Three-phase financing for IP55 outdoor photovoltaic cabinets used in oil refineries

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View/Download Three-phase financing for IP55 outdoor photovoltaic cabinets used in oil refineries [PDF]

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4 FAQs about Three-phase financing for IP55 outdoor photovoltaic cabinets used in oil refineries

What are the available solar financing options?

Let’s dive in with a quick review of the available solar financing options. Solar financing options are divided into two camps. Direct ownership of a solar system can be financed with a cash purchase or a solar loan.

What is third-party solar financing?

Third-party financing is a well-established financing solution in the United States, having emerged in the solar industry as one of the most popular methods of solar financing. Third-party solar financing predominantly occurs in two forms: solar leases and power purchase agreements (PPAs).

Can third-party ownership be financed through a solar lease or PPA?

Third-party ownership can be financed through a solar lease or power purchase agreement (PPA). Without a tax credit for homeowners to claim, leases and PPAs will offer greater savings for many homeowners. *Lifetime savings vary based on utility rate, state & local incentives, and other factors.

Which states authorize third-party PPAs for solar PV?

This map of the United States shows which states and territories authorize the third-party PPAs for solar PV, which includes at least 28 states (plus Washington, D.C., and Puerto Rico). This map and information are provided as a public service and do not constitute legal advice.