Solar energy uses one of the cleanest and most abundant renewable energy sources available. Continuous and fast-paced growth in the U.S. solar industry has helped pave the way to a cleaner, more sustainable energy future. Over the past few years, the costs of solar energy systems have dropped substantially, making it the ideal time for businesses to reap the benefits of solar power. EMEX’s goal is to provide easy and simple access to solar power.

Benefits of Solar

Take advantage of a full suite of benefits, including:

Electrical Cost Savings

Installing a roof-top solar system can dramatically lower your electric bills. It is not uncommon for a business owner to save over 60%.

Tax Incentives

Various state agencies and the federal government offer incentives for solar power users to claim tax credits in proportion to the amount of generation capacity that they install on their property.

Utility Rate Protection

Installing solar power can reduce or eliminate your exposure to rising electricity rates, and the portion of your energy usage that is generated by your solar system is no longer subject to increases.

Reduced Carbon Footprint

Using the sun as a resource for power significantly reduces the amount of non-renewable energy needed to run your business.

Flexible Financing Options

1. RENEW by Mantis Innovation Group

Mantis Innovation Group offers an all-encompassing solar solution. By utilizing proprietary cutting-edge technology, we streamline the entire process and are with you every step of the way.

The EMEX and Mantis Difference
  • We ensure the best price for your project including lower unit pricing through Mantis Procure, our reverse auction platform.
  • We work to achieve the best outcome from installation to end-of-life.
  • We eliminate the hassle of dealing with multiple supplier options.
  • By utilizing us, clients can offload responsibility to a team of experts.
  • We help clients avoid the hassle of roofing concerns as well as developer issues.
The Renew Process

 


2. Capital Lease

A Capital Lease can spread the costs over a 7 to 10-year term, just like a loan or mortgage, but unlike a loan, there is no down payment required. Also like a loan, the tax benefits of ownership; including the 30% Investment Tax Credit, depreciation, and the interest component of the lease payments, stay with the Lessee.

From a tax perspective, the combination of energy savings and tax benefits can pay most, or even all, of the cost to install the solar PV system and once the lease is paid off, our client can enjoy an additional 20 plus years of “free” energy.

This solar financing option has several appealing advantages for both profit and non-profit organizations.

Features:

  • Interest rates are determined by customer credit and project size but usually range from about 5% to 7%
  • For a Lessee paying taxes, often the best after-tax return on investment

 

3. Operating Lease

With an operating lease, the tax benefits are taken by the Lessor and much of their value passed back in the form of lower lease payments. All things being equal, expect an Operating Lease quote to be at least 30% less than a Capital Lease. For clients without much need for tax credits or deductions, an Operating Lease may be the best alternative.

Unlike a Capital Lease with a fixed purchase price at the end of the lease term, an Operating Lease requires a certain element of “fair market value” as to the end of lease purchase.

Features:

  • Operating leases require no initial investment, and have lease terms from 6 to 10 years
  • Lease payments are lower because the Lessor takes the tax benefits into account. For most customers, the effective interest rate is actually negative
  • Operating Leases are “off balance sheet” for the Lessee

 

4. Power Purchase Agreements (PPAs)

A Power Purchase Agreement is a long-term agreement where the client agrees to purchase all of the electricity generated by a solar system at a contracted rate. The PPA provider installs, maintains, and operates the solar system – the client only pays for the power that is generated and usually at a small discount from what is charged by the current utility company.

A PPA can be a low-risk option to finance a system and due to some vagaries in the Tax Code, the ONLY way for a non-profit or governmental entity to receive an indirect advantage from the tax benefits for solar PV.  For commercial businesses looking for the highest possible return on investment, one of the other previously mentioned options is often a better choice as the system is paid off sooner. 

Features:

  • Power Purchase Agreements require no upfront investment or maintenance costs
  • Proposals vary based on the underlying economics, but typically the contract lasts for 15 to 20 years and may have up to a 3% annual rate increase escalator
  • At the end of the contract, a new PPA can be negotiated or the system purchased.
5. Community Solar

The primary purpose of community solar is to allow members of a community the opportunity to share the benefits of solar power even if they cannot or prefer not to install solar panels on their property. Project participants benefit from the electricity generated by the community solar farm. Community solar also allows people to go solar even if they do not own property/roof, making it an attractive option for renters or those who live in shared buildings.

Thousands of community solar projects are operational or in-development, supported by major utilities, and regulated by states or Public Utilities Commissions (PUCs) to consistently deliver the benefits of solar to individuals and communities that on-site solar and other renewable energy projects were not able to serve.

Benefits:

  • Supporting renewable energy, reducing emissions, and accelerating the transition away from fossil fuels
  • Creating local power projects that increase regional grid resiliency
  • Saving money on energy bills each month, with no up-front investment

EMEX is on Your Side

  • EMEX is an unbiased advocate for the building owner. We have no financial stake in the selection of any developer or contractor.
  • We deliver the contract that is objectively the best option for the building owner. Many developers provide a contract that is favorable to the developer and they come with few guarantees for long-term success.
  • We work through any contract issues associated with your solar and electricity supplier. We have vast knowledge when it comes to resolving issues with supply contracts.
  • We will evaluate the roof and make sure that it will perform at its best for the life of the solar agreement. If there are issues with the roof, we can help there as well, and can often bundle the cost with the solar installation.

Learn More About Solar

Contact EMEX today to learn more about
our Solar Energy Solutions