Solar energy turns your hotel property into an energy saving profit center.
Sun Light & Power has extensive experience with hotel properties and strong relationships with numerous real estate and mortgage brokers that specialize with hotels in the Los Angeles, San Jose, Berkeley and San Franciso Bay Area. Now you can:
- Hedge against future increases in electricity and gas utility costs so you don’t worry about constant increases.
- Reduce building operating expenses so you devote that money to guest services and guest comforts.
- Provide important environmental benefits to your guests so you can be the top choice for energy and environmentally conscious visitors.
Hotels are eligible for generous tax credits that can significantly reduce the overall cost of the system.
The SBA 504 Green Loan program:
- The total project costs per loan are unlimited!
- Receive up to 90% financing on each project.
- Finance multiple projects.There is no limit to the number of projects that can receive green financing.
- Use up to $5.5 million on the SBA portion of every project.
- Roll renewable equipment costs into your loan to save working capital and expand your business.
What improvements qualify?
- Energy-efficient “green” building improvements including solar electric (PV), improved roofing, energy-efficient windows, doors, and/or building insulation.
- Installation of solar thermal heating or cogeneration systems.
- Installation of high-efficiency HVAC units or improvement of HVAC system with timers or sensors.
- Replacement of lighting with high-efficiency fixtures.
What can be financed?
- Building acquisition
- Land acquisition and ground-up construction
- Renovation and improvements
- Long-term equipment and installation costs
- Professional fees, soft costs for architects, construction documents, etc.
Turn your hotel into an energy profit center! Fill out the form for a complimentary assessment!