Three Finance Options

Capital Purchase Agreement (CPA)

• You purchase your customized system which generates “free” renewable energy.
• You have complete control over financing.
• All design and installation costs are included in the price.
• SunDurance obtains necessary permits to ensure proper design and installation.
• You receive any qualifying state and federal energy credits and incentives.
• You earn tax benefits to the extent available, including investment tax credit and depreciation.
• SunDurance can complete all incentive applications as an additional service.
• Operations and maintenance available as an additional service.

Power Purchase Agreement (PPA)

• You pay only for the solar electricity you use, nothing more.
• For the life of the agreement (usually 15–25 years), you pay a price competitive with, and in many cases below, grid cost.
• Contracted solar electricity rate provides a hedge against rising utility costs.
• There is no capital outlay.
• All design, installation and maintenance costs are included.
• SunDurance handles everything — from obtaining permits to design, installation and maintenance.
• SunDurance completes all of the incentive applications.

Customer Lease Agreement (CLA)

• Offers system ownership while avoiding up-front capital commitment.
• Customized lease payments (usually 7 years) designed to generate positive cash flow through energy savings and SREC income.
• You retain the rights to the SRECs for the life of the system.
• Allows the financial partner to utilize the tax incentives (FITC/G and depreciation) and share the benefit with you.
• Three flexible options at the end of the term — purchase the system, extend the lease term or remove the system.
• Operations & maintenance available as an additional service.
• Bank credit approval required.