renewable energy and energy efficiency.

We will work with customers to design a system which has a payback period of 5-11 years, and a ROI of 10-25%. Our goal is to have customers receive the maximum possible financial benefit through low cost financing, government rebates, economical utility interconnection agreements and the lucrative sale of Renewable Energy Certificates (REC’s).

Government Programs

Each state offers different incentives and there are numerous federal programs. For example, here are just a few of the incentives & rebates available in Pennsylvania:

  • A 30 % Federal Incentive Tax Credit (ITC) for the total project costs. Projects completed by the end of 2010 are eligible for either a 30% tax credit, or a cash grant paid within 60 days after the completion of the project. If cash is chosen, the payment will be wired directly from the U.S. Treasury.
  • Renewable Energy Certificates (REC’s) are available in 29 states and the District of Columbia, to owners of Renewable Energy Generation Systems.

NOTE: Unlike Pennsylvania, the State of New Jersey does not offer cash rebates and tax incentives.  Consequently, New Jersey’s REC’s are valued at 50-75% more than Pennsylvania’s; however, NJ REC’s may only be sold within the state, while PA’s can be traded among several states.

Traditional Loan Options

SolarPower93 will work with the customer to prepare the underwriting documentation to the lender’s satisfaction for those customers who wish to use traditional property loans,  equipment loans, or lines of credits to finance the project costs. This is traditionally the least expensive money for project costs that cannot be financed through government incentives.

Third Party Finance / Leasing

Customers wishing to conserve their cash flow may qualify for third party financing. For those customers who wish to work with our project finance team we will make every effort to introduce customers to our affiliated regional and national lenders.

Power Purchase Agreements (PPA’S)

For those customers having excellent credit and qualifying for PPA’s, we will offer to fund the costs of the system in exchange for a long-term commitment to purchase the electricity produced by the system.

In this situation, SolarPower93 will provide 100% of the equipment and installation costs while the customer agrees to sign a long-term contract for the electricity, maintenance and monitoring of the system.  The advantages of this arrangement are:

  • No up-front fees;
  • Immediate energy savings;
  • Long term fixed rates for electricity;
  • SolarPower93 retains 100% responsibility for the management of the system.

Who We Are

Over the past 20 years the seasoned professionals of SolarPower93 have worked in the Energy Services and Alternative Energy fields for such notable corporations as Johnson Controls, PSE&G, PECO, Siemens and Gamesa Wind Turbines. The energy and construction projects managed by our veteran team have ranged in value from $5 million to more than $500 million.
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Customers

SolarPower93 provides comprehensive, customized energy services and turn-key solutions to lower energy costs. We offer grid-connected solar photovoltaic, solar thermal and geothermal systems for mid to large sized Commercial & Industrial Customers, Government Facilities, Schools, Hospitals, Utility Companies and REIT's.
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Services We Provide

SolarPower93 coordinates structural, mechanical and electrical engineering services; electrical and wireless infrastructure analysis; performance contracting; energy savings strategies; energy saving equipment and devices; certified solar & geothermal installation; and project finance.
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