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Sol Systems COO & General Counsel Stephanie Smith Named C3E Award Finalist

The Clean Energy Education & Empowerment (C3E) Initiative Ambassadors has named Sol Systems General Counsel and Chief Operating Officer, Stephanie Smith, as a finalist for its annual awards program for mid-career women’s leadership and achievement in clean energy. The C3E Initiative was launched in 2010 by the 23-government Clean Energy Ministerial, serving to create opportunities for…

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Sol Systems Closes First Half of $100 Million Q3 Investment in North Carolina Solar

Three new North Carolina utility-scale solar farms have begun producing power, racking up another 18.2 MW, equal to taking about 2,400 passenger vehicles off the road for the year.  A significant portion of the investment responsible for the projects was managed by Washington, D.C.–based solar investment and financing firm, Sol Systems. “Tax structured investments have been critical…

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Sol Systems CFO Installs Solar Array on Maryland Home

This summer,  Sol Systems’ very own CFO, George Ashton, had a 9.78 kW solar array installed on the roof of his Maryland home. Pictures of the system can be seen below.  

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Employee Spotlight: Anna Noucas

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. This month,…

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August 2014 Project Finance Journal

Below, we have included excerpts from Sol Systems’ August 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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Insurance Companies Present Opportunity, Not