Sol Systems Logo
Menu

Illinois Solar Gets Closer to Game Time

  The Illinois solar market is marching ahead to an eventful 2015.  Recent action on the Supplemental Procurement Plan means solar energy system owners should look for the Illinois SREC market to come to fruition very soon. Earlier this month, the Illinois Commerce Commission released a draft Proposed Order on the Illinois Power Agency’s (IPA)…

Read More

Sol Systems Offers New SREC Contract. Meet Sol Combo

Solar Renewable Energy Credits (SRECs) are a confusing, yet critical, piece of solar finance for solar energy system owners and installers alike. To solve for this, Sol Systems offers four SREC monetization options: Sol Upfront, Sol Brokerage, Sol Annuity, and now, Sol Combo. For many customers, deciding how to handle the solar renewable energy credits…

Read More

December 2014 Solar Project Finance Journal

Below, we have included excerpts from Sol Systems’ December 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, and…

Read More

As the Weather Turns Frightful, Keep Placed in Service Deadlines Delightful

The biggest story around this time of year is the rush to meet end-of-year placed in service deadlines for 2014 pipeline. In 2013, Greentech Media and SEIA reported that 44% of installs occurred in Q4. We expect the numbers will show a similar trend for Q4 2014. Placed in service deadlines are important for all investors,…

Read More

A Look Back at 2014: What Does a Shortage of Bankable Projects Mean for C&I Solar?

Solar project development is cyclical: more capital chases projects, oversupply of capital brings down yields, capital exits the space, more projects chase the money; rinse, lather, and repeat. As we reflect on 2014, we will remember it as a year when an abundance of sponsor equity was met with a shortage of bankable project opportunities. Here’s…

Read More

Financing Partnerships Drive North Carolina’s Solar Boom

Three new utility-scale solar farms have been added to North Carolina’s energy mix, propelled by a partnership between Washington, D.C.-based solar investment and financing firm Sol Systems, National Cooperative Bank, and Strata Solar. The projects are located on rural farmland in Erwin, Efland, and Hickory and total 18MW of solar capacity which equals the reduction…

Read More

Sol Systems Turns Up the Voltage in Its Structured Finance Practice with Jerry Stalun

Jerry Stalun has joined Sol Systems, a Washington, D.C. – based solar energy finance and investment firm, as its Senior Director of Investments. In this role, Mr. Stalun will lead Sol Systems’ Investment and Structured Finance Teams in capital development for the firm’s solar energy investment and finance initiatives. “As a seasoned energy investment and…

Read More

Sol Systems Welcomes Matt Jennings, the Newest Member of our SREC Customer Care Team

Sol Systems is pleased to introduce its newest team member of our SREC Customer Care team, Matt Jennings. Along with Bridget Callahan and Victoria Ngare, Matt manages accounts for Sol Systems’ customer base of over 4,200+ solar energy system owners and installers in thirteen states who rely on Sol Systems to sell their solar renewable…

Read More

If C&I Solar Projects Were Thanksgiving Dinner

A well-executed solar project can be almost as satisfying as Thanksgiving dinner; the only difference is that you are still left hungry for more. With a little bit of digging (and an active imagination), we found plenty of parallels between a commercial and industrial (C&I) solar project and Thursday’s familiar feast. Deal Structure: Good meals…

Read More

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…

Read More

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…

Read More

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,…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More

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…

Read More