Get a Big Impact for Zero Down
While District Energy does not have “a horse in the race” for solar project financing, we can introduce you to trusted finance partners. The most common ways that our customers have financed their projects are below. Our team, leading the solar industry in Washington, DC, is committed to providing customers with affordable power solutions. We’ll also ensure that you receive all available benefits for federal and state tax credits, as well as other solar incentives.
Cash Purchase
If you have the financial resources available, purchasing your commercial solar system delivers the greatest long-term savings and return on investment. From 2022 to 2032, you may be able to recover up to 30% of your system costs through tax incentives. Your energy savings will pay for the system in a few short years, with decades of free electricity to follow.
- Claim tax credits.
- Receive all of the other incentives.
- With savings on your utility bills, your system will pay for itself.
- Increase your property value.
Property Assessed Clean Energy (PACE)
The property-assessed clean energy (PACE) model is an innovative mechanism for financing energy efficiency and renewable energy improvements on private property.
- Payment appears as a line item on your biannual property tax bill.
- The interest portion of your payment may be tax-deductible.
- It is an “off-balance sheet” payment.
- Customers can monetize tax benefits.
Power Purchase Agreement (PPA)
Do you want low-priced solar power but don’t want to own or maintain the equipment? With a PPA, a third party owns, maintains, and repairs the solar power system for 15–25 years, and you simply agree to buy a guaranteed amount of electricity for significantly less than from the utility company. With a PPA, there are no upfront costs, no system maintenance concerns, and instant savings.
- No out-of-pocket or ownership costs
- Low price per kWh
- PPA providers claim tax credits and incentives
- A 20-year production guarantee
- Low payments and immediate savings
- System Size > 100kW