Financing
Our financial offerings are tailored to your needs
We offer financing options for solar solutions that are tailored to your specific needs.
Our team serves our clients as advisors: with each project, we make sure that you achieve both financial and energy goals. We partner with you to design a reliable energy solution that empowers your future
Lead your business into the future with solar.
High-Yield Investing
Commercial solar typically earns 18-24% rate of return with a 4.6 year return on investment.
Earn Recognition
Make your company shine. We help businesses create award-winning solar projects.
Turn-Key Service
We handle everything from start to finish and provide ongoing monitoring and support.
Capital Purchase
A capital purchase is a straightforward transaction wherein the customer purchases a solar installation directly from Patriot Power Company. The solar equipment becomes an asset on the balance sheet. The customer benefits from all available federal and state tax credits and will responsible for maintenance after the warranty period ends. Patriot Power Company offers maintenance plans tailored to the needs of each customer.
0% Financing
In our streamlined 0% financing option, a customer purchases a solar installation at a slightly higher contract price. This contract price includes front-loaded interest payments for the loan term which are deductible by state and federal tax incentives. The transaction is recorded on the customer’s balance sheet. This financing option is subject credit approval and requires a review of the customer’s finances.
Operating Lease
In an operating lease, the customer rents solar energy equipment from a finance partner at a fixed price, typically lower than current utility electrical rates. The financier owns the solar equipment and captures any available tax credits. The cost of the system is not recorded on the customer’s balance sheet, however, lease payments can be a tax deduction.
Operating lease terms are typically 7 years. At the end of the lease period, the customer purchases the solar installation at 15% of the original total system cost. Patriot Power Company designs, constructs, and maintains the solar installation for the lease period. Operating leases are typically subject to credit approval and require a review of the customer’s finances.
Power Purchase Agreement
A Power Purchase Agreement (PPA) allows a customer to purchase electricity generated by a solar installation over a contract period, typically 20 years. The cost per kWh generated is locked in at the beginning of the contract and provides consistent costs of electricity for the term of the agreement.
The solar is owned by a financier who contracts Patriot Power Company to design, construct and maintain the array over the term of the agreement. The project financier benefits from all federal and state tax credits. The customer will have the option to purchase the solar equipment for a “buy-out” price at set times during the duration of the agreement.
| Finance | Lease | Power Purchase Agreement | Purchase | |
|---|---|---|---|---|
| Strenghts | Second best savings & ROI, Low or no upfront cost, worry free reliability | "No upfront costs, payments are tax deductible, worry free reliability" | "No upfront costs, savings begin day one, long term energy savings, worry free reliability" | Greatest energy savings & fastest ROI |
| Weaknesses | Larger total project cost | No solar tax credit, system purchase at contract end | Lowest savings, high credit standards | Highest initial cost, owner responsible for O&M |
| System Ownership | Property Owner | Lessor | Financier | Property Owner |
| Initial Cost | $0 or low cost | $0 | $0 | Highest initial cost |
| Solar Tax Credits | Property Owner | Lessor | Financier | Property Owner |
| Term | 10-20 years | 7-10 years, purchase required at the end for reduced rate | 20-25 years | 10-25 years |
| Payments | Monthly | Monthly | Monthly based on use discounted from utility | Progressive |
| System Capacity | 5kW+ | 9 kW+ | 30 kW+ | No limitations |
| Operation & Maintnence | Financier | Lessor | Financier | Property Owner |
Are you ready for the power shift?
Work with an Patriot Power Company expert to discover how solar can give you a competitive edge