Leasing with Polaris
In an effort to help our dealers and potential customers, Polaris is offering offering financing for all wind turbine projects. Financing covers the total installed cost of the unit, minus any federal or state grant money.
Benefits of Leasing
- Asset Management
An equipment lease provides the use of equipment for specific periods of time at fixed payments. The lessor assumes and manages the risk of equipment ownership. At the end of the lease, the lessor is responsible for the disposition of the asset.
- Balance Sheet Management
Because an operating lease is not considered a long-term debt or liability, it does not appear as debt on your financial statement, thus making you more attractive to traditional lenders.
- Customized Solutions
A variety of leasing products are available, allowing you to tailor a program to fit your month-to-month or year-to-year cash flow needs.
- Flexible End Of Term Options
There are several options for disposing of equipment after the lease term ends including returning the equipment, renewing the lease or purchasing the equipment.
As your business grows and your needs change, you can add or upgrade at any point during the lease term through add-on or master leases.
- Immediate Write-Off
Lease payments are treated as expenses on a company’s balance sheet, therefore, equipment does not have to be depreciated over five to seven years.
- Improved Cash Forecasting
By leasing equipment you know the amount and number of lease payments over the life of the leasing period, so you can accurately forecast cash requirements for your equipment.
- Tax Benefits
The IRS does not consider an operating lease to be a purchase, but rather a tax-deductible overhead expense. Therefore, you can deduct the equipment lease payments from your corporate income.