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Powering the next generation.
Financing options
SunTechnics works closely with Conergy resources to provide comprehensive financial solutions for schools and universities. Our financing options consider your overall project development and take advantage of incentives to drive down investment and increase cash flow. The current federal tax credit for installing solar energy systems is 30 percent after rebate price (phrasing?). Systems can also be depreciated on an accelerated five-year schedule. To increase your return on investment, our specialists provide yield forecasts and economic return analysis on proposed systems.
Options for your educational institution to finance a solar energy system include buying the equipment, signing a tax-exempt lease, or participating in a power purchase agreement (PPA).
- For system purchase, financing is available and the customer can take advantage of Solar Renewable Energy Credits (SREC) of $200 to $400 per MWH.
- In a “muni” lease, schools, municipalities and some non-profits benefit from ultra-low interest and can buy out at the end of term. Customers can also take the SREC.
- The PPA can be an excellent option for educational institutions that requires no capital investment or maintenance costs. In the agreement, the customer’s site serves as a host for equipment yet they are only buying energy not the assets. This option is best for large projects and allows your organization to benefit from clean solar power and demonstrate environmental leadership without the physical plant responsibilities.
Finally, by working with the Conergy group, you can rest easy on your solar energy system. We can build long-term operation and maintenance support into your financing plan.