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Split Decision: Massachusetts Net Metering Task Force Draws Lines in the Sand.

An amendment to a climate change action bill (S 1973), sponsored by State Senator Ben Downing, has passed in the Massachusetts Senate in favor of raising the state’s net metering caps. Lifting the net metering caps is critical for the Massachusetts solar industry, which now employs over 9,400 solar workers, second only to California in…

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What Can Community Supported Agriculture Teach the Solar Industry?

In 1965, amidst destruction of arable land and the growing use of pesticides in food production, a group of Japanese women invented “tei kei,” a system where consumers supported local farmers on an annual basis in exchange for a share of their crop. In the 1980s and 90s, this idea spread to the United States,…

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Employee Spotlight: Jason Cimpl, Director of Trading

Over the past seven years, Sol Systems has grown from two college friends with a bright idea to an industry leader in solar project finance with offices in San Francisco, D.C., and Philadelphia and nearly 50 full-time employees. We’ve brought some of the industry’s most talented professionals along for the ride, and we want you…

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SOURCE: The Sol Project Finance Journal, July 2015

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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Cheap-o Solar: How Low Can You Really Go?

Austin Energy made waves after announcing 1.295GW of bids from its most recent RFP came in under 4 cents/kWh, even lower than their landmark deal last year with Recurrent Energy at <5 cents/kWh for 150MW. The industry cheered – who needs the ITC when solar pricing has hit rock bottom? If we’re at 4 cents…

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Why Are There So Few Bankable Inverter Manufacturers?

This post was co-authored by Senior Director, Investment Analysis Joe Song. And another one gone, another one gone…We called it. It’s a new ball game for the inverter business. Advanced Energy (AE), the #3 inverter manufacturer in the U.S., recently announced its intention to “wind down” its inverter business. With Satcon’s bankruptcy and SMA announcing…

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Illinois’ Inaugural SREC Procurement: Survey Says?

This past month, Sol Systems participated in the most highly anticipated event of the summer. If you’re thinking, “Jurassic World 3-D,” then you haven’t been following recent developments out of Illinois’ SREC procurement process. The June auction marked the first of three auctions intended to jumpstart Illinois’ solar market. Sol Systems participated as an SREC…

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“Commence Construction” Conjecture for the Solar Investment Tax Credit

No one can predict the future of the solar industry after 2016 – but don’t let that stop you from trying. If a full extension or gradual step-down of the thirty percent investment tax credit (ITC) is out of reach, the next best compromise may be an extension for those projects that are under construction…

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Approaching the Tax Credit Horizon: Where Will Commercial Solar Succeed in 2017?

This post was co-authored by Sol Systems Portfolio Analyst Eric Scheier and originally published by Greentech Media.  Last year, solar installations in the U.S. commercial sector fell by 6 percent. The market is expected to bounce back in 2015, but there are still many challenges in financing and aggregating commercial-scale projects. Sol Systems has focused heavily on financing…

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PJM Capacity Performance: Hochi Juhotchi, or Kagamoosha?

This post was co-written by Senior Director, Project Finance Colin Murchie. From New Jersey to Northeastern North Carolina, a growing number of generators in the PJM region are connecting to the wholesale side of the grid instead of behind the meter. For a sufficiently savvy solar developer, this can offer significant streamlining benefits compared to…

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Is DC’s Sustainable Energy Utility Sustainable?

The District of Columbia City Council is a tried and true champion of renewable energy development. Over the past decade, it has extended and expanded the District’s Renewable Portfolio Standard and solar carve-out, cultivating the strongest SREC market in the country. In 2008, the Council created the DC Sustainable Energy Utility (DCSEU) and the Sustainable…

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Sol Systems’ Summer Intern Spotlight

Here at Sol Systems, we make investments of all kinds. Our number one investment? Young people inspired to embark on a career in the renewable energy industry. This summer, we welcome our interns Olivia Chen, Andrew Dewey, Joseph Kraut, Will Patterson, Jeffrey Popkin, Jacob Sandry, and Louis “Cuffie” Winkler. Olivia Chen joins Sol Systems this…

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Can We Handle the Truth? What Can an A/B Split Tell Us about North Carolina’s House Bill 332?

CAUTION:  If you adhere to the adage, “Don’t ask a question you don’t know the answer to,” read on at your own risk. Our state and local governments are challenged every day with the demands of delivering public services efficiently while making public investments necessary for long-term, lucrative economic development. In an ideal world, objective…

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Working at Sol Systems: the Team Shapes the Culture

Corporate culture is too important to leave to chance. At the same time, it must be authentic.  At Sol Systems, the team shapes our culture through shared purpose and values. That’s why rather than explain our corporate culture, how it makes Sol successful and a great place to work, we let the team speak for…

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Sol Systems to Sponsor Intersolar Women In Solar Energy Breakfast

Sol Systems will sponsor the Women in Solar Energy (WISE) Intersolar Breakfast, which will take place on Tuesday, July 14 at the Intercontinental Hotel in San Francisco.  WISE is the solar industry’s only 501(c)3 non-profit membership association dedicated to the advancement of women in the solar energy industry. During the breakfast, which is included in…

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SOURCE: The Sol Project Finance Journal, June 2015

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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Always Be Closing…Efficiently

Standardization and efficiency are the “it” topics in commercial and small utility-scale solar, where high transaction costs for one-off, relatively smaller deals has stifled the market’s potential. We’ve previously covered ways to achieve standardization through legal documents, but what about more standardized and efficient processes? One way that we are introducing efficiency to the sector…

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Ripe and Riddled: Is Commercial Really “the next big, emerging, growing sector” in Solar?

Commercial-scale solar is the new media darling these days. Industry and mainstream news media have reported projections of a sector “ready to rebound” and “cleared for take-off.” Some outlets have quoted industry executives saying things like “our next big growth area” and “this investment reflects growing optimism about the C&I sector.” Glowing optimism about commercial-scale…

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The Almost There Markets: Just Give ‘Em Some Time

Earlier this year, we reported on the recent legalization of third-party financing in several states. However, PPA authorization does not guarantee that a market will be suitable for third party financed commercial deals. Enter what we are calling the Almost There Markets. In these Almost There Markets, PPAs are technically possible, but other factors make…

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Sink or Swim in Rhode Island: Another Year of Renewable Procurement in the Ocean State

Starting on June 15th, 2015, National Grid will once again be accepting applications for the latest version of the RE Growth Program in Rhode Island. National Grid initially launched the RE Growth program in June 2011, with a goal of reaching 40MW of renewable energy procurement in Rhode Island by the end of 2014. The…

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