Two Virginia companies have combined forces to offer businesses a cheaper path to use solar energy.
Virginia Community Capital, which has a Christiansburg office, partnered with Waynesboro solar provider Sigora Solar to provide financing for solar power assets. They will use a loan program to provide an initial rate of 2 percent, which is below traditional interest rates for installing solar equipment.
“As renewable energy options have grown for individuals and businesses, the concept of financing this promising technology has been a chief concern for the entire industry, as many traditional financing options do not include solar panels for businesses,” Logan Landry, CEO of Sigora Solar, said in a news release. “With this new low-cost program, Virginia’s small businesses have the opportunity to access solar energy and achieve a greater return on investment with a quicker turnaround.”