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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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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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