Commercial Loan

PV systems can be acquired with the aid of loans. In residential situations, a second mortgage on the house property and borrower’s credit score would be the basis, while in commercial situations, financial position of the borrower and the PV asset would be collateral. In case of Hawaii due to the high electric costs and the prevailing low interest rate, it is worthwhile to explore the option of fully funding a PV system through commercial borrowings. It is estimated acceptable debt service ratios can be achieved due to the savings from the high cost of electricity.