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What are the project eligibility requirements?

Wunder prides itself on its ability to offer loans to a wider range of commercial customers than other solar financiers. However, there are a few attributes that a project and its owner must have:

Project Site
The project site must be occupied by a commercial business on a commercially zoned property in the continental United States. Due to their rural locations and higher vacancy risk, Wunder rarely considers loans for agricultural properties.

Borrowing Entity
The borrower should be a legal business entity such as an LLC or Corporation. Alternatively, the borrower can be a non-profit organization. Wunder does not offer loans to individuals, sole proprietorships, or private trusts.

Borrower Financials
The business should be able to show positive and growing year-over-year cash flows sufficient to cover expected debt service. The business should also not have any significant issues with their credit history.

System Ownership
Term Loans are most often used for financing host-owned systems, but they can also be incorporated into other structured financing solutions. In such cases, Wunder does not provide tax equity investments or manage the formation of the ownership vehicle.

Project Economics
Project economics need to support debt financing costs over the course of the loan term. Absent of significant regional rebates, we find this to be true for projects with competitive cost per watt pricing and average electricity costs higher than $0.10/kWh.

Equipment
The project needs to be built with high quality equipment that has industry-standard warranties (25 years at 80% production for panels and 10 years for inverters). Wunder does not consider financing for thin-film, sunshading, or general efficiency upgrades but will consider solar projects with a storage component.


Note: These requirements are most applicable to commercial projects generating power on-site. Applications for financing that fall into the 'community solar' category may be subject to slightly different eligibility requirements. Please contact your Wunder Representative for more information.

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