Financing
EcoSun has partnered with several finance companies to offer many financial solutions for investing in a solar system, either for your business or home. We strive to understand your needs and business operations so we can provide you with a custom-tailored financial package that will make your payments lower than your current utility bill and make it easy for you to convert to solar energy.

Obviously, purchasing a solar system outright will give you a quicker return on your investment, but for most consumers it is not feasible. You can still reap the benefits of a solar system without a large upfront investment; there are a number of options you can use.

Power Purchase Agreement (PPA)
A PPA is an agreement between you, the customer, and a third party, the PPA Provider (PPAP). The PPAP will negotiate with a bank to pay the solar contractor to install a solar system for the customer. The customer is then billed for electricity usage by the PPAP. The PPAP will own, operate, and maintain the system for 15-25 years at which point the customer can buy out the system. Although it is a good solution for getting a solar system with low upfront costs, we don’t recommend PPA’s for a number of reasons.

You the customer will have to spend a tremendous amount of time and money just to negotiate the deal with lawyers.
Usually there is a negative return on your money for the first 5-10 years.
Challenges with site contracts, access and concerns
Contract terms and limitations. Primarily because the banks want huge margins.
Insurance and credit issues between sellers, purchasers and third parties. Overall the customer does not really win unless his only goal is to go green, or has no money at all to put up for the system. But, don’t forget the legal fees.

Lease with Option to Buy
We feel the Lease with Option to Buy is a much better option for the solar customer. Why? It does not have the expense, time and energy of a PPA negotiation for one thing.

With a lease option you will have some upfront cash outlay, typically around 20%, depending on credit worthiness. Payments will be fixed at equal to or lower than your current electricity rates over the life of the system. At the end of the lease you buy out the system at current market value, or in most cases $1.00.

At Ecosun we can help finance your system by taking the customer tax credits and rebates and forward these incentives on to the finance company, thus saving the customer even more on financing and upfront costs. Call your local EcoSun representative today and find out how you can take advantage of the financing, rebates, incentives, and tax credits, and start fighting the rising cost of electricity.