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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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The Moment We’ve Been Waiting For: MA SREC Clearinghouse Auction Results

It’s the moment we’ve all been waiting for. Well, at least for Massachusetts SREC customers. On July 29th, all 2015 Compliance Year SRECs that were deposited into the Massachusetts Department of Energy Resources (DOER) Auction Account on New England Power Pool (NEPOOL) cleared in the first round of the Clearinghouse Auction. Massachusetts is the only…

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On the Rhode Island to Success: Rhode Island Passes Laws to Strengthen Renewable Energy

Early last month, Rhode Island’s Gov. Gina Raimondo signed a package of legislation that will expand renewable energy investments by: Increasing the Renewable Energy Standard (RES) from 14.5% by 2019 to 38.5% by 2035 Opening the market to community distributed generation systems and shared solar facilities Creating a 30MW Virtual Net Metering (VNM) Program for…

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Investing in Community: Schools (Nonprofits) and Solar Energy

Just like any residential or commercial customer, nonprofits must consider many factors before financing a solar project. Unlike homeowners and businesspeople, however, 501(c)3 organizations are tax-exempt and thus cannot directly benefit from the Investment Tax Credit (ITC) like their for-profit counterparts can. The ITC incentivizes taxpayers such that 30 percent of the dollar amount invested…

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FERC Ruling Opens Solar Market Potential to Co-ops and Munis

Access to solar energy has significantly increased as the cost of solar installation has dropped 70 percent within the past decade (2006-2016). Cost declines, when paired with supportive energy policies, have enabled the growth of solar in new markets. One such policy, the Public Utility Regulatory Policies Act of 1978 (PURPA), has been critical for…

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Employee Spotlight: Rebecca Tilbrook

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 nearly sixty 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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Grounded, Growing: Sol Systems Over the Years

Then & Now Sol Systems is deeply rooted in effective teamwork. Co-founders George Ashton (President) and Yuri Horwitz (CEO) started as track teammates in 2001 at their alma mater, William and Mary. After school, their career paths parted ways—George becoming a finance professional and Yuri a clean energy lawyer. Ultimately, George and Yuri re-joined forces…

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SOURCE: The Sol Project Finance Journal, July 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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Property Taxes: Still Taxing

Increases in project costs due to property taxes and/or a developer’s inability to secure a payment in lieu of taxes (PILOT) can make or break the economics of commercial and small utility-scale projects. According to a report written by Sunshot, Meister Consultants, and the North Carolina Solar Center, property taxes can add anywhere from $1/MWh…

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Module Shortage? That’s So 2015.

Oh, how quickly things can change in one year on the solar coaster. After reporting extensively on module shortage rumors throughout 2015, a funny thing has happened: we are now facing a module oversupply. Why? Decreased demand from major rest-of-world markets is creating a glut in supply. GTM Research expects a reduction of 3% –…

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Procurement DE-claration, 2016: SRECDelaware Announces 2016 Procurement Results

The Delaware solar renewable energy credit (SREC) program, SRECDelaware, recently announced the results of its 2016 Procurement. This year, procurement was marked by a higher than anticipated volume of SRECs produced by new systems between 25kW and 2MW in capacity. In response, Delaware’s state utility, Delmarva, decided to buy the resulting 2446 excess SRECs. The…

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Clean Energy Incentive Program Marches Along Despite Clean Power Plan Stay

Despite the “stay” halting implementation of the Clean Power Plan (CPP) earlier this year, rulemaking regarding the national Environmental Protect Agency’s (EPA) Clean Energy Incentive Program (CEIP) continues. The purpose of the CEIP is to encourage early investment in renewable energy (i.e. wind and solar) and other technologies prior to the effective date of the…

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The Run for the Sun 5k Benefiting CALSEIA Is Almost Here

Last month, many of our employees joined in supporting renewable energy by running the CELI Run for Clean Energy 5k – a race sponsored and led by Sol Systems – in Washington, D.C. Next Wednesday, July 13th, we will be heading across the country to San Francisco to step up to another starting line at…

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