from Tom in Plover, WI :
#317
Do you have any financing suggestions for a business solar system other than bank financing?
There are many incentives to use as leverage with financers.
The up-front cost is most always the biggest barrier to installing a renewable energy system. I suggest you approach lenders by leveraging your energy savings, the Focus on Energy incentive, the federal tax credit, and any other incentives your utility may offer, to provide a convincing argument for financing. Focus can help with the incentive estimates after bids are obtained for your project, just call us.If financing cannot be secured, consider a fundraiser or other gimmicks to make your project happen. Get creative, and you'd be surprised how people will be willing to support your effort. Another option a bit further down the road might be to investigate a solar leasing model. We expect leasing companies to become popular in Wisconsin over the next 5 to 10 years.
Published Monday, October 26, 2009