Selling Solar Projects for cash
With the new Tax Cuts and Jobs Act in place, it has created a new opportunity to sell your solar project. Simply put, your solar facility may be worth more to us than it is to you. Helio Micro Utility is acquiring solar projects and portfolios. You receive all benefits of solar energy without the ownership headaches. And, you can reinvest the cash to take advantage of new tax benefits.
of the solar acquisition expense
Next steps to sell your solar project
Why sell your solar project?
Selling your project for cash and buying the electricity it generates allows you to get the benefit of cheap, clean electricity without tying up cash. You would avoid the time and expense of monitoring, cleaning, maintaining and warranty administration and putting the cash back into your core business, non-profit, or general fund and use it as you please. Many of our customers use the sale proceeds to reinvest in their business and take advantage of the Tax Cuts and Jobs Act's lower rates and "100% expensing" provisions.
How to sell your solar project
Owning or hosting a solar facility- we will pay cash for the facility and sell the electricity it generates back to you for less than the utility rates. Our experienced in-house Asset Management and Operations and Management (O&M) teams will own, operate repair, and clean the solar facility.
Third-party owners- Helio Micro Utility purchases that facility and its existing energy sales agreement, allowing you to reinvest the cash in new projects or use it to pay off investors.
Investors- Helio mU may be interested in buying you out. We can buy out Sponsor Equity and/or Tax Equity investor positions (at the flip or after the ITC holding period). We also selectively acquire solar debt.
What's the catch?
We can't buy every solar project. We also don't want to waste each other's time chasing deals that don't benefit both buyer and seller. To determine whether it may make sense to sell your solar project, please consider the requirements:
- We acquire solar assets and portfolios of assets from 100kW to 10MW in size, interconnected within the United states.
- The must be a long-term energy sales contract in place with the System Host or a qualified third party. This is before purchase.
- We generally require the system Host to provide all property and general liability insurance coverage for everyone's benefit. We will assist with any insurance negotiations and adjust the purchase price or agreement for the cost of that coverage.
- Eligible sellers must be past their 5-year Solar Investment Tax Credit window. Alternatively, any remaining Solar Investment Tax Credit is stranded.
Why Sell Your Solar Project To Helio Micro Utility?
Helio Micro Utility has developed, financed and managed solar projects since 2007. We own and operate hundreds of solar facilities like yours. We have substantial project acquisition experience and can provide all of the transaction documentation. Helio Micro Utility works transparently, collaboratively and flexibly to arrange a deal that works for you.