Program provides 100% financing with payments totaling 85% of the purchase price

MURRIETA, CA - CALIFORNIA, UNITED STATES, September 13, 2016 /EINPresswire.com/ -- Helio Micro Utility, the leading independent energy advisory serving solar developers, EPCs and electrical contractors, is unveiling a ITC-friendly operating lease for commercial and industrial solar projects.

“Our Commercial Solar Lease provides a much needed alternative for financing smaller commercial solar projects sized 10kW to 1MW,” said Tom Millhoff, President of Helio Micro Utility. “We structure a lot of Power Purchase Agreements, but smaller projects can’t support the PPA’s transaction and ownership costs. PACE and other financing forms can be expensive and strand the tax benefits. The Helio Commercial Solar Lease puts a tax equity investor behind a simple operating lease structure to minimize costs and deliver 100% project financing for about 85% of the project’s purchase price. The solar installer gets a fair margin and we can provide a development fee to our project origination partners. Everyone wins.”

Helio Commercial Solar Lease customers benefit from:
• A reduction in the EPC payment price and negative effective interest rates
• Significantly increased cash flows
• Protection from utility price inflation and volatility
• Lower operating expenses and increased property valuation
• Retention of SRECs and the environmental attributes of solar

Lease terms range from 5 to 7 years, and end-of-term residual values may also be financed and depreciated. Eligible solar energy off-takers must be for-profit entities with solid financials. Click here for a sample commercial solar lease schedule of cashflows.

Director of Project Finance Tom Selden expects to launch a similar leasing product for Energy Storage soon. “If the Energy Storage Tax Incentive and Deployment Act passes, our Commercial Storage Lease will be the killer financing app. And even if it doesn’t, we expect to address underwriter concerns and deliver economic financing in high-demand charge territories like Southern California Edison.”

About Helio Micro Utility:
Helio Micro Utility has been advancing solar projects from concept to completion since 2007. Drawing on its own experience developing, delivering, selling and financing thousands of systems as well as owning and operating over 250 solar projects, Helio helps solar developers, EPCs and electrical contractors eliminate risks, avoid development costs, maximize their project’s valuation and attract compelling financing. Helio Micro Utility has been recognized for outstanding innovation in project development and financing by Novogradac and the Center for Sustainable Energy, and is leading the industry in the development and financing of shared community solar and energy storage.

Tom Seldon
HelioPower
951.465.5924
email us here

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