TEQlease leases and finances technology for schools and businesses, including student devices and IT infrastructure. However TEQlease also leases and finances all other equipment, including solar installations, to businesses, schools, governments and non-profits.
Most recently, TEQlease provided solar installation financing for a chain of 5 retirement homes in Southern California. There were 5 separate installations at 5 locations, each with different time lines. The vendor managed all the projects simultaneously while TEQlease provided progress payments based on project milestones and metrics.
Financing for solar installations tend to be structured either as equipment loans or equipment leases. When financed with an equipment loan, the end user customer is generally able to receive significant tax benefits associated with the project. When acquired using an equipment lease, payments will be much lower but generally TEQlease will retain the tax benefits. Always consult your tax advisor for confirmation of the details. Terms tend to be based on 7-10 year amortization, with low competitive rates. TEQlease can also help with vendor progress payments during construction and delivery.
Are you working on a solar installation project for your school or business? Are you considering equipment financing for another project? Contact us and a TEQlease account manager in the education, commercial or government division will work up customized financing options for your project. Email us at info@teqlease.com or call (818) 222-1006.
Since 2000, TEQlease Capital has specialized in providing best-in-class equipment lease financing solutions for businesses, educational institutions and federal, state and local governments, as well as offering equipment manufacturer and vendor finance programs across all industries. TEQlease Capital focuses on providing unparalleled service and on lowering acquisition finance costs, working with customers and equipment vendors through the entire equipment acquisition financing process. For more information, visit https://www.teqlease.com