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Similar to a bank loan, the capital lease provides the benefits of equity and SREC, without requiring you to pay the full project cost up front. The project cost is paid out over a set period of time. This is generally the best option for “for profit” companies.

In addition to leasing and more traditional forms of financing, our customers can purchase their power at a discounted rate through a Power Purchase Agreement (PPA). Under this type of agreement, OGW owns or partners with the owner of a solar array. Our clients pay for output just like they would pay for a utility bill, but normally at a lower utility cost from the first month. In other cases, and from a levelized cost standpoint, our customers can expect to pay from 5 percent to greater than 20 percent below retail electric rates over the system’s lifetime. They can also demonstrate environmental conservation without the outlay of capital and long-term maintenance requirements. The PPA is an ideal program for all business entities that can take advantage of depreciation or other tax based incentives.