Access the capital you need for your next solar project.
End-to-end loans in under thirty days.
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“Education” is a term that continually comes up in conversations surrounding how to bring more capital to the non-residential solar sector. We’ve put together a primer on the non-residential solar opportunity for any investors new to solar.
Read Solar 101: A Guide to the Non-Residential Solar Investment Opportunity and tell us what you think.
Fast + Direct Online Solar Financing
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
Construction Finance
Project Refinance
Project Bids + Prequalifying
† Based on internal data using a $2 million loan
* 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.
What does it cost?
We've simplified the lending process. Get approved from $500,000 to $20,000,000 and get your investment up and running quickly and efficiently.
How much do you need?
Typically we lend between $500k and $20m but we have the flexibility to offer larger or smaller loans depending on project viability.
For how long?
Most loans will be between five and twenty years, and should be completed within the period covered by any PPA.
Sample Open Energy Loan
Estimate is based on a typical fee of 1.95% and an interest rate of 6.5%. Actual rates may vary.
| Loan Amount | |
| Total Loan Fee | |
| Total Interest | |
| Total |
Quarterly Repayments
per quarter
Payment Schedule
Our simple payment process means you'll be able to clearly predict your repyament. Repayments are typically made quarterly to Open Energy.
| Loan | |||
| {{loanDuration}} Year Term | Principal Repayment | Interest Repayment | Outstanding |
|---|---|---|---|
| Year {{row[0]}} | {{row[1]}} | {{row[2]}} | {{row[3]}} |
Schedule
| Loan Amount | |
| Total Loan Fee | |
| Total Interest | |
| Total |
Quarterly Repayments
per quarter
Estimate is based on a typical fee of 1.95% and an interest rate of 6.5%. Actual rates may vary.
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.
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.
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.
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.
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.
Open Energy Online
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