Commercial Solar Finance Options

Open Energy Capital Lease

Direct to building owner/occupier, Solar Capital Lease product offering no money down. Application to funding in as little as 10 days.
 

Range $250k - $2m
Term 7 - 10 yrs
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Open Energy Project Loan

Tailored senior secured loans for construction, term, and project refinancing. The Open Energy platform streamlines the due diligence process and reduces transaction fees.

Range $1m - $20m
Term 5 - 20 yrs
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Open Energy Capital Lease

Open Energy is pleased to announce a solar capital lease program for small to medium-sized commercial and industrial property owners, from $250,000 upwards.

This lease requires no money down, offers a fixed monthly payment and a $1.00 buyout at the end of the lease term. All environmental, incentive and tax attributes associated with the project are the direct benefit the Lessee (as applicable* ).

Lease Features

  • Competitive lease rates
  • Fast application process and credit decisions
  • 100% financing with no money down
  • Low transaction costs
  • Simple lease documentation

Lease Terms

  • Term options range from 84-120 months
  • The business enjoys the benefit of depreciation, interest expenses and tax incentives*
  • Leases are treated as loans for booking purposes as they fully amortize over the term of the lease
  • Choose from a variety of payment options to best fit your budget
  • No surprises at the end of the lease; $1.00 buyout.

* Please check with your tax advisor to determine how a capital lease structure, combined with solar project tax incentives may benefit your organization.

What does it cost?

We've simplified the financing process. Get a $250,000 to $2,000,000 solar system financed fast to allow you to build the system with minimal delay.

Total system install costs?

Typically we finance between $250k and $2m but we have the flexibility to offer larger or smaller leases depending on project viability.

For how long?

Lease duration will be between seven and ten years.

Sample Open Energy Capital Lease

Estimate is based on an interest rate of 7.50%. Actual rate may vary.

Lease Amount
Monthly Payment
Annual Payment
Total Lease Fee $1,000

Monthly Payments

per month

Payment Schedule

Lease
{{loanDuration}} Year Annual Payment End of Year Outstanding
Year {{row[0]}} {{row[4]}} {{row[3]}}

Schedule

Lease Amount
Monthly Payment
Annual Payment
Total Fee $1,000

Monthly Repayments

per month

Estimate is based on an interest rate of 7.50%. Actual rate may vary.

Open Energy Non-Recourse Finance

Open Energy provides between $0.5m and $20m in non-recourse debt financing for solar projects. By standardizing documentation, fixing transaction costs and streamlining the financing process, Open Energy rapidly processes your loan application and allows you to quickly tap into the potential of solar power. Compared to traditional lenders, Open Energy’s solution can reduce total transaction fees by approximately 70 percent.

Term Finance

Term Finance

Team Finance

Construction Finance

Team Finance

Project Refinance

Team Finance

Project Bids + Prequalifying

Based on internal data using a $2 million loan

Open Energy
vs.
Typical Business Loan**
100% online and automated. A simple application process is followed by immediate notification on your loan.
Application Requirements
Multi-page loan documents, income statements, tax records and collateral must be provided in hard-copy.
Thirty minutes*
Time to Apply
Weeks
Thirty days *
Time to Loan
Six months to one year
We'll tailor your loan to suit your business
Flexibility
Stringent and inflexible borrowing requirements
Our knowledgeable Open Energy team will assist you at every stage of your application
Customer Service
Call center based customer service team, often outsourced

* Open Energy will initially score your application, and then proceed to due diligence and document submission. Time stated is typical time taken to process loan once documentation is submitted.

** Comparisons based on feedback from existing Open Energy clients. Individual response time or terms with another provider could be different than stated above.

Open Energy's team have more than 20 years combined experience in Wall Street and solar financing.
With Open Energy's innovative, technology-enabled solutions that simplify the financing process, the commercial market will reach its full potential.

Trusted by Industry Owners

Open Energy helps businesses embrace solar energy. We're the industry leader in providing working capital online.

Guy Vanderhaegen Open Energy provided an important service in providing us loan capital in an underserved commercial loan market. The Open Energy project loan enabled us to debt finance a well constructed, operational solar project that provided us with the capital to assist in expanding our existing solar project base.

Guy Vanderhaegen — Managing Partner Origis USA

Carlos Mayer Open Energy provided us with a great loan solution. They are extremely knowledgeable and dedicated to finding effective financing solutions for great projects and are a pleasure to work with. The loan process was smooth and efficient and our loan was funded faster than conventional financing sources. We are pleased to have funded a portfolio of projects with Open Energy and look forward to working with them again in the future.

Guy Vanderhaegen We are very pleased to have received a portfolio loan from Open Energy. They were fast, responsive, and their non-recourse loan was expertly structured, to unlock trapped project cash and enable us to expand our solar business. We look forward to working with Open Energy for our next non-recourse, solar debt financing solution.

Grant Biggar I'm very impressed by the innovative and revolutionary funding model that has been developed by Open Energy and I'm very excited to participate in the first senior loan financing. The high return offered, relative to the risk assumed, is a welcome addition to fixed income investors portfolios in the current low yield environment. I'm sure future offerings from Open Energy will be just as successful.

Grant Biggar — Fin-Tech investor and Advisor

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