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Giving That Matters: 5,000 Pounds Packed at the Capital Area Food Bank

Last week, the Sol Systems team volunteered at the Capital Area Food Bank (CAFB), an organization dedicated to providing food to the hungry in the Washington metro area. In just a three-hour period, the team sorted over 5,000 pounds of food into 2,200 bags to feed families in need. The organization distributes over 42 million…

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D.C. Announces New Low-Income Solar Program

While the cost of solar has come down, the initial cost of installation is often too much for low-income residents. In order to ensure that low-income residents benefit from low cost energy, the District Department of Environment (DDOE) released their Solar Advantage Plus program. This program provides rebates to the cities’ low-income residents in order to…

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Fight for Solar Underway in Indiana

Indiana has surfaced as the most recent political battleground aimed at distributed generation (DG) and net metering. House Bill (HB) 1320, despite substantial opposition by environmental groups and industry, will move to the Indiana House of Representatives after clearing the House Utilities, Energy, and Telecommunications Committee last Wednesday. HB 1320 attacks distributed generation by authorizing…

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Sol Systems Participates in National Women in Solar Energy Event on February 24

Sol Systems will sponsor Women in Solar Energy’s #NationWISE, a multi-city round table that aims to elevate the discussion on women in the clean energy workforce. Sol Systems will sponsor both the D.C. and San Francisco events, and Deputy General Counsel Leslie Barkemeyer will speak on the D.C. panel, which will be put on in partnership with…

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February 2015 Solar Project Finance Journal

Below, we have included excerpts from Sol Systems’ February 2015 Solar Project Finance Journal, which is a monthly email newsletter that our project finance 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…

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Will Commercial Offtakers Ever Accept Form Legal Documents?

“We can unlock the potential of the commercial and industrial (C&I) solar market if we only had form legal documents!” says everyone, all the time. If only it were that simple. Rule number one: commercial solar is not residential. The residential sector often utilizes boilerplate offtake agreements. These “take-it or leave-it” form documents are standard,…

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Early Stage Pipeline? Yes, Please.

Traditionally, investors preferred to see a deal after it had reached certain milestones, such as executed site control and/or an electricity offtake agreement. Now, however, financiers such as Sol Systems are more interested in seeing a deal earlier on in the development process, even after some of the initial host discussions. Why the change? We…

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VIDEO: What Will It Take to Get Commercial-scale Solar off the Ground?

The residential solar market is booming, and utility-scale is going strong in the face of a decline in the Investment Tax Credit (ITC). At the same time, much of the commercial-scale solar market has seen relatively flat growth year-over-year. GTM Research expects that 2014 will be the first time in 10 years that residential solar…

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Employee Spotlight: Jason Corum, Junior Web Developer

At Sol Systems, our team is our number one asset, and we are proud to employ some of the brightest talent in the renewable energy industry. This month’s employee spotlight falls on Jason Corum, Junior Web Developer. Jason’s journey to his web development position is a rather unique one. Starting off as a communications professional…

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Maryland SREC Market Marches Closer to Equilibrium in 2014

As we wait for the final 2014 Solar Renewable Energy Credits (SRECs) to mint for the state of Maryland, chances are high that the market will be the closest to equilibrium that it has been in 3 years. Uncertainty around this news centers on how many SRECs the state supported Mt. St. Mary’s solar project…

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Solar Industry Shines in New Solar Jobs Census

The solar industry had a landmark year in 2014, according to the Solar Foundation’s 5th annual National Solar Jobs Census, increasing employment by over 20%. This growth represents the largest one-year increase in the survey’s history. Not only did the solar industry add 26,000 new jobs, it grew 20 times faster than the overall U.S….

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SRECs Accelerate Payback Period through Sol Combo Contract

If 62% of Americans responded to a survey agreeing that they would like to use solar in their homes, why do only about .35% of households in the U.S. have a solar installation? For one, many people understand that a solar installation produces cost savings over time, but the upfront costs of installation can be…

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Sol Systems Takes Aim at Commercial-Scale, Will Deploy $200+ Million in 2015

Sol Systems today announced its plan to deploy over $200 million into the solar asset class, to finance at least 150MW of projects. The year has started with a bang for the firm, which is now deploying over $100 million in capital to finance over 100MW of commercial-scale and small utility projects in the 200kW…

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January 2015 Solar Project Finance Journal

Below, we have included excerpts from Sol Systems’ January 2015 Solar Project Finance Journal, which is a monthly email newsletter that our project finance 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…

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Are Floating PPAs an Idea Worth Floating to Solar Investors?

We are seeing more and more developers structuring deals with floating, instead of fixed, power purchase agreements (PPAs) meaning that the value of the PPA is tied to electricity rates. Developers like to pitch floating PPAs to host customers because they guarantee a certain percentage discount from their utility prices each month. But while the…

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In the Quest to Finance Smaller Commercial Deals, Pipeline is King

Is the solar industry starting to pay more attention to the commercial solar market? From our vantage point, it seems that way, even if just slightly. We are increasingly being approached by developers looking for ways to finance portfolios of smaller projects, as well as standalone sub-1MW deals. Why are developers going smaller than the…

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The Solar Trade Case: A Matter of Cents or Certainty

The Department of Commerce announced that the 31% tariff on some Chinese module manufacturers may be slashed in half. Though the debate continues as to how these fluctuations will affect the growth of solar PV, there has been some near-term uncertainty on price. Some EPCs are holding off on purchasing modules in anticipation of a…

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Why Oil’s Fall Means Little for Solar’s Rise: Part II

In part I of this blog, I discussed the primary drivers of the decline in oil prices. Today, I’ll cover what effect, if any, this may have on solar. PART II:  DO THESE CHANGES IMPACT SOLAR? A.     How Relevant Is Oil To the Electricity Markets Going Forward? If oil prices had fallen thirty years ago,…

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4.4MW Solar Farm Shines as Largest 2014 Managed Growth Project in Massachusetts

4.4MW of solar energy is now operational in Charlton, Massachusetts. The 14,000 panel solar farm is the largest project developed and constructed under the SREC-II program’s 2014 Managed Growth allocation. The farm will produce 5,760,000 kilowatt hours annually, enough electricity to power over 800 homes with clean energy for a year. The project was financed…

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Sol Systems Goes Bi-coastal

After financing 60 projects totaling 85MW in 2014, and commencing deployment of an initial $100 million in capital commitments for 2015, Sol Systems has added five new positions, opened its California office, and expanded the team in the northeast. “Increasingly our developer partners are finding that each time they come back to work with us,…

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