Businesses across Australia are feeling the pressure of ever-increasing operational costs, with power one of the major expenses for many enterprises. Affordable commercial solar finance may be a workable solution for many businesses to reduce energy costs and overheads and at the same time reduce emissions to contribute to achieving climate change targets.
The cost of an investment in alternative energy system is a common obstacle to many operators making the move. Competitive interest rate loans for ground-based and roof-mounted systems may contribute to minimising the investment outlay and present a workable solution.
Select Commercial Solar Finance Product to Suit the Business
Asset acquisition credit facilities can be used for the purchase of the equipment involved in a solar installation. Depending on the specifics of the installation, labour costs may also be included. The choice of credit facility for any asset purchase can be critical to achieving ROI and individual objectives.
Businesses can select the facility that best suits their structure and strategy to balance sheet and tax from Leasing, Chattel Mortgage, Rent-to-Own and Commercial Hire Purchase. These products vary in their suitability for businesses using either the accruals or the cash accounting method to prepare their accounts. Variations in other aspects include with the ownership of the equipment being financed over the loan term which then affects balance sheet entries, the way tax deductions are realised and the way GST is treated.
All asset acquisition credit facilities allow for the equipment being financed to be used as the collateral for the loan. End of finance term lump sum payment options are included in all commercial credit products – balloon, residuals, buybacks. Balloons can be effectively structured to deliver a repayment schedule that works with individual cash flow requirements.
Fixed terms and fixed rates are available on all loan products. Providing a fixed repayment schedule and fixed repayment period to meet ROI objectives.
Reduce Solar Equipment Investment with Competitive Rate Financing
A positive return on an investment in a renewable energy installation may be projected to be realised over a long term. To achieve expected targets, businesses will be seeking financing with repayments that will work with projected cash flow over the full term, and terms to suit ROI. While the overall cost of the investment can depend on the cost of the financing and especially the interest rate.
Businesses planning the move to renewables can source competitive commercial solar finance rates on asset acquisition loans through Jade Equipment Finance. Securing the most competitive rates reduces the overall cost of the finance, the monthly repayments, and the total cost of the investment in the new energy system. Providing opportunities to realise a better return.
Asset acquisition credit facilities are secured with a fixed interest rate. Ensuring operators of certainty when planning future investments and expenditure. Certainty that their rate and their repayments won’t change over the repayment term if the Reserve Bank and/or their lender change lending rates.
Systems and Inclusions Financed with Commercial Solar Loans
Renewable energy systems are usually designed and tailored to suit the specific requirements of the business enterprise, their power usage, and their location. Systems can include a range of inclusions such as the roof panels, ground-based facilities, battery storage, monitoring controls, and other equipment. Costs also include design and consultation, installation labour costs, and possibly commissioning and conversion.
What items of the total system can be included in each funding solution may also depend on the specifics of the installation. Where both equipment and labour are provided by the same supplier with costs appearing on the same invoice, the entire investment may be funded with asset acquisition credit products. Where labour, a non-asset expense, is provided separately, an overdraft or business loan may be required to fund the cost.
Our brokers work with individual businesses to tailor a package for both large and small installations, to best suit specific requirements. No deposit financing can be secured for approved applications to deliver a more affordable funding solution. To obtain pre-application loan estimates when quotes for the system are received, use our Equipment Finance Calculator.
How to Secure Workable Commercial Solar Finance Solution
Workable funding to invest in renewable energy systems to reduce emissions and reduce power costs can be secured through Jade Equipment Finance. We work with all sized businesses across all industries, across Australia. Using our expert broker services is accessible to all operators via our online and phone systems. Contact with us is direct, with no referral from a third party required. If it’s time for you to address high power bills with an investment in a renewable energy system, find out how affordable the move could be.
For quotes on affordable commercial solar finance to consider your options, contact Jade Equipment Finance on 1300 000 003.
DISCLAIMER: IF MISINTERPRETATIONS, MISREPRESENTATION OR ERRORS EXIST IN THIS ARTICLE, NO LIABILITY IS ACCEPTED. THE INFORMATION IS PROVIDED ONLY FOR GENERAL PURPOSES AND NOT IN ANY MANNER INTENDED AS THE ONLY SOURCE FOR MAKING FINANCIAL DECISIONS. THOSE THAT CONSIDER THEY REQUIRE ADDITIONAL GUIDANCE OR ADVICE SHOULD REFER TO AN INDEPENDENT FINANCIAL ADVISOR.
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