Lease
What is a lease?
Solar leases consist of “renting” a photovoltaic solar system. You get many of the financial benefits of installing a solar energy system without having to pay for it.
In Central America it is typical to be able to purchase the system for a modest amount at the end of the lease period.
- Can potentially offer a lower initial cost or no initial investment option
- It can meet the needs of your business in terms of the impact on your income tax. You will need to evaluate it with your own accountants or advisors
- In our experience, it's a faster and often easier way to start using solar power
- Although, the leasing company will own the panels for the life of the contract; the monthly rent payment should be less than the savings on the electric bill
- The lessor will be responsible for the maintenance of the solar panels during the life of the contract.
- You may be able to count the cost of lease payments (operating leases) or interest expense (finance leases) toward reducing your taxes.
At Avolta, we work with our sister company, CTW Leasing, a special type of leasing company called the Green Leasing Company.
With CTW Leasing we also have the ability to offer Solar Power Purchase Agreements (PPAs) in countries where it is permitted. Contact us if you require more information on this topic.
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