As the world goes green, households and industries are gradually finding the relevance of solar energy. It’s convenient, clean and affordable. The only backdrop is that solar infrastructure is expensive. However, there should be relief in that financial institutions can provide solar equipment financing to bankroll your project.
Look for a financial institution with a diverse lending portfolio that offers financing for agricultural, residential, retail, industrial and governmental development. This is a good indication that your chosen financier has flexible terms.
Repayment Terms and Conditions
Some institutions offer financing in the form of a lease, i.e rent to buy. Others prescribe to either fixed or flexible rate terms. Then you get the occasional financier who allows debt restructuring as an option in times of adversity. Tread carefully and make a decision that corresponds to your current and future earning capacity.