Investing in renewable energy options like solar panels can significantly reduce long-term operating costs for businesses with high energy demands. However, the substantial initial cost can be a financial barrier despite the improving technology.
Case Overview
- Client Background and Initial Requirement: Our client, a production and distribution company, sought to implement solar power across their operations to achieve significant savings on energy expenses.
- Dealing with Financial Barriers: Financing solar panels is challenging because they are often classified as secondary assets by most lenders. This classification limits the number of lenders willing to finance them and often results in higher interest rates compared to standard commercial asset loans.
- Strategic Solution Implementation: Our commercial consultant began by setting clear expectations with the client regarding rates and pricing to ensure a transparent and smooth process. Leveraging our extensive lender panel, the consultant worked to identify the best financing option available.
Efficient Financing Outcome
By collaborating with a lender experienced in funding secondary assets like solar panels, our consultant secured a $30,000 loan within a reasonable timeframe, meeting the client’s pricing expectations.
Commitment to Customer Satisfaction
At Co-Pilot Finance & Insurance, understanding our clients’ needs and setting realistic expectations from the outset is crucial. Our consultants focus on finding optimal solutions by utilising our wide-ranging lender panel, turning potential obstacles into successful outcomes.
