To Own or Lease Solar: Understanding Commercial Retailers' Decisions to Use Alternative Financing Models
This report examines the tradeoffs among financing methods for businesses installing onsite photovoltaics (PV). We present case studies of PV financing strategies used by two large commercial retailers that have deployed substantial U.S. PV capacity: IKEA, which owns its PV, and Staples, which purchases power generated from onsite PV systems through power purchase agreements (PPAs). We also analyze the financial considerations that influence any company's choice of PV financing strategy. Our goal in this report is to clarify the financial and institutional costs and benefits of financing strategies and to inform other companies that are considering launching or expanding similar PV programs.
- Publication Date:
- OSTI Identifier:
- Report Number(s):
- DOE Contract Number:
- Resource Type:
- Technical Report
- Research Org:
- National Renewable Energy Lab. (NREL), Golden, CO (United States)
- Sponsoring Org:
- USDOE Office of Energy Efficiency and Renewable Energy Solar Energy Technologies Office
- Country of Publication:
- United States
- 14 SOLAR ENERGY; 29 ENERGY PLANNING, POLICY AND ECONOMY; LEASES; FINANCING; TRIPHENYLPHOSPHINE OXIDE; ENERGY ANALYSIS LEASE; PPA; LCOE; FINANCING; TPO; THIRD-PARTY OWNERSHIP; SELF-OWNERSHIP; PV; COMMERCIAL PV; DISTRIBUTED PV; Energy Analysis; Solar Energy - Photovoltaics
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