Financing

Solar Power Purchase Agreement: (PPA) the power purchaser customer must pass underwriting criteria set and conducted by the investment firm who analyzes the customers financials and utility bills to ensure the customer makes its payments on time. This gives the investor peace of mind that the (off taker) customer can consistently manage their utility bills. The typical (PPA) can span over 20 years and provides a customer with consist energy savings and scheduled payments to the (PPA) investor while the customer may also hedge against expected utility escalations. Because the investment firm will own the solar PV equipment any available incentives are taken by the investor who is responsible for maintaining the equipment.  

Commercial Solar Loan: The commercial property owner applies for a solar PV equipment loan. Until the customer pays off the loan the lender shall take a lien on the solar PV equipment not the physical building. The customer shall receive any incentives and rebates. In isolated cases, when a customer has below acceptable credit the lender of the equipment may require that expected incentives be used as collateral in securing the loan. This type of transaction is not typical and most lenders shy away from the option.  Its a last resort alternative when the customer has extremely poor credit.  

Commercial Solar Lease:

Imagine you want to use solar power to generate electricity for your commercial roof, but you don’t want to buy and install the solar panels outright because it’s too expensive or you don’t want to deal with maintenance. That’s where a solar PV lease comes in.

Here’s how it works: Instead of purchasing the solar panels, you sign a contract with Bliss Solar, LLC. We install and maintain the solar panels on your roof. In exchange, you agree to pay a monthly fee for the electricity generated by the panels.

The key point is that you don’t own the panels or receive any incentives, but you benefit from the electricity they produce. Bliss Solar, LLC takes care of all the upfront costs and maintenance, and you get to enjoy cheaper, cleaner electricity. It’s a win-win situation: you save money on your electricity bills while helping the environment by using renewable energy.