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Solar Financing

Solar power financing for a brighter tomorrow!

Commercial solar projects can be daunting, but our specialized lenders can shed light on financing your project. 

We focus our energy on structuring scalable deals to serve both single and multi-site projects across the United States. 

As the solar industry continues to evolve, so do we. Our experienced lenders find opportunities to access capital when others may fail. As your lending partner we harness the power of fixed rate equipment financing, nationwide loans and personalized service. We understand the risks and rewards of Renewable Energy financing and we’ll help navigate you through the process.

We’re ready to deliver projects just like yours to completion. 

Take advantage of fixed or variable rate options through the USDA REAP program.

  • Longer terms for cash flow enhancement
  • Limited financial covenants
  • Streamlined underwriting and closing process

Plus, with First Bank of the Lake you’ll enjoy:

  • Expert support and advice
  • Quick Response
  • Flexible Options
  • Experienced Underwriters

From start to finish, we’re here for you!

You’ll have the support of a nationwide lender with an experienced underwriting and closing team. We’re ready to guide you through each transaction.
  • Deal Dynamics & Structuring
  • Due Diligence Process
  • Industry Insights

First Bank of the Lake provides the capital our clients need to succeed.

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How may the funds be used?

Funds may be used for renewable energy systems, such as:
  • Biomass (for example: biodiesel and ethanol, anaerobic digesters, and solid fuels)
  • Geothermal for electric generation or direct use
  • Hydropower below 30 megawatts
  • Hydrogen
  • Small and large wind generation
  • Small and large solar generation
  • Ocean (tidal, current, thermal) generation
Funds may also be used for the purchase, installation and construction of energy efficiency improvements, such as:
  • High efficiency heating, ventilation and air conditioning systems (HVAC)
  • Insulation
  • Lighting
  • Cooling or refrigeration units
  • Doors and windows
  • Electric, solar or gravity pumps for sprinkler pivots
  • Switching from a diesel to electric irrigation motor
  • Replacement of energy-inefficient equipment

Ideas can grow into a thriving company, expand into new markets, and take your business to the next level of success. 

Talk to us about your business and where you want to go. We can help you get there. Find out what it’s like to work with a bank who puts you first.

 

All loans are subject to credit approval. Restrictions and limitations may apply. First Bank of the Lake does not provide tax, legal or investment advice. All decisions concerning these matters should be made in conjunction with your professional advisors.
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Let us guide your financing to help build rural America together.

Our team is well-versed in USDA financing solutions!  Let's talk.