Verogy will help you develop a solar implementation plan that suits your goals of ownership. This falls into two major categories.
Third-Party Ownership – Verogy will plan, develop, build, maintain, and own the solar array while we utilize your rooftop space or open areas from you to host the array. Through a power purchase agreement or solar lease agreement, you will obtain the power generated by the solar array at a rate that is significantly lower than anything offered by local utility companies. This keeps the solar asset off your books and Verogy will receive any tax credits and depreciation. We will be able to maintain the low energy rate throughout the agreement or life of the system. These terms usually are from 20-25 years depending on the location and project.
Direct Ownership – When you finance and own the system yourself, your company retains the solar array as an asset on the balance sheet and is entitled to all tax credits and depreciation deductions for the life of the asset. These benefits reduce the overall cost of building the system. Verogy can build and maintain your system, thereby reducing your risk.