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BlueSel Commercial Solar Blog

SunPower graphic lead - 4 ways to pay for commercial solar

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4 Ways to Pay for Commercial Solar Energy – Part One

A Cash Purchase and a Power Purchase Agreement

If you are more interested in understand about a bank loan or traditional and unique leases offered through BlueSel Commercial Solar, go to Part Two.

We briefly discuss on our Financing Options page how businesses and organizations in Massachusetts and Rhode Island can finance a commercial solar energy system. Not surprisingly, we find this “4 Ways to Pay for Commercial Solar” graphic from our partner SunPower to be a good summary illustration about your choices. And this reminds us there is an opportunity explain further how you can think about your options.

In this first of a series about financing, we take a look at two of the best options for a profit-making and for a non-profit seeking relief from their respective energy costs.

Solar Power for Business

Purchasing your solar energy system outright with cash not only assures you get up and running earlier and start saving immediately, but it by far delivers the highest energy savings throughout the 25+ year system lifetime. To those who are able to make a full purchase, there are some key benefits:

You reduce your utility cost or eliminate it starting the very first month. There are no other payments to make for financing. You maintain one significantly reduced utility. Or none!

As noted on our Fundamentals of Savings page, you could be cash flow positive in as few as 3 to 5 years. You will have fully recovered the original cash and are now simply accuring money for every dollar not paid to your utility.

This means you OWN your energy source. You are essentially your own utility for the amount of energy your solar energy system produces. And the good news is after you pay your original investment back, you have no further fuel costs. The likely and predictable maintenance costs will be very small when amortized over the life.

You maximize the value of every incentive available. There is no sharing with any third party.

Solar Power for Non-Profit Organizations

A not-for-profit entity has unique financial challenges. Beyond having to routinely focus on and solicit funding, often there is a lot of financial oversight, too. Every penny spent is an important one.

Power Purchase Agreements (PPA) have become one of the preferred ways for you to reduce your energy costs while visibly showing your commitment to solar energy. A PPA allows you to pick your utility for the solar energy generated by choosing a third party owner for the system.

You avoid the need to budget or borrow precious funds.

Every cost is locked in with the contract. No surprise rate increases.

You ONLY pay for what is produced and you use.

SunPower has been leading the way in facilitating more non-profits to be commercial solar energy users. Here is an example of 10 Massachusetts schools going solar, thanks to the use of PPAs.

And in states where costs are especially high and incentives work like Hawaii, PPAs are helping a number of not-for-profit institutions go solar all at one time. Here is a prime example of solar plus battery storage PPA helping save nearly a half a million dollars per year.

In Part Two, we take a close look at the options to secure a loan or a unique lease offered by BlueSel Commercial Solar.

There is more to consider and compare about your financing options and consider which one works best for your organization or company. We welcome a chance to guide you through the first phase of your important decision with a No Cost Solar Evaluation. Or simply call us at  781-281-8130 .

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More About BlueSel Solar

BlueSel Commercial Solar, Inc. is a locally owned solar energy system installation company with offices in Woburn and Sandwich, Massachusetts. It is co-owned by Wally Cole of Arlington, MA and Michael Tanghe of Hyannis, MA. Mike and Wally are also co-founders of BlueSel Home Solar Inc. Together, these two companies have installed over 550 solar installations with over 5.5 megawatts of solar energy system capacity.

BlueSel Solar was the first SunPower® Master Dealer in Massachusetts. The SunPower Master Dealer program is a “by invitation only”. Out of the 1,200 SunPower dealers around the world, only 21 have been invited to become Master Dealers. SunPower awards the title of Master for outstanding customer service and providing first-class installations.

Our construction process begins with a pre-construction planning meeting led by our EPC project manager and involving your on-site project representative and any other subcontractors who will manage on-site work. This meeting educates everyone on the installation and the construction steps in the process. In our experience, this team is able to develop the best plan to efficiently receive and locate materials and work in the construction site with the lowest impact to your business operations. It also establishes the personal connections to quickly solve problems and make optimal decision during the construction process.

For all of our work, we provide a 5 year workmanship warranty and act as your one-stop contact for the equipment warranties for your installed system. Our construction phase completes with documentation and training on the operation of the system, the maintenance schedule, and contact information for issue resolution. We also offer monitoring services that can identify system performance issues and keep your system running at optimal productive capacity.

Our project manager can acquire all the equipment and materials to implement the design and would work with you to fully manage the logistics of delivering and storing them onsite to minimize any disruption to your normal business operations.

Another important aspect of procurement is our proven ability to manage all the required permits for construction as well as all the required paperwork and interactions with the local utility for grid-connection authorization and PTO (permission to operate). We can also manage the application forms and processes for any incentive programs and credits the system is eligible for. Simply put – our system design includes everything needed to build your system, meet all requirements AND take advantage of all the incentives and credits you are due.

