Nationwide Green Energy and Solar Financing
A clean energy revolution is taking place across America with billions of dollars being invested in renewable energy technologies such as solar, wind, geothermal, biomass, and hydroelectric power. Many businesses have longed to lower their energy costs by switching to solar, but the economics haven’t been that attractive. Recent government tax incentives and credits, however, now make solar accessible for businesses. Installing solar panels is one of the best investments you can make, giving you more control over utility costs and protecting your bottom line from unexpected rate increases.
How EMR Finance Can Help…
Energy tax credits coupled with long-term financing now makes solar attainable with little to no upfront cost, manageable monthly payments that are offset by energy savings, and preservation of your cash flow for other business needs. In simpler terms, the government helps you pay for the upfront costs (tax credits), long-term financing makes the remaining cost more manageable, and the savings you see on your electricity bill outweigh the loan payments. This combination makes solar a financially sound investment for your business. Whether a small business or large enterprise, EMR Finance can help you navigate the process:
- Minimum transaction size is $15,000 with no upper limit
- 2 – 20 year terms allowing you to fit a monthly payment to your budget.
- NO money down so you can realize energy savings from Day 1.
- NO liens on property.
What Type of Tax Incentives and Credits are Available?
Visit www.energy.gov/eere/solar/federal-solar-tax-credits-businesses for a full overview of federal solar tax credits for businesses and non-profits. In addition, dsireusa.org, offers a database of state incentives for renewables & efficiency or you can search your state’s government website for incentives.
In short, the federal government offers a 30% investment tax credit (ITC) for solar systems <1MW in size that begin construction before 2033. Those with systems 1MW or more can claim the 30% ITC as long as certain labor requirements are met. Confirm these requirements are being met by your solar installer if your system is 1MW or larger. In addition, bonus credits can be taken beyond the 30% for 1) using material manufactured in the U.S. 2) for energy communities and 3) certain low-income communities.
Organizations that don’t pay federal taxes, like non-profits or local governments, can still take advantage of the tax credits through either direct pay or a transfer of credit.
What Types of Equipment Can Be Financed?
We can finance any type of equipment! Examples of green energy projects we can finance include:
- LED Lighting
- Solar PV
- Battery Storage
- HVAC
- Wind Turbines
- Geothermal
- EV Chargers
- Electric Vehicles for Business Use
- Electric Vehicles for Government Fleet
- and Many More
Contact EMR Finance today for a quick and competitive quote.