How we work
Businesses and nonprofit organizations that are interested in going solar have a lot to consider, but we are here to help every step of the way. The first step is to contact us about the project, so we can get to know more details, such as who the energy client is, the project location, and the economic feasibility of building a solar array. Typically, an energy client should have a fairly new roof with southern exposure, good credit history, and approval from leadership or the board of directors.
The clients and projects that qualify for financing are moved into our development pipeline where we structure the financing needed and contract with an experienced construction partner to build the system. While some energy clients are partners in the financing package providing a down payment or other investment, that is not necessary. We provide in-house lending and financing for all projects.
During the development phase, energy clients sign a Power Purchase Agreement which states the cost of the energy produced by the solar array for the life of the agreement, typically 20-30 years. All of our clients realize an energy cost savings in the first year of operation, and this savings increases every year as traditional energy costs continue to increase significantly.
Once the project is complete and generating energy for the client, Solaris Energy will continue to own and maintain the system for the life of the Power Purchase Agreement. The client’s only responsibilities are to pay energy bills on time and allow us access to the system for periodic maintenance. For most systems there is an option for the client, or an outside investor, to purchase it outright after 6 years and receive the significant investment returns that solar energy provides.