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When investigating solar power systems for your business, it is important to assess all the finance options available to you. The route you take finance-wise depends on your business’s cash flow, budget and projections. Let’s explore some of the solar power finance options available to your business.
Upfront Payment
If your business has the capital and good cash flow, you could afford to pay the costs of installation upfront. Paying the full amount for your new solar power system upfront has the benefit of helping you avoid paying any interest and potentially enjoying the cost-saving benefits sooner. Sometimes when paying the full amount upfront, you are able to negotiate a discount with the installer.
Business Loan
If your business is not in a position to fork out the upfront investment on a solar power system, you can look into applying for an unsecured business loan to fund the project. If your business has made more than R1 million in turnover in the past year and has been trading for over 12 months, you can apply for an unsecured business loan of between R50k and R3 million.
Solar Power System Rental
Another innovative finance solution is the rent to own model or solar power system rental model of finance. You will apply for solar power installation and pay a monthly rental to the installer for your solar power system for an agreed period of time. You can enjoy the cost-saving benefits of solar power from day 1 without a massive initial investment.
Interested in applying for solar power system rental? Fill out our application form and our installer will be in contact with you with the next steps.
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Have you been looking into investing in a solar power system for your business? You may be wondering what financing options are available to you. With the tough economic climate and exorbitant energy prices, many businesses simply cannot afford the hefty lump sum payment that comes with installing a commercial solar power system. Did you know that solar roof rental is an option for most businesses? If your business has a roof, then solar site leasing is a viable option for you.
What is solar site leasing?
Essentially, solar site leasing is renting out unused space such as your roof, parking lot or unused property into an income-generating area by agreeing to lease the property to solar power installers.
How does solar power roof rental work?
With the energy sector in disarray, the demand for renewable energy continues to grow. There is a huge demand for roof space for solar power system installation. If your business has unutilized roof space, a solar power developer will pay you an annual rental to use your roof space to generate solar power.
The solar developer takes on all the maintenance and installation costs, so there is no pressure on you in terms of financing, maintenance and running costs.
Benefits of solar power system rental
- No equipment or maintenance costs
- Funded by a third-party solar power investor/developer
- Owner of the solar power system will pay a set rental to the property owner annually
- Agreements are approximately 20 years long, guaranteeing passive income for decades
- You get a solar power system without an upfront payment
If you would like to learn more about renting your roof to a solar developer or want an idea of how much you could earn monthly, fill in our application form and we’ll be in touch with an estimate.
