Dynapower Announces New Financing Program to Accelerate the Adoption of Behind the Meter Energy Storage Nationwide
Dynapower is proud to announce the introduction of our brand new energy storage financing program. We’ve partnered with Lease Corporation of America to bring system integrators and buyers of energy storage systems a financing program that saves money and gets your new equipment up and running as soon as possible.
Our new energy storage financing covers the equipment purchase, installation, commissioning and training costs—up to 1 million dollars—all in one simple lease. Customers are also highly encouraged to take advantage of IRS Section 179 and deduct 100% of the cost of the energy storage equipment in the first year that the equipment is put into service.
Our energy storage financing program packs some big benefits, including:
- Conserves working capital for business owners
- Does not affect business credit
- Simple application and approval process
- Finance equipment purchase, installation, commissioning and training in one lease
- Fixed monthly payments with $1 purchase option at the conclusion of the lease
- $1000s in potential tax savings under IRS Section 179
“Energy storage is an increasingly valuable tool for many commercial and industrial facilities to reduce their power bills, lower their carbon footprint, and provide critical back up power when the utility supplied grid is interrupted,” said Chip Palombini, Dynapower’s Director of Energy Storage.
“Often, the upfront costs of installing a system is an obstacle for businesses wanting to deploy energy storage in a facility. We wanted to eliminate that hurdle so we partnered with LCA to make the financing of energy storage easier for commercial and industrial facility owners.”
Dynapower’s energy storage financing is particularly well-suited for the MPS®-i125 EHV, a 125kW behind-the-meter energy storage system that combines our highly efﬁcient UL 1741 SA certiﬁed MPS®-125 EHV with Li-Ion batteries in a temperature controlled NEMA 3R-rated battery enclosure. This highly compact integrated system can be easily deployed with minimal labor and features Dynapower’s proprietary Dynamic Transfer™, which—in the event of a grid disturbance—seamlessly switches a facility from grid-tied to battery backup power.
“Dynapower has been supplying energy storage for commercial and industrial facilities for over a decade now,” noted Palombini.
“The MPS®-i125 EHV is the latest generation of our behind the meter system. It has been purposely designed to dramatically reduce the cost of deploying energy storage while still providing the same reliability and value rich features that the industry has come to expect from Dynapower.”
A recent study conducted by the National Renewable Energy Lab indicates that roughly 5 million commercial customers across the United States may be able to achieve electricity cost savings—and valuable back-up power—by deploying battery storage to manage peak demand charges.
These charges can account from anywhere between 30 to 70% of a customer’s electricity bill, according to NREL. Additionally, power outages cost US businesses $27 billion a year, according to energy consultancy firm E Source. Many of these outages could be avoided by deploying Dynapower energy storage system(s).
“By offering easy access financing at affordable rates for our customers, Dynapower hopes to accelerate the adoption of energy storage at commercial industrial facilities, saving our customers money and making their operations greener and more reliable in the process,” said Palombini.
About Lease Corporation of America
Founded in 1988, LCA has financed over 88,000 leases in all 50 states and Canada. Located in Troy, Michigan, LCA has helped finance over $1.2 billion of original equipment cost under the guiding principal of “financing you can trust.”