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What Game Theory Can Tell Us about Middle Market, C&I Solar

The decisions made along the path of solar project finance and development have major implications for the growth –or stagnation—of the commercial and industrial solar market.  How does a developer choose the right financier for their project, or an investor decide to interact during contract negotiations? Together, what impacts do these decisions have on the…

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Heart and Sol: Giving That Matters

Talk with anyone on the Sol Systems team, and you’ll get a glimpse into how our genuine culture and values shape how we work and give. From day one, co-founders Yuri Horwitz and George Ashton built Sol Systems on the belief that success is defined by how we add value to society. Yuri and George have worked…

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November 2014 Project Finance Journal

Below, we have included excerpts from Sol Systems’ November 2014 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,…

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Extra Credit for Getting C&I Credit Right

Unlike residential, which has standardized credit scores, or utility-scale, which generally has utility off-takers, commercial and industrial (C&I) credit is incredibly complex – and can often be a deal breaker in middle market deals (which we generally categorize as 200kW – 5MW). Why is credit such a deal breaker in C&I as opposed to other market…

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Just Say No: When to Walk Away from a Solar Deal

Solar developers and investors alike often ask us the same question: what is the secret to making middle market solar projects work? Often, the key is knowing when to walk away before the transaction costs become too much to bear. In other words, a project can seldom overcome serious obstacles facing two or more critical financeability…

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The Road to Interconnection May Be Rocky

Uncertainty in interconnection timelines is nothing new, but it nonetheless remains an issue in a number of solar markets. When looking to complete projects within an investor’s target commercial operation date (COD), often the biggest unknown is how long it will take the utility to enable a successful interconnection, which may include utility provide equipment, testing…

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Sol Systems Speaks at Minnesota Solar Conference

Several members of the Sol Systems project finance team attended the Midwest Gateway to Solar conference, hosted by the Minnesota chapter of SEIA, on November 4th and 5th. On Tuesday, Sol Director of Project Finance, Ben Margolis spoke among other subject matter experts on Developing Solar Finance for Minnesota. The Sol Systems team is actively reviewing…

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Solar Powered Brew Pocket Reference – New Solar Diligence Resources in Your Pocket

As the industry moves to increasing standardization of solar as an asset class, one trend is clear: streamlined due diligence is a necessity at every stage in a project’s development. Automating the due diligence process is probably impossible, and for the foreseeable future, real underwriting work on complex solar transactions should be left in the…

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Employee Spotlight: Chris LaClair, Senior Developer

At Sol Systems, our team is our number one asset. Their dedication and passion for bringing creative financing solutions to the solar industry are essential to our company’s success. Our company has experienced a lot of recent growth, and we are proud to employ some of the brightest talent in the renewable energy industry. In this…

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Hiring Surge at Sol Systems Starts with Michael Woods, General Counsel

New Hire Marks +30% Expansion for the D.C. – Based Solar Energy Finance and Investment Firm Sol Systems announced that Michael Woods has joined the organization as General Counsel. In this role, Mr. Woods will lead Sol Systems’ legal efforts to achieve even greater efficiency in structuring complex financial transactions for commercial solar energy projects. Stephanie…

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Go Ahead, Wake the Sleeping Giant: Why C&I Solar is Poised for Growth

While residential solar installers battle for market share and YieldCos gobble up utility scale projects, the commercial and industrial (C&I) solar space has been relatively quiet. Broadly defined as behind-the-meter projects between 50kW and 5MW, the middle market remains untapped due to market fragmentation and complexity associated with relatively smaller deal sizes. In fact, the…

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Sol Systems’ Sara Rafalson and Stephanie Smith Roll up their Sleeves with GRID Alternatives

This fall, Sol Systems’ Sara Rafalson and Stephanie Smith both participated in the GRID Alternatives Women’s Build, putting their skills to the test in constructing a solar array (and learning a lot along the way from very patient GRID teachers). Smith and Rafalson both participated in Women Executive (WE) build sessions in Long Beach, CA…

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Come on & Feel the Illi-Noise: Why 2015 Will be a Big Year for Illinois Solar

Prepared in collaboration with Sol Systems Intern Mark Noll On September 29, the Illinois Power Agency released its draft 2015 Procurement Plan regarding renewable portfolio standard (RPS) compliance for the state’s two regulated utilities, ComEd and Ameren – and then, on the very same day, decided to release a second “Supplemental” Procurement Plan for solar…

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Ohio Opposition to Renewables & Solar Energy Mounts

Sacrificing renewables promised reduced prices for customers; but now could end up raising the bill for Ohioans. Ohio’s electrical market structure has long been based on market forces such as varying supply and demand, rather than by political regulation. But recently, moving away from an economy driven, market based structure, to one driven by political…

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13.7MW of Solar Energy Added across Eight California Counties

Earlier this year Sol Systems and Hannon Armstrong agreed to jointly  originate, structure and fund up to $100 million of construction and term debt financing for developers and owners of distributed solar projects benefitting commercial, industrial, municipal, and utility customers throughout the United States and its territories. The first deploying was with Pristine Sun’s complex,…

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A Look at Virginia: Can Regulated Utilities Drive the Solar Industry Forward?

Dominion Virginia Power recently announced the selection of Capital One’s Chester facility to host the first ground-mounted solar energy system in Central Virginia. Plans to install 2,500 solar panels will generate up to 500 kilowatts of electricity at peak production. This project, in combination with others, is contributing to Dominion’s goal to emplace up to…

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October 2014 Project Finance Journal

Below, we have included excerpts from Sol Systems’ October 2014 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…

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It’s Time to Ask the Wallflower Solar Markets to the Dance

The following is an excerpt from our Solar Project Finance Journal, a monthly electronic newsletter analyzing the solar industry’s latest trends based on our unique position in the solar financing space. To view the full Journal or subscribe, please e-mail pr@solsystemscompany.com. If commercial solar project finance was high school, hot markets such as New York,…

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Can Financing Partnerships Make the Middle Market Work?

The following is an excerpt from our Solar Project Finance Journal, a monthly electronic newsletter analyzing the solar industry’s latest trends based on our unique position in the solar financing space. To view the full Journal or subscribe, please e-mail pr@solsystemscompany.com. With few exceptions, most commercial projects we see come from developers going out to the market…

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Is Your Solar Investor the Real Deal? How To Be Sure.

The following is an excerpt from our Solar Project Finance Journal, a monthly electronic newsletter analyzing the solar industry’s latest trends based on our unique position in the solar financing space. To view the full Journal or subscribe, please e-mail pr@solsystemscompany.com. As we reported on last year, sponsor equity is in abundance as new players flock to…

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