COMMERCIAL SOLAR LOANS
Where Do You Go For Solar Panel Financing?
Unicorn Solar works with several financial institutions to help finance our customers’ commercial, utility, and residential projects. We have worked with several financial institutions to present our customer’s projects to get funding. We have learned that our customers often require capital to grow their business, so Unicorn decided to find a few experienced finance teams with whom we can help provide growth opportunities. We hope the following information increases your specific value propositions:
Developers/EPCs receive 100% of the loan at NTP. This ensures EPCs are paid and don’t have to wait on benchmark payments. Loans are aligned with the PPA term length. Our lenders can lend against the value of the project’s valuation, not the company owning or building it. This is why some lenders lend 100% upfront. It is a one-time loan, paid at closing.
When COD is reached, the construction loan is converted to a permanent loan without the extra paperwork required. Paperwork is completed at the loan’s origination. Most importantly, we can provide “tax equity” and the whole capital stack if requested. The tax equity is applied towards the loan repayment; thus, the project and equity are enhanced by 35% at COD. This gives the owner equity, higher bonding capacity, and increased portfolio valuation.
We help Developers/EPCs to stay in their projects instead of selling them before NTP, which means their returns can be 4X over their investments. Now, we can avoid selling off to aggregators early in development. Once one loan is developed, the rest will be automated, cutting time off in the application process. Then, submit and approve, and funds are transferred.
