Sol Systems and Dow Solar, a business unit within The Dow Chemical Company, today announced a strategic alliance to provide turnkey solar renewable energy credit (SREC) solutions for DOW POWERHOUSE™ Solar Shingles customers. Dow Solar’s customers can now monetize their SRECs through a streamlined process designed by Sol Systems to improve the financial return on their solar investment.
“We are pleased to offer this additional service for our POWERHOUSE customers,” said Yochai Gafni, Dow Solar’s Market Development Director. “POWERHOUSE is a smart home investment, but managing all of the available incentives can be cumbersome for homeowners. The alliance with Sol Systems will enable our POWERHOUSE Authorized Dealers to act as a one-stop shop for solar roofing and SREC management, which will differentiate them in their markets.”
Sol Systems will provide Dow Solar customers in Maryland, Massachusetts, and Washington, D.C. with the opportunity to lock into SREC contracts. Sol Systems eliminates the administrative burden of monetizing SRECs for its customers and partners by providing access to its proprietary SREC management tool, registering the systems with the necessary state and regulatory bodies, tracking meter readings, and handling all SREC customer service inquiries.
POWERHOUSE Solar Shingles install like traditional roofing shingles but provide solar electricity to power homes. POWERHOUSE is currently available in select U.S. markets through Dow’s Authorized builders and roofing contractors. POWERHOUSE Solar Shingles have won several awards for their innovative design, including recognition as one of TIME magazine’s 50 best inventions.
“Sol Systems is proud to be working with Dow Solar,” said Sol Systems’ CFO, George Ashton. “The combination of Dow’s innovative product with our SREC monetization execution allows customers to make a smart and easy investment in solar.”
Sol Systems is the largest SREC aggregator in the nation and offers a suite of SREC financing solutions to customers in 13 states throughout the Midwest and Mid-Atlantic. In addition to SREC services, Sol Systems provides project financing and structuring expertise to solar developers and renewable energy investors.