At ACS we make sure that every project offered can have different financing options. We have many green energy financing partners that can provide financing for every type of business and scope of project: solar construction, energy efficient construction and energy storage. From small family businesses to large industrial business we have financing for it all. We make it a simple process tailored to the customers needs.
Some businesses want to pay upfront for the building’s energy upgrades and have no monthly payment. With solar energy this can create a beneficial ROI in the long run. Energy efficient projects also in many cases will be calculated in a building’s maintenance expenses like a roof, for example.
We provide leasing options for solar energy projects to businesses that prefer to keep their cash outlay to a minimum. Lease options also include maintenance and repairs packages. Lease are a great option to easily access the benefits of renewable energy savings.
Our green energy financing partners have many loan options and ACS’ financing department will be able to provide you short to long term financing options for any project. We have specialized loan programs for energy efficiency projects, solar energy projects, and energy storage projects. Our strong relationship with our financing partners enables us to get the best solution for your business.
Power Purchase Agreements (PPA) are a popular option for businesses to have immediate installations and simple project execution. You pay a lower electricity rate to the PPA financier at a pre- established price instead of paying your local utility. Many businesses with no taxable income use this option because the PPA’s Financier in most case with be able to utilize tax credits to reduce system costs.
We are up to date with the programs offered by different categories: industry or utility-specific programs, federal, state, and local incentives. We make it our priority to identify and provide the best incentives to maximize our customers savings. We are residential and commercial energy efficiency construction professionals, not accounting professionals. Every situation is different based on the financial situation of each customer.
The following are some other examples of incentives: payments for a state performance-based incentive, state and local income tax credits, state and local property tax exemptions on the equipment, taxable state or non-profit grants, tax-exempt and subsidized energy financing
An important part of the tax credits available to businesses for energy-saving is the solar investment tax credit. The ITC then steps down to 26% tax credit in 2020 for businesses that install, develop, and/or finance solar energy property.
Businesses may be eligible to receive a fully funded battery. SGIP is to help critical facilities and infrastructure stay online for customers and communities vulnerable to Public Safety Power Shutoff (PSPS)events. SGIP offers incentive levels high enough to potentially provide those facilities with a free battery. Customers must meet various criteria to be eligible for SGIP rebates. Incentives are provided on a kWh basis per location.
Depreciation is one of the easiest ways businesses can reduce the overall cost of a PV installation, ROIs can be high, and payback can be shorter. A taxpayer who claims the commercial ITC for a solar PV system can typically take advantage of an accelerated depreciation bonus (Modified Accelerated Cost- Recovery System, or MACRS).