Cash Sale: Customers have the option of purchasing a renewable energy system directly from Empower to own the project and receive tax credits based on federal and regional incentives.
Onsite and offsite Power Purchase Agreements (PPA): Rather than owning the renewable energy system, with onsite PPAs, the customer purchases electricity produced by the system from Empower over a typical 25 year term.
Operating Lease: Customers can lease the renewable energy system from Empower through fixed monthly financing over a typical term of 7-10 years.
Property Assessed Clean Energy (PACE): A long-term clean energy financing option available in many states allows property owners to take out a loan for the renewable energy system that is repaid via a special assessment on their annual property tax bill.
PACE PPA: Through a combination of PACE and PPA financing, customers can pay Empower for electricity produced by the system through a special assessment on their property tax bill.