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SOURCE: The Sol Project Finance Journal, February 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…

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A Tough Nut to Crack: Are Investors Still Rushing into Commercial & Industrial Solar?

In the years leading up to the assumed step-down of the solar investment tax credit (ITC), a flood of investors began looking at the commercial and industrial (C&I) solar market. Why? Relatively smaller projects would be easier to place in service by a December 31, 2016 deadline and typically provided for higher returns than utility…

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Does Bonus Depreciation Matter? Yes and No.

The December 2015 omnibus bill extended 50% bonus depreciation through 2017, declining to 40% in 2018, and then 30% in 2019. As a result, some developers are expecting better pricing for their solar deals. But how much does bonus depreciation really impact an individual solar deal? Unfortunately for developers, the answer may be less than…

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How Does the ITC Extension Affect SREC Pricing?

On December 18, 2015, the solar industry scored a landmark victory by winning a multi-year extension of the solar investment tax credit (ITC). The three-year 30% ITC extension – plus the subsequent 2-year ramp down – will provide the solar industry with a strong, stable investment climate for years to come. Analysts estimate that solar…

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Net Metering: The Class of 2015

The solar energy industry ended 2015 on a high note with the approval of the Clean Power Plan, the successful international climate agreement at COP 21, and the extension of the solar investment tax credit (ITC). However, alongside federal policy, state policies can make or break solar energy. In particular, net metering is a policy…

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How Real is the MA SREC II Crunch?

You’ve all heard about the rush for allocations in the Massachusetts SREC-II market.  The outstanding question is just how real the project queue is. We feel there are two categories of projects likely to churn out of the program, creating an initial source of massive churn in the next few weeks and an ongoing source…

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Massachusetts SREC Program is Hitting its Cap…Again

In case you haven’t heard, the Massachusetts SREC-II program is a mere 22MW away from reaching its cap. You may be asking yourselves what happened. So were we… until we did some digging. Here’s how it happened: On Tuesday, January 5th, the Massachusetts Department of Energy Resources (DOER) announced that 120MW would be set aside…

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Employee Spotlight: Jessica Robbins

At Sol Systems, our team is our most valuable asset. Their dedication and passion for bringing creative financing solutions to the solar industry are essential to our company’s success. We are proud to employ some of the brightest talent in the renewable energy sector. This month, we sat down with Jessica Robbins, a Senior Associate on…

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SOURCE: The Sol Project Finance Journal, January 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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No Sleep ‘Til…? After ITC, State Battles Take Forefront

In case you have been living in a cave or took a long holiday vacation off-grid (even then, wouldn’t you have heard?), the solar industry landed another three years of ITC at 30%, then 26% in 2020, 22% in 2021, and a permanent 10% for commercial and utility thereafter. As we breathe a sigh of…

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3 Immediate Effects of the ITC Extension on the U.S. Solar Landscape

On December 18th, the U.S. House and Senate passed the Consolidated Appropriations Act of 2016, which included a multi-year extension of the solar investment tax credit (ITC). Now that we have another 5 years of ITC, here are three basics effects the extension will have on the U.S. solar landscape. 1)      More [expensive] tax equity…

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2016: Rush Hour is Over, But…

Q4 is always the most intense part of the year for the solar industry, as developers and EPCs rush to complete year-end deadlines. This Q4 was no different. In fact, it was even more so. Financiers all rushed to close 2015 deals. Developers rushed to lock in 2016 pipeline. MUSH hosts were rushing to issue RFPs…

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The Heart of Sol: Holiday Giving

Not only is Washington, D.C. home to Sol Systems’ headquarters, and capital of one of the richest countries in the world , it is a city where 18.8% of its residents live below the national poverty line (USDA, 2013). The District also has our nation’s sixth highest rate for child food insecurity, a key trigger in…

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SOURCE: The Sol Project Finance Journal, December 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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Our Most-Read Articles of 2015

Since 2012, SOURCE: The Sol Project Finance Journal, has been providing you with real-life trends in solar finance and development. All articles in SOURCE are written after close consultation with our origination and investment teams on what they are seeing in the market. Additionally, we work to identify issues the industry should address to achieve…

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New Utility-Scale Markets Are Opening. Will It Last?

We’re increasingly seeing larger and larger projects and portfolios coming in with extremely low PPA rates, sometimes as low as 4 – 5 cents/kWh. Why? Or better yet, how? As costs have come down – both on the soft costs and also hard with falling technology prices – more markets have opened up for utility-scale…

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Net Metering Round-up: Caps Hit in Key 2017 Markets

Net metering caps are being hit across the Northeast and California. The problem? In a post-ITC world, these [now uncertain] markets are expected to be the most robust for commercial and industrial (C&I) solar (visualize it at Raceto2017.com). In late November, the Massachusetts State House and Senate failed to come to an agreement on legislation…

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Sol Systems COO Stephanie Smith Recognized with Female Executive Award

We know that Sol’s Stephanie Smith is great, but it’s still nice to get a plaque confirming it. The 2015 Stevie Awards for Women in Business were announced last month, and Sol Systems COO Stephanie Smith won a Gold Stevie Award for Female Executive of the Year. The Stevie Awards for Women in Business are…

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Sol CEO Yuri Horwitz Elected to SEIA Board of Directors

Sol Systems CEO Yuri Horwitz has been elected to the Board of Directors for the national Solar Energy Industries Association (SEIA). The election results were announced last week following a vote by SEIA’s membership at-large at its board meeting in Austin, TX. “Solar is now the fastest-growing source of energy in the United States, and…

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Who Will Weather the Solar Finance Storm?

Semper Paratus ad Expensis It has been a stormy few weeks in the solar industry; stock market volatility has not been kind to some of the major sources of project finance. The beginnings of some uncertainty started at the end of October, and right now, we are hearing from individual developers that some of their…

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