If you’re looking for renewable energy financing, you’ve come to the right place. For questions about Balance Solar or its services, see the FAQ section below.
You pay nothing for your solar panel system. When the contract expires, the system reverts to you.
Solar energy offers commercial real estate property owners and managers a phenomenal opportunity to either lower operating expenses or increase rent (i.e. cash flow).
As Millennials have become a driving force in the marketplace, corporate social responsibility has become the expectation. Using solar panels for your energy will not only save you money, but will improve your reputation as well.
Solar panels allow your business to use less energy from the grid, meaning you’ll be less dependent upon external power lines and transmitters.
State and local governments are creating renewable energy plans for their communities. Chicago, for example, has pledged to be 100 percent reliant on renewable energy by 2040, which will require meaningful participation from local organizations.
By adding solar panels to your roof, you can actively reduce the amount of energy that’s produced from fossil fuels. That means less carbon dioxide in the atmosphere, and a slower degradation of the planet. Climate change is an economic issue, and by fighting it, you’ll save more in the long run.
We work with residential, commercial, and municipal property owners. Ownership is preferrable, but not strictly necessary.
Length of PPA or Lease term is recommended.
We target clients with roof space in healthy condition with at least 15 years remaining. If your roof does not have this lifespan remaining, contact us for alternatives.
To determine how much you can save with a solar panel system, we need to know the price you pay for power, your average electricity consumption, and the estimated size of your roof.
You must have a credit score greater than 620 to qualify.
A power purchase agreement is an agreement to purchase all the electricity your solar panel system produces. PPAs vary in term length, and often include a full transfer of ownership at the end of your contract.
Solar leases are similar to power purchase agreements but include fixed monthly payments instead of production-based payments.
Aggregation is the process of tracking and monitoring renewable energy credits. Balance enters contracts to sell the credits your systems produce, in exchange for a small brokerage fee.
Your solar panel system is covered by insurance and will be replaced if destroyed. System components include warranties on production and useful life, and most installation companies offer warranties on labor quality. Balance will be liable for any operations and maintenance over the duration of your contract.
Solar panel systems usually last over 30 years. Electricity production decreases over time, but with proper maintenance and care, your system could produce even longer.
Balance covers all maintenance, insurance, and accounting expenses for the duration of your contract.
PACE offers low interest loans for renewable energy solar systems. However, the loan is repaid through an increase in property taxes. Balance’s financing options eliminate the ambiguity, save you significantly more, and provide easy trackability.
We recommend making roof repairs before installing solar panels. Solar panel systems can last over 30 years, and it can be costly to remove and reinstall a system.
You have the option of prepaying your remaining payments (effectively purchasing the system), or transferring your PPA or lease payments to the new occupant.
Renewable energy credits (RECs) represent one megawatt hour of renewable electricity production. RECs have different values depending on your local market
Tax credits provide a discount on your tax liabilities in the year your system is energized. Tax credits are available in every state across the US and are set to decrease in value as time goes on. Credits are valued at 26% of your system’s total cost (as of 2020) and will decrease to 22% by 2021.