Financing Options

Rideau Energy Solutions System Financing General Information

Customers must fill out a standard credit application pending approval. The RE Solution Store will to connect you with a third party leasing company. We are not responsible for the approval or rejection of any credit requests. All requests and subsequent agreements are between the customer and the leasing company.

Financing your new renewable energy system has specific tax advantages when you are engaged in the "Standard Offer Program" or the Feed In Tariff – FIT Program once it gets launched. Please see the following T2125 Tax Form link for more information:

  • T2125 Tax Form This form shows you how to properly write off the finance payments on your income tax.

For more detailed information, please contact Trent Oxman at trent@rideauenergy.ca

Below are typical lease parameters for solar PV, solar air and solar water:

Lease Sizes
• from $2,000 to $35,000

Lease Format
• Capital Lease

Terms Available
• 36 to 96 months

Information Expected
• completed credit application
• personal net worth statement

Advantages of Leasing
• Tax deductible payments (with SOP)
• Up to 100% financing including installation
• Preserves credit lines
• Fixed payment for term of lease
• Fixed purchase option at lease expiry
• Lease renewal up to 5 years at expiry
• Simplified accounting

Conditions
• Maximum term: 8 years
• Maximum cost: $35,000
• Last month payment in advance (security deposit)
• Pre-authorized payment plan
• Copy of SOP and electrical safety permit