4 :: Financing
Solar power systems can vary greatly in cost, with some systems reaching the hundreds of thousands of dollars. However, our financing options allow our customers to begin enjoying the benefits of installing a solar power system without the upfront costs. Additionally, solar power systems are a long-term, but low-risk investment with a proven record of providing a positive return on investment.
Our team will design a system that will uniquely optimize your return on investment. Lamb Energy will take into account your financial goals, financial capabilities, past electricity usage, future electricity needs, and current government incentives. The energy output will be maximized and the most profitable financing model will be recommended.
Power Purchase Agreement (PPA)
A PPA is a commitment to purchase the power produced from the Lamb Energy solar power system installed at your firm's location. This energy is set at a fixed rate that is less than the rate of electricity in your market. With this, you are able to receive the benefit of renewable energy and a reduced electricity bill, without having to pay for an entire solar power system upfront. Simply put, a PPA lowers the cost of your electricity bill with no need to purchase any of the solar equipment. Additionally, your savings will increase as the price of electricity continues to rise. A PPA can last anywhere from 10 to 20 years.
Lease
A lease allows you to make monthly payments for the system over a fixed time period, such as 5, 10, or 15 years. Interest is charged for the time period of the lease. This option still provides savings, though, as the cost to lease the system is less than the cost of the electric bill. Once the lease expires, the system can be purchased or another lease can be established.
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