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The Heart and Sol Inside and Outside of the Workplace: Sol Team Members Take Action to Solarize D.C. Through Philanthropy

As a solar energy company, Sol Systems truly walks the talk in advancing our clean energy future. Historically, the firm has provided both financial and human capital to support sustainability initiatives. We call this our Heart and Sol. To do our part to ensure a more sustainable future, we launched our Giving That Matters philanthropic…

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The SOL SOURCE, November 2016

The SOL SOURCE is a monthly journal that our team distributes to our network of clients and solar stakeholders. Our newsletter contains energy statistics from current real-life renewables projects, trends, and observations gained through monthly interviews with our team, and it incorporates news from a variety of industry resources. Below, we have included excerpts from the November…

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Fueling the Tax Equity Machine

The extension of the ITC and bonus depreciation continues to drive a strong solar market; however, it also exacerbates the tax equity “bottleneck” experienced by many developers and investors. Looking ahead to 2017, tax equity scarcity will likely grow. In January, we estimated that $10 billion in solar tax equity would be needed annually, on…

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Room in the Breeze: Why Solar Competes for Offsite Renewables

Offsite renewables have certainly been a hot topic in 2016. Last year, corporates procured 3.24GW of wind and solar energy combined. While wind has historically comprised the majority of offsite transactions, comprising nearly 85 percent of announced transactions, GTM Research estimates over 800MW of solar will be procured by corporates in 2016, up 400 percent over…

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Celebrating Maryland Solar with Baltimore Mayor-Elect Catherine Pugh

Earlier this month, Sol Systems hosted an event to celebrate solar energy at the Christ Church Harbor Apartments, home to a 196kW rooftop system financed by Sol Systems with our partners RER Energy Group and WGL. Christ Church is a low-to-moderate income senior living facility located on the Baltimore Harbor. Baltimore Mayor-Elect Catherine Pugh, a…

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It’s Official: D.C.’s 50% RPS Becomes Law

You may have heard talk over the past couple of months about a renewable portfolio standard (RPS) expansion happening in the District of Columbia.  Well, it’s no longer just talk. Back in July, Mayor Bowser signed the initial bill, and it then went to Congress for review. Now, effective as of October 8, B21-0650, the…

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SOURCE: The Sol Project Finance Journal, October 2016

SOURCE is a monthly solar project finance journal that our team distributes to our network of clients and solar stakeholders. Our newsletter contains solar statistics from current real-life solar projects, trends, and observations gained through monthly interviews with our solar project finance team, and it incorporates news from a variety of industry resources. Below, we have included excerpts…

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Developing the Right Choice (of Developer)

The Association for the Advancement of Sustainability in Higher Education (AASHE) reports that 333 campuses in 46 states have now installed solar, and recent analysis from the Governance & Accountability Institute showed that 80 percent of S&P 500 companies now publish sustainability reports. Corporate and institutional procurement of renewable energy sources continue to rise, doubling each year since 2012. As…

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What Comes After North Carolina?

It is no secret that North Carolina has experienced a solar boom in recent years, skyrocketing to the #3 spot nationally in terms of installed capacity. This boom was jumpstarted by a 35% state tax credit and an attractive qualifying facility (QF) rate and contract term. As a result, the Solar Foundation counted nearly 6,000 workers in…

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Ohio’s Renewable Portfolio Standard: It’s Time for a Thaw

Back in 2014, with the infamous, SB 310, Ohio became the first state to freeze its renewable portfolio standard (RPS) and halted requirements for renewable energy at 2014 levels. This means that until the end of 2016, rather than gradually increasing its renewable energy goals, the RPS has been stuck, requiring only 2.5% of energy…

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New Jersey RPS “Pull Forward” Bill Pushes Forward

On Thursday, October 6th, the New Jersey Assembly Telecommunications and Utilities Committee passed and merged bills S-2276 and A-3918 in a 5-2 vote that will “pull forward” the solar carve-out from 3.47 percent to 4.1 percent by 2021. For several years, New Jersey was the poster child for SREC market volatility. In 2012, SRECs tanked…

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Employee Spotlight: Senayt Rahwa

The unique and dedicated team of people who work at Sol Systems have been a key part of our success over the past eight years. With a growing staff of over 60 full-time employees, in offices at Washington, D.C., Philadelphia, and San Francisco, the driven, talented group of industry professionals have created resourceful financing mechanisms…

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SOURCE: The Sol Project Finance Journal, September 2016

SOURCE is a monthly solar project finance journal that our team distributes to our network of clients and solar stakeholders. Our newsletter contains solar statistics from current real-life solar projects, trends, and observations gained through monthly interviews with our solar project finance team, and it incorporates news from a variety of industry resources. Below, we have included excerpts…

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Overheard at Solar Power International: Musings on Solar Technology Trends

Last week marked yet another Solar Power International. We sat down with Joe Song, Senior Director at Sol Systems, to discuss some of the Sol engineering team’s biggest takeaways from this year’s show. Module price declines continue, and they are here to stay. This year at SPI, rumblings of further declines were heard throughout the…

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Should Community Solar Be Marketed to Corporates?

Trends come and go in the solar energy industry. Hot buzz words like storage, YieldCo, securitization, and community solar have dominated industry discussions in recent years. In some cases, hype becomes history; other trends are here to stay. The last year has been abuzz with news of corporate renewables purchases. According to the Rocky Mountain…

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Massachusetts in Transition: SREC II to the New Solar Regime

The Massachusetts solar industry has a long history of hitting caps. Whether it’s for net metering or the SREC market (both SREC I and II), as more solar energy systems have come online in the Commonwealth, current solar policies in place have reached their limits.  And now, it is time for a rethinking to occur….

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New York’s Clean Energy Standard: Cuomo’s Plan Put into Action

On August 1, New York regulators unanimously approved a Clean Energy Standard that requires 50% renewable energy use by 2030, affirming and laying groundwork for Governor Cuomo’s mandate. The New York State Public Service Commission estimates it will reduce greenhouse gas emissions by 80% by 2050. In order to achieve the ambitious goal, the standard’s…

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SOURCE: The Sol Project Finance Journal, August 2016

SOURCE is a monthly solar project finance journal that our team distributes to our network of clients and solar stakeholders. Our newsletter contains solar statistics from current real-life solar projects, trends, and observations gained through monthly interviews with our solar project finance team, and it incorporates news from a variety of industry resources. Below, we have included excerpts…

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50(d): What Does It Mean for the Tax Credit Market?

Last month, we wrote in SOURCE that after years of anticipation, a 50(d) income ruling would soon be released. Sure enough, the Internal Revenue Service (IRS) issued temporary regulations in the Federal Register on July 22. In its issuance, the IRS clarifies its recognition of the income associated with the tax credit for lease pass-through…

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The Storage Story: What’s in Store?

Storage has been no stranger to the energy conversation over the last several years. According to the White House, the United States doubled the installed capacity of energy storage to 500MW in 2015 alone. As the U.S. solar market continues to grow, the industry is beginning to envision a future where solar projects are built…

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