Northern Power Systems, a renewable energy technology company, entered into a lease financing partnership with LFC Capital.

Through the partnership, Northern Power Systems will offer a lease program with 100% financing and no increase of payments during the lease period. According to the U.S. Energy Information Agency, U.S. electricity prices are forecasted to increase every year by at least 2.7% in the next 20-30 years, surpassing the expected rate of inflation.

Northern Power Systems’ primary product, the NPS 100 wind platform, is a in its third generation of technology, optimized for efficiency and proven to be reliable with a fleet of nearly 500 turbines deployed around the globe. It is targeted to medium level power users.

“Over a period of twenty years, the Northern Power solution will save our customers significant amounts on their electricity bill,” said Diego Tebaldi, VP of global business development at Northern Power Systems. “With no upfront equipment costs and a path to full ownership within seven years, the Northern Power offering comes as a turnkey solution including installation, maintenance and servicing to assure maximum value and peace-of-mind. This agreement with LFC gives yet another option for people to go green.”

LFC Capital, with more than $1.5 billion of equipment leasing experience, created The LFC Clean Energy Ownership Program for commercial and industrial companies seeking value from clean energy systems.

“We’re very pleased that Northern Power Systems has selected the LFC program as an effective way to make wind systems affordable for their business customers,” said Stanley S. Fishbein, managing director of LFC Capital.

The LFC program uses a traditional operating lease and purchase options after six and seven years to provide companies with a predictable low-cost of ownership while satisfying tax rules.