Power Equipment Financing

Equipment Financing for Power Projects

SecondWatt routes financing requests to equipment finance partners that underwrite power generation and electrical distribution assets. Rates start at 5.9% APR, and deal sizes run from under $1M to over $100M. Pre-qualification responses target 24 hours from a completed request. SecondWatt does not lend directly; it structures the request and introduces the buyer to partners whose credit box matches the asset, the capacity, and the schedule.

What Gets Financed

Diesel and natural gas generators, gas turbines, transformers, medium voltage switchgear, UPS systems, and balance-of-plant equipment — new OEM, refurbished, or secondary-market units. Condition tier matters to underwriting: refurbished assets backed by an OEM program are typically treated differently from as-is used equipment. Category detail sits on the generator, gas turbine, transformer, and switchgear hubs.

What the Request Captures

Company and contact details, estimated equipment value, requested financing amount, deal size band, target timeline, and the equipment category. Those fields determine which partners see the request. Nothing is shared with a partner before the buyer confirms the request.

Before You Apply

Size the project first. The Power Intelligence Tool compares five generation technologies on twenty-year cost and time to power, and the Pricing Index gives four-tier price context for the asset being financed. Sourcing assumptions and pricing bands are documented on the methodology page.

How Underwriting Reads a Power Asset

Equipment finance for generation and distribution assets turns on four questions: what the asset is worth on resale, how long it will stay in service, who maintains it, and whether the offtake supports the payment. A gas turbine with documented hot-section history and an OEM service agreement behind it presents very differently from an as-is unit sold with no records. The same logic applies to transformers, where remaining life is inferred from oil analysis and loading history rather than age alone.

Condition tier therefore drives both advance rate and term. New OEM equipment supports the longest terms because the residual is easiest to defend. Gray market units — factory-new inventory released by a cancelled or rescheduled project — usually price close to new but need provenance documentation the lender can verify. Refurbished equipment under an OEM programme sits next, and as-is used equipment last, often at a shorter term and lower advance.

What Slows a Request Down

Incomplete requests are the most common cause of delay. Missing nameplate data, an unstated in-service date, or a financing amount that does not reconcile with the quoted equipment value all force a second round of questions before any partner sees the file. Requests that arrive with capacity, voltage class, condition tier, delivery schedule, and a realistic equipment value move fastest.

Schedule matters as much as price. If the equipment carries a long lead time, the financing structure has to survive the gap between deposit and delivery, and deposits on long-lead orders are treated differently from funding at delivery. Lead-time context by category sits in the equipment marketplace, and interconnection timing — often the binding constraint on when the asset starts earning — is modelled in Shadow Grid.

What SecondWatt Does Not Do

SecondWatt does not lend, does not take a position in the asset, and does not receive placement fees that vary by partner. It structures the request, masks nothing from the buyer, and makes an introduction. Terms are agreed directly between the buyer and the finance partner. Neutrality rules are documented on the methodology page, and partner categories are described on the partner network page.