In the United States, mid-size solar photovoltaic (PV) projects are considered to be around 100 kilowatts (kW) to 2 megawatts (MW). A mid-size solar project can consist of one larger solar array on a single rooftop or solar arrays on a multiple smaller rooftops within the same general area. In the United States, many mid-size solar PV installations are transitioning to the solar PV installations at multiple sites rather than one large rooftop installation. New solar financing models and the decrease in cost of solar modules, has altered the scope of mid-size solar projects. According to the US solar industry’s PV installation pipeline, about 60% of the installations this year will consist of mid-size solar array installations.
A popular form of solar financing for the mid-size range solar projects is third-party financing. Any solar installation financed by a third-party will be owned by an entity other than the building owner (host) where the system is installed. The third-party method has gained popularity in the mid-size solar PV installation range because many institutions like schools and government entities cannot take advantage of the 30% tax breaks that developers can. Two of the most commonly used solar financing options are either a Power Purchase Agreement (PPA) or a fixed monthly lease. With the different solar financing options and drop in the price of solar modules, the solar industry has seen a rise in mid-size solar array installations for municipalities as well as educational institutions.
Sustainable Capital Finance (SCF) focuses on providing solar financing solutions to this segment of the market. SCF’s proprietary financing model allows end users to save thousands per year, typically without any upfront costs for a solar installation. Speak with a SCF representative today to learn more about SCF’s solar financing options.