Our engineering begins with the first conversation to understand your electricity requirements, history and project goals. We survey the site and evaluate the total solar power potential and work with you to review the options for all potential solar installations – including the roofs of existing buildings as well as the possible options for Solar Systems over parking areas and unshaded land that might be used for ground-mount systems.

The cost, financing, payback period, and system lifetime ROI are reviewed for each option and the quality equipment included in our designs is always selected meet your budget and optimize the return on your financial investment.

Our engineering plans are fully certified by our engineering partner company – ARC DESIGN – to meet all structural and electrical requirements and qualify fully for current federal and state incentive programs.

More About BlueSel Solar

BlueSel Commercial Solar, Inc. is a locally owned solar energy system installation company with offices in Woburn and Sandwich, Massachusetts. It is co-owned by Wally Cole of Arlington, MA and Michael Tanghe of Hyannis, MA. Mike and Wally are also co-founders of BlueSel Home Solar Inc. Together, these two companies have installed over 550 solar installations with over 5.5 megawatts of solar energy system capacity.

BlueSel Solar was the first SunPower® Master Dealer in Massachusetts. The SunPower Master Dealer program is a “by invitation only”. Out of the 1,200 SunPower dealers around the world, only 21 have been invited to become Master Dealers. SunPower awards the title of Master for outstanding customer service and providing first-class installations.

More About BlueSel Solar

BlueSel Commercial Solar, Inc. is a locally owned solar energy system installation company with offices in Woburn and Sandwich, Massachusetts. It is co-owned by Wally Cole of Arlington, MA and Michael Tanghe of Hyannis, MA. Mike and Wally are also co-founders of BlueSel Home Solar Inc. Together, these two companies have installed over 550 solar installations with over 5.5 megawatts of solar energy system capacity.

BlueSel Solar was the first SunPower® Master Dealer in Massachusetts. The SunPower Master Dealer program is a “by invitation only”. Out of the 1,200 SunPower dealers around the world, only 21 have been invited to become Master Dealers. SunPower awards the title of Master for outstanding customer service and providing first-class installations.

Our construction process begins with a pre-construction planning meeting led by our EPC project manager and involving your on-site project representative and any other subcontractors who will manage on-site work. This meeting educates everyone on the installation and the construction steps in the process. In our experience, this team is able to develop the best plan to efficiently receive and locate materials and work in the construction site with the lowest impact to your business operations. It also establishes the personal connections to quickly solve problems and make optimal decision during the construction process.

For all of our work, we provide a 5 year workmanship warranty and act as your one-stop contact for the equipment warranties for your installed system. Our construction phase completes with documentation and training on the operation of the system, the maintenance schedule, and contact information for issue resolution. We also offer monitoring services that can identify system performance issues and keep your system running at optimal productive capacity.

Our project manager can acquire all the equipment and materials to implement the design and would work with you to fully manage the logistics of delivering and storing them onsite to minimize any disruption to your normal business operations.

Another important aspect of procurement is our proven ability to manage all the required permits for construction as well as all the required paperwork and interactions with the local utility for grid-connection authorization and PTO (permission to operate). We can also manage the application forms and processes for any incentive programs and credits the system is eligible for. Simply put – our system design includes everything needed to build your system, meet all requirements AND take advantage of all the incentives and credits you are due.

Our engineering begins with the first conversation to understand your electricity requirements, history and project goals. We survey the site and evaluate the total solar power potential and work with you to review the options for all potential solar installations – including the roofs of existing buildings as well as the possible options for Solar Systems over parking areas and unshaded land that might be used for ground-mount systems.

The cost, financing, payback period, and system lifetime ROI are reviewed for each option and the quality equipment included in our designs is always selected meet your budget and optimize the return on your financial investment.

Our engineering plans are fully certified by our engineering partner company – ARC DESIGN – to meet all structural and electrical requirements and qualify fully for current federal and state incentive programs.

More About BlueSel Solar

BlueSel Commercial Solar, Inc. is a locally owned solar energy system installation company with offices in Woburn and Sandwich, Massachusetts. It is co-owned by Wally Cole of Arlington, MA and Michael Tanghe of Hyannis, MA. Mike and Wally are also co-founders of BlueSel Home Solar Inc. Together, these two companies have installed over 550 solar installations with over 5.5 megawatts of solar energy system capacity.

BlueSel Solar was the first SunPower® Master Dealer in Massachusetts. The SunPower Master Dealer program is a “by invitation only”. Out of the 1,200 SunPower dealers around the world, only 21 have been invited to become Master Dealers. SunPower awards the title of Master for outstanding customer service and providing first-class installations.