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Equipment Financing & Capital Lease
Private capital — equipment finance lenders, banks, captive lessorsSee programDeadline: Rolling — private financing, fast approval.
Private (non-government) financing where the energy equipment itself is collateral — the fastest path for smaller projects (LED lighting, EV chargers, battery storage, HVAC). Two structures: a capital lease / Equipment Finance Agreement ($1 buyout) where the client owns the asset and claims depreciation + tax credit; or an operating/FMV lease where the lessor retains ownership and the tax benefits. The lease structure decides who captures the 48E ITC / 30C credit + 100% bonus depreciation (restored under OBBBA) — capital lease keeps it with the client, operating lease keeps it with the lessor (who should price the savings into the rate). Confirm which structure a quote assumes before modeling client ROI.
Program details
- Agency
- Private capital — equipment finance lenders, banks, captive lessors
- Level
- Private
- Category
- Private Equipment Finance / Lease
- Eligibility
- Established business with acceptable credit; soft-collateralized by the equipment. Best for project sizes where C-PACE closing costs are not justified (generally sub-$250K).
- Funding Amount
- Sized to equipment cost; typically used for projects under ~$250K. Terms 3-7 years, equipment as collateral. Capital lease / $1-buyout (client owns, keeps tax benefits) vs operating/FMV lease (lessor owns, keeps tax benefits).
- Deadline
- Rolling — private financing, fast approval.
- Status
- open
- Project Types
- lighting_led, ev_charging, storage, hvac
- Client Types
- commercial, industrial, small_business
- Notes
- Capital-vs-operating lease tax-ownership decision is the #1 lease-vs-buy modeling error. Pairs with: 48E/30C + bonus depreciation (capital lease), ComEd DG Storage / Smart Ideas rebates (reduce financed principal), SBA 7(a) for larger bundles.
Source: Grantya research. Confirm current terms with the administering agency before applying.