Onyx Solar and CleanFund, the leading provider of Commercial PACE (Property Assessed Clean Energy) financing in the USA, are working together to offer customers access to low-cost, long-term funding for their energy efficiency and renewable energy projects.
CleanFund’s SolarPACE financing offers terms up to 30 years at no upfront costs. This adds the unique value of structured finance, best covering the lifespan of the photovoltaic installation system and allowing the property owners to realize positive cash flows.
PACE financing’s unique characteristics turn it into a great way to fund your project:
- It is easy and quick to approve, with no personal guarantees.
- It is repaid as an assessment of the property’s regular tax bill.
- It is compatible with tax credits and solar incentives, captured by the property owner.
- It offers positive cash flows that increase over time.
- It can be transferred to a new owner upon the sale of the property since it is attached to the property instead of the owner.
Want to finance your photovoltaic glass project with PACE financing? Call now our partners at CleanFund for a free, confidential consultation. They will evaluate your project and help you understand your options with PACE!
415.256.8000 / 415.269.4130
GET A 30% FEDERAL TAX CREDIT
Our photovoltaic glass unlocks the access to the 30% Federal Tax Credit. Also some states offer State-level tax Credits, such as Hawaii, where an additional 35% tax credit is available. Our photovoltaic glass unlocks the access to the 30% Federal Tax Credit. Also, some states offer State-level tax Credits, such as Hawaii, where an additional 35% tax credit is available. The Investment Tax Credit (ITC) is a 30% federal tax credit claimed against the tax liability of the owner of the solar system. It works both for commercial and residential projects, and it consists of a dollar-for-dollar reduction in the income taxes that the owner claiming the credit would otherwise pay the Federal Government.
5 YEAR ACCELERATED DEPRECIATION
The Modified Accelerated Cost Recovery System (MARCS) is a method of depreciation in which qualifying solar energy equipment is eligible for a cost recovery period of 5 years only, instead of a typical 39 year period thus achieving additional federal tax savings.
ACHIEVE UP TO $0.42 PER kWh
Installing our photovoltaic glass unlocks the access to the SRECs market too. Solar Renewable Energy Certificates (SRECs) are a solar incentive that allows for building owners to sell the certificates obtained with their project to the utility. One SRECs is granted for every thousand kWh produced by the façade so that it will be a performance-based incentive. Depending on each market, one SREC may be worth over $425!
ACHIEVE ADDITIONAL INCENTIVES IN YOUR STATE like feed-in-tariff OR PROPERTY TAX INCENTIVES
Are you aware of the many incentives and tax credits available to you when installing a photovoltaic glass system? Start saving on your bottom line and take advantage of ALL of them! Our partners at Energy Analysis Group help our customers making the most of them.
Give them a call now for a free consultation!
732.444.8321 / 732.986.3065
Learn more and download here Cleandfund presentation.