InterviewSolution
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Is There A Way To Lease Or Finance A Wind Turbine? |
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Answer» Yes, some banks, such as Frost Bank, have a LEASING program where one can contract to "lease" a turbine for a period of 5 years and at the end of the lease period the turbine belongs to the client. Other banks will lend on wind turbines for a real estate project, on a 5 yea rballoon loan based upon 15 or 20 year amortization. SINCE most wind turbines can produce enough electrical savings to pay for themselves,they often will "amortize" or pay off the loan in 5 to 7 years.(Sooner in high wind areas) Yes, some banks, such as Frost Bank, have a leasing program where one can contract to "lease" a turbine for a period of 5 years and at the end of the lease period the turbine belongs to the client. Other banks will lend on wind turbines for a real estate project, on a 5 yea rballoon loan based upon 15 or 20 year amortization. Since most wind turbines can produce enough electrical savings to pay for themselves,they often will "amortize" or pay off the loan in 5 to 7 years.(Sooner in high wind areas) |
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