Finance Options

Join the growing number of municipalities that are partnering with Amberjack and now receiving electricity at a greatly reduced rate, from a clean source, at no cost to the municipality. The economic and environmental benefits of using solar energy are tremendous. Now that you know how solar PV works and that Amberjack Solar Energy can help identify the best Solar PV System for your facility, there’s just one more decision for you to make before you can harness the power of the sun—the mode of payment.

Amberjack Solar Energy offers a number of easy finance options to offset the costs of solar panel installation in Massachusetts, New Jersey, New York, Connecticut, Pennsylvania and North Carolina. Whether you are a small commercial facility or a larger complex, we have the knowledge and the options to suit you. Call us or fill out our online form and we’ll schedule a meeting right away.

What finance options does Amberjack Solar Energy offer?

Did You Know?

Hybrid Structure: A combination of the CPA and PPA, the hybrid structure is a great option if you would like to share ownership with Amberjack

Capital Purchase Agreement - CPA

A CPA involves paying for the Solar PV System upfront. As the owner of the system, you will receive all of the government incentives and income from the sale of the SREC’s (available in states with a SREC program). Read More »

Benefits
  • Government grants and incentives: Since you own the system you benefit from tax incentives for renewable energy sources like the Federal Investment Tax Credits (ITC equals 30% of the installation cost) and depreciation under the Modified Accelerated Cost-Recovery System, as well as state incentives.
  • Positive Cash Flow: Your Solar PV System is an income generating machine.
    • You can reduce or eliminate electric bills entirely.
    • Enjoy a net metering agreement with your utility company in which you earn credits for the surplus solar energy you send back to the grid. You can use this excess at a later date absolutely free of cost.
    • Earn extra income from the sale of your Solar Renewable Energy Certificates (SRECs [available in states with a SREC program]) through the securities market, a long-term sales contract or at auction. Each time a Solar PV System generates 1,000 kWh of electricity; an SREC is earned and placed in the customer's electronic account. SRECs can then be sold on the SREC tracking system, providing revenue for the first 15 years of the system's life. Electricity suppliers in states like New Jersey are the primary purchasers of SRECs, because it helps them avoid paying a Solar Alternative Compliance Payment (SACP).
  • Energy savings: Using solar panels to generate your own electricity brings energy savings. Rooftop-mounted solar panels also deflect summer heat and winter wind to significantly reduce your heating and cooling bills and extend the life of your roofing system. Plus in months when production is higher than demand you can sell it to your provider.
  • Positive corporate image: Your company will be recognized for its environmental responsiveness and commitment to preserving the earth for future generations.

Note: Even if you desire a loan to finance your CPA, your income from the system will be more than your monthly payments. Plus, you could apply the tax credits towards the principal amount and take advantage of depreciation, SREC income and energy savings to earn positive net gain for your company. Call Amberjack Solar Energy to learn about customized installations or e-mail us before the tax incentives and rebates cease.

Power Purchase Agreement - PPA

The PPA allows your business to benefit from purchasing electricity at a greatly discounted rate without buying/owning the pv system... Read More »

Amberjack will pay for the entire system and own the system. We will provide your company with electricity at a greatly discounted rate for 15-20 years and then give you the system at no cost. Your electricity rate will be predetermined for the life of the PPA, hedging you against the annual rise in utility rates. This arrangement is especially advantageous to schools, non-profit organizations and municipally owned buildings that are not allowed to utilize the government tax incentives.

Additional Benefits to the PPA
  • Helps business promote sustainability: Your business promotes the use of green energy, reduces its carbon footprint and has better control over utility expenses.
  • Improved corporate image: The community views your company or municipality as a supporter of energy conservation and a provider of a healthy environment for your employees and the general public.

If you’re not familiar with how this works, take advantage of our free solar evaluation to learn more. Our solar consultant will analyze last year’s electricity bills and provide a free information package on your ROI and financing options.

Lease

Your company can lease a Solar PV System from Amberjack for a 7 to 10-year term. Like the PPA there is no cash outlay but an agreement for solar energy purchase.... Read More »

Benefits
  • No capital investment: No cash commitment is required from you.
  • Fixed energy rates: You don’t have to worry about utility rate increases for contract duration.
  • Purchase option: Can purchase Solar PV System at end of contract.
  • Green corporate image: Your business is perceived as a supporter of sustainability and a cleaner environment.

Call us to discuss the long term benefits of converting to Solar PV Systems.

Hybrid structure

A combination of the CPA and PPA, the hybrid structure is a great option if you would like to share ownership with Amberjack. Your commercial enterprise can pay 20% to 30% of the system cost while Amberjack puts in the balance secured by a PPA.... Read More »

Benefits
  • Tax incentives for renewable energy sources: As part owner you can benefit from of a pro-rated portion of ITCs, MACRS and rebates.
  • Set electricity costs: Through the PPA you have the advantage of fixed electricity prices for the entire term.
  • Purchase option: Can purchase when contract ends.

Contact Amberjack Solar Energy for our exceptional turnkey services that include expert help with applying for permits and tax credits, installation by a State Certified Licensed Contractor and establishing a GATS (General Attributes Tracking System) account to measure and record your monthly solar energy production. We can also provide more detailed information regarding financing your Solar PV Systems in MA, NJ, NY, CT, PA and NC.

We know that going green helps to earn more green.

Call us to discuss the long term benefits of converting to Solar PV Systems. We know that going green helps to earn more green. Contact Us...

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Look what our current customers are saying!

Shopping for a solar company to partner with was quite an endeavor. Having interviewed the field, researched the players, interviewed their customer bases, the choice became obvious. When we decided to go with Amberjack, we knew we were getting a knowledgeable, first rate company. A company that took our needs seriously, uses only the best materials, works fast, intelligently and more!

Aaron Slonim, the owner of CCSI Candy