Planet Ark Power > Finance Options > Operating Lease and Service Agreement

Operating Lease and Service Agreement

We offer approved customers with the option of acquiring a Planet Ark Power system under a tax effective operating lease arrangement, which addresses initial capital issues to reduce costs immediately and support sustainability in the long term.

How it works

Planet Ark Power installs a high-quality integrated renewable energy and efficiency system for approved customers at no upfront costs. We then lease the system to the customer over a term of 5 or 7 years. The lease is structured as an operating lease where the customer may be able to claim a tax deduction for the whole of the lease rental payments. Terms are tailored to 5 years with a balloon payment or 7 years, and with a purchase option at the end of the lease. The lease terms chosen focus on ensuring the customer is cash flow positive from year one, taking into account the savings generated by the leased system and the monthly rental payments.

How do you qualify?

  • Must be a taxable Australian business or organisation, operating for a minimum of two years.
  • Must have a power bill of more than $1,000.
  • Must have a roof suitable for a commercial solar power system, typically supporting 20kw or greater.