No, the Capital Lease requires no money down.
Yes, there is a $1,000 administration fee, paid after the lease is funded
Yes, minimum is $200k and maximum is $2 Million.
Please see the minimum and maximum funds above. This generally translates to a 100 kW - 1MW DC system.
Up to 10 years
The buyout is $1.00.
No, the lessee must be a corporate entity.
Our capital lease product requires that the Lessee be able to take the tax benefits and monetize any other incentives.
The Lessee must own the system and property or have a long term (10 year +) lease for the building and property.
There are a few stages of the application. Please see the Borrower tab for an illustrative chart. Once we have received all information from the Lessee, the application can be approved in as little as 10 days.
No, but construction finance is available if required. Please ask us about it.
If you are applying for construction finance, the Lessee will receive the money once certain construction milestones are reached. If you do not need construction finance, the Lessee will receive the funds once the system is built and final paperwork is provided.
Yes. There is a fee to payoff the lease early. The details can be seen in your indicative quote.
Yes, within the first 18 months.
If you have any other questions, please call the Open Energy team at 917-410-7282. We’re here to help.