Project Financing

100% Financing

Optimize Cash Flow and get the best Return on Investment.

CPACE

For-Profit And Non-Profit Financing
The Commercial Property Assessed Clean Energy (CPACE) program helps commercial property owners pay for solar and energy storage upgrades by providing 100% financing and long-term repayment options.
  • Avoid draining working capital
  • Flexibility with payment plan that coincides with upgrades and incentive programs
  • Transferable loan upon selling with attached assessment
*CPACE is not available in every state.
USDA
For agricultural or businesses that are located in rural areas and meet the USDA Small Business classification.
  • Loan guarantees on loans up to 75% of total eligible project costs; Max $25M
  • Grants for up to 25% of total eligible project costs; Max $500k
  • Combined grant and loan guaranteed funding up to 75% of total eligible project costs

CollectiveSun

Non-Profit Only Financing
SolBid partners with CollectiveSun to provide customers who have little to no tax appetite the ability to monetize their solar tax incentives through a Solar Power Agreement (SPA).
  • CollectiveSun provides a 12% discount of the turn-key system cost
  • CollectiveSun acquires the Tax Benefits
  • Property owner receives all local incentives applicable
  • Property owner receives all energy savings
  • Work’s in conjunction with Project Financing Options above, such as CPACE
*CollectiveSun is not available in every state.

Other Options

Cash
Best option for any commercial property owner with the capital budget and the tax appetite to monetize the tax credits.
  • Property owner pays total project cost upfront
  • Property owner receives all tax incentives
  • Property owner receives all local incentives applicable
  • Property owner receives all energy savings
Term Loan
Best option for any commercial property owner wanting to leverage short-term capital to remove the upfront capital burden.
  • 5-10 year terms
  • Debt is tied to the business
  • Property owner receives all tax incentives
  • Property owner receives all applicable local incentives applicable
  • Property owner receives all energy savings
Purchase Purchase Agreement (PPA)
Best for commercial property owners with little to no capital and wanting to lower their electric bill.
  • Property owner doesn’t own the system, solar developer does
  • Property owner receives discounted electricity from solar developer
  • Property owner doesn’t pay any upfront capital for installation
  • Solar developer maintains operations of systems
  • Solar developer receives all federal, state, and local tax incentives

Tax Credits and Incentive Programs

Investment Tax Credit (ITC)
The federal government allows business owners to obtain a tax credit based on the total system cost. Depending on the year, credit can range from 30% to 10%. This credit can be carried back 1-year or carried forward for 20 years.
Depreciation Tax Write-Off
The federal government allows business owners to write off the total system cost, less 50% of the received ITC. Under BONUS depreciation the depreciation can be taken all in Year-1, or under MACRS, over the 5-year schedule.
Local Cash Incentives
Some states have cash payments and on-bill credit incentives to further reduce the costs of solar. SolBid will ensure that all incentives, both federal and state, have been identified for each project and are provided in the financial analysis.