Please note: Our
San Francisco branch is temporarily closed due to flooding. We apologize for
any inconvenience. The SF branch ATM remains operational. You may also visit
our closest branch in Palo Alto at 490 California Ave. or do your banking
through Tech CU’s Virtual Branch by clicking on the "Make an Appointment" button below. Tech CU’s Online Banking and Mobile Banking app are also
available and all our ATMs are operational. If you have any questions, please
don’t hesitate to reach out to us at (800) 553-0880.
If you don’t have enough taxable income to use the incentives,
we provide a lease financing option(link this to the new page we’ll create
below for leasing).
In a lease, the system is acquired by an investor who can
use the incentives. The investor passes
the value of the incentives though to you in the form of lower payments and you
acquire the system at the end of the lease.
These tax incentives are available only to for-profit
companies. Non-profits and government
entities don’t qualify, but solar can be financially attractive even without
If your business doesn’t have enough federal taxable income
to use the solar tax incentives currently, a solar lease is your best option.
Many businesses don’t have enough taxable income to take advantage of the solar
tax incentives. Some are pass-through entities and can’t use the incentives
because the company doesn’t pay taxes. Others are taxed as corporations but
have substantial depreciation or loss-carry forwards which limits their taxable
With a solar lease, we own the system and pass the value of
the solar tax incentives through to you in the form of lower payments. A lease requires no cash investment and the
system usually generates positive cash flow over the lease term because utility
bill savings are greater than the lease payments.
We provide lease financing for systems from $100,000 to $3
million and offer lease terms from five to ten years.
At the end of the lease, you exercise an option to buy the
system – typically for 20% to 30% of its original price.
Because of the size of the tax incentives, your total lease
payments, including the purchase of the system at the end of the lease, is
actually less than the system price.
If you are a business that is considering a leasing option
for solar, contact us and we will help you structure a loan or lease that works