Why system testing matters for utility solar project financing

By: Rebecca Rogers Chilton, Domain Expert – Renewable Energy, Live Oak Bank More and more, utilities are seeing the advantages of renewables as part of their production mix. This leads to great opportunity–and competition–in the solar space, but first utility developers must secure debt and tax equity financing. System testing is key standard for lenders

What is a solar power purchase agreement?

Power purchase agreements (PPAs) can be a great tool for financing solar projects, especially in the commercial market. Here, we’ve reshared a blog from SunPower to explain some PPA basics.  A solar PPA is one of several ways businesses and public entities can pay for solar. Organizations should weigh the pros and cons of solar

ORIX partners with IGS Solar to expand solar investments

ORIX USA, a division of integrated financial services group ORIX Corporation, announced a partnership with IGS Solar, a turnkey commercial and residential solar provider. Together, ORIX and IGS will develop, acquire and operate a nationwide portfolio of commercial and industrial solar energy generation products across the United States. Committed to growing its renewable energy business

Appraising sunrays: How to value solar on residential rooftops

Sandra Adomatis is on a quest to unite appraisers and installers so solar is properly valued on homes. Adomatis is an appraiser in Punta Gorda, Florida, and is considered an expert in green valuation. She is one of the authors of the SunShot study Selling into the sun: Price premium analysis of a multi-state dataset

HERO program used by more than 3,000 Fresno homeowners

When the Fresno County Board of Supervisors voted to adopt the HERO program, the goal was to help local homeowners make energy and efficiency upgrades that could reduce utility bills and greenhouse gas emissions while creating local clean-energy jobs. Today, it’s clear that the program is working: through the HERO Property Assessed Clean Energy (PACE)

JinkoSolar partners with CleanFund to offer PACE financing

JinkoSolar announced that its wholly owned subsidiary, JinkoSolar (U.S.) Inc., will partner with CleanFund Commercial PACE Capital to offer long-term project financing to US commercial project customers through the SolarPACE program. SolarPACE is designed to maximize solar energy cash flow to commercial and industrial (C&I) property owners. CleanFund fully funds the installation of the system,

Hillsborough County, Florida approves HERO financing for solar and more

The Hillsborough County Commission has approved a measure that will give homeowners access to the HERO Program, the nation’s largest residential Property Assessed Clean Energy (PACE) financing program. HERO financing is scheduled to go live for homeowners in Hillsborough County and in communities across Florida later this year. HERO, which stands for Home Energy Renovation

How do financiers evaluate commercial solar projects?

By Graham Smith, CEO of Open Energy The cost of solar has declined rapidly in recent years. The United States Department of Energy’s SunShot Program, which set out to achieve a utility-scale solar cost of under $1 per watt, has realized its objective three years ahead of schedule, signaling a victory for the industry. With U.S. solar

$130 million commitment from Route 66 Ventures provides Sunlight Financial with more solar financing options

Sunlight Financial, a leading provider of loans for residential solar systems, announced a new partnership with Route 66 Ventures, a private investment firm that makes credit and equity investments in high-growth companies in the financial services sector. Route 66 has committed $130 million to Sunlight. This investment will allow Sunlight to introduce new financing products,

Wunder Capital makes financing available to solar projects up to $1.5 M

Following the launch of its Term Loan product last spring, Wunder Capital is expanding its scope of project types that are eligible for financing. Wunder, a financier in the small to mid-sized commercial solar market, now services loan requests up to $1.5 million (previously capped at $1 million) and offers debt capital to third-party owned systems.