At Suncatcher Energy, we are always seeking, creating, and developing new ways to finance your solar power system while still providing you with positive cash flow as close to day one as possible. Based in Salt Lake County, UT, our company’s ultimate goal is to help customers nationwide save money while helping to protect the environment. From commercial solar panels to residential solutions, we will work with you to determine the right products and financing to meet your needs.
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Available Financing Programs
USDA REAP Grant
The US Department of Agriculture provides grants and loans to farmers nationwide and businesses located in towns of less than 50,000 people. The grant is for 25% of the cost of the renewable energy power system, and the loan can be for up to 75% of the system cost.
We have applied for and have earned these grants and loans for companies in Utah. We know how to fill out the application and can help your company obtain a high score at no cost.
Rocky Mountain Power (RMP) Blue Sky Program
This award is available thanks to the generosity of RMP subscribers, who contribute to a fund which RMP uses to help companies switch to renewable energy alternatives. This grant can cover up to 100% of the system cost, but generally covers around 50% to 75%.
We have worked with nonprofits and other organizations in applying for this award and are more than happy to work with your organization at no cost.
State of Utah C-PACE Program
Commercial Property Assessed Clean Energy (C-PACE) and the State of Utah offer this financing program to encourage renewable energy alternatives nationwide. One big advantage is that this loan is tied to the building, not the owner or tenant. It does not use personal credit and has low rates with terms up to 30 years. We have worked with the State since the C-PACE program inception in Utah and understand it very well.
Homeowners: 18-Month or No Interest Loans
When you decide to install a rooftop solar system on your home, financing is a major issue as the overall cost can be very expensive. We can provide an immediate loan from Dividend Financial, which includes no payments or interest for 18 months. This can give you and us time to work together and find viable long-term financing that is closer to your current power bill.
PPA/Lease Buyout Program
Are you looking to lower your energy costs and reduce your commercial power bill? Suncatcher Energy offers commercial clients the energy savings they deserve through our Power Purchase Agreement (PPA). This has become our flagship financial program. Available for commercial customers only, this program will save you money every month, guaranteed.
What is a Power Purchase Agreement (PPA)?
PPAs are quite common across the United States, but what sets ours apart is the short length of time between product installation and you owning the system. We offer our client a 30% lower monthly payment, three possible buyout options, and a 72 month (6 years) contract length, the minimum required by the IRS for this type of program.
What are the advantages of Suncatcher Energy’s PPA
|Your monthly energy costs will decrease by 30%||After 72 months (six years) you can purchase your system||We offer three possible buyout options|
With our PPA, you make a fixed monthly payment to us equal to 30% less than your current average annual power bill during the last 12 months. After 72 months (6 years), the entire system can be turned over to you based on an option selected at contract discussion. All warranties and guarantees would remain in place and your payback is incredible — the system and warranties are for 25 years.
- We will install a solar power system on your facility at no cost to you.
- We will calculate your average monthly power bill over the last 12 months. Each month, you will pay us 70% of that amount for your power.
- This program does not create a tax liability for your business. It is our objective to make it as easy and workable as possible for everyone involved.
- If you get batteries, which eliminate “demand” charges, you could also use the stored power for most of your nighttime, power outages and disaster recovery.
- After 6 years, you can purchase the system at fair market value or at a predetermined price, whichever is less.
- After 10 years, you can purchase the system at fair market value or at a lower predetermined price, whichever is less.
- After 14 years, you can purchase the system for $1.