Financing Options for PV and Solar Thermal Installations

Glenbarra Energy helps clients with structuring and securing financing for their solar projects.  Opportunities to integrate available grants and incentives are combined with tips, strategies and practical knowledge that will help you secure financing for your projects. 

Roof Lease Program for PV Systems

Roof Leasing for solar energy system installation is a good alternative to purchasing and owning a solar PV system.

How can our Clients turn empty rooftop space into an income?

Glenbarra Energy through its parent company GEMCO has financial investors who are willing to lease client roof space for 20 year terms through an Investment Fund.  Lease payment terms can be based on energy produced by the solar system or for fixed annual amounts regardless of production. GEMCO will be responsible for FIT application submission, the design, construction and maintenance of the System over the contract period. The Fund will pay for and own the system and receive 100% of the annual revenue generated by the system.

Under the Rooftop Lease Program the building owner, as the solar system host, will receive an annual roof lease rent for the system.

Examples of how this would work include:

• GEMCO builds solar system on Host building
• Host receives roof rent during rental period
• Host has option to purchase solar system for agreed upon amount at the end of the Contract term
• Host has option to enter into a new Lease Agreement for an agreed upon term
• Host has option to have the System removed at no cost to them

Example Roof Lease Return based on system size

250kW up to $25,000/yr over contract term; potentially $500,000.

What is the Building Owner’s commitment?

The building owner’s only involvement, as “Host/Landlord” would be to allow for the occasional access to the rooftop for maintenance of the solar energy system.

What are the advantages of a Roof Lease?

By leasing rooftop space, the building owner is guaranteed annual income with no capital investment or maintenance responsibility.

Roof tops with solar PV directly participate in reducing the emission of harmful green house gases.  Accordingly, not only do clients who opt for the roof lease program receive an income, they also contribute to “greening” the environment.

Power Purchase Agreement (PPA) for Solar Thermal Systems

Many customers, especially municipalities and other public institutions are committed to “go green” but lack the financial resources, expertise and/or mandate to become their own “utility company”.  Glenbarra Energy through its sister company Mondial has initiated a program whereby it will own the solar system installed at a client site and sell green energy produced to the customer at a predetermined price.  This fossil fuel offset can stabilize a client’s energy costs, providing a hedge against fluctuating energy prices.

Remote system monitoring enables us to monitor the performance of the equipment and bill only for the energy actually delivered.

Any performance issues are immediately recognized and referred to the installers.

Leasing

Glenbarra Energy is working with a number of leasing companies to provide lease-to-own financing that allows homeowners and businesses who would not other be able to pay the upfront purchase cost to now lease a solar system with an affordable monthly payment plan.

Bank Financing

Low-interest financing for solar projects is available from a number of Canadian financial institutions. Glenbarra Energy is able to provide a preferred referral service to solar clients under programs established with TD Canada Trust, Bank of Montreal and Royal Bank.