Commercial Solar Loans
Clean Energy Credit Union offers loans ranging from $50,000 to $1.5 million for terms of 10, 12 or 15 years. Lesser loans may be considered on a case by case basis.
Power Purchase Agreement or Lease
Third party investors have a strong interest in solar. With the available federal tax incentives and SRECs, a third party investment partner will pay to install and own the solar system on your property. Through a “power purchase agreement” you buy only the kilowatt hours the system produces.
USDA REAP Grants
Rural small businesses and agricultural producers across Illinois may apply for competitive grants that provide a “bonus” offset to project costs. While grants are competitive, StraightUp Solar can help connect you to resources for the application process.
Commercial Solar Loans
Clean Energy Credit Union offers loans ranging from $50,000 to $1.5 million for terms of 10, 12 or 15 years. Lesser loans may be considered on a case by case basis.
PACE Financing
Property Assessed Clean Energy (PACE) is a specialized financing mechanism that allows Missouri commercial property owners to fund 100% of solar project costs with no upfront capital. Unlike a traditional bank loan, the financing is structured as a voluntary special tax assessment tied directly to the property rather than the business owner. Repayment is made through an annual line item on the property tax bill for terms up to 20 years, often allowing projects to remain cash-flow positive from Year 1.
What happens when the property is sold? Because the obligation is attached to the property, the assessment and its energy-saving benefits automatically transfer to the next owner upon sale. This structure provides a unique added value for multi-tenant buildings, as it allows for the equitable sharing of costs and savings with current tenants. This enables real estate investors and business owners to upgrade their building’s value and protect against rising utility rates without impacting their primary credit lines.
MO Linked Deposit Alternative Energy Loan
Through this State Treasurer’s program, participating banks and credit unions offer 2-3% interest loans to both individuals and businesses. This program has been infrequently used for solar electric projects due to certain limitations, but is well-funded and worth consideration.
USDA REAP Grants
If you are a rural small business or agribusiness in Missouri, you may consider applying for competitive grants that help offset your solar project costs. StraightUp Solar can help connect you to resources to help with the application process.
