Factory Solar Photovoltaic Power Generation Lease

Can a commercial solar PV system be financed with an operating lease?

Financing a commercial solar PV system with an operating lease can deliver long-term energy cost control and clean energy generation on-site.

Who owns a solar PV system?

Desired level of solar PV system ownership Under loan-financed or cash purchase options, the solar consumer directly owns the PV system(s) and receives all associated tax benefits and incentives. Under TPO arrangements, these benefits still go to the owner of the system, in this case the third-party.

Can industrial enterprises benefit from solar PV?

Here are a few benefits industrial enterprises might receive from installing solar PV. The latest Energy Information Administration report shows that the Industrial sector used 32 percent of the total energy consumption of the U.S. and 35% of all end-use energy consumption in 2019.

Can a solar PV system be installed on a factory roof?

As factories are energy-intensive buildings, installing a solar PV system on the roof of a factory ensures free power can be generated to run everything underneath it. While reducing energy costs, a solar PV installation has the added benefit of demonstrating Corporate Social Responsibility thanks to its environmental credentials.

Can a solar PV system reduce energy bills?

Warehouse and logistics firms can significantly reduce their energy bills with a solar PV system. Energy bills are typically responsible for around 15% of operating costs in a warehouse facility, due to temperature control systems and lighting.

How much does a solar PV system cost?

For comparison, utility-scale fixed-tilt systems averaged $1.03/Wdc in 2017 (a 74 percent reduction since 2010) and residential systems average $2.80/Wdc (a 61 percent reduction over the same period).3 As the solar PV market in the United States has evolved, so too have the financing mechanisms associated with it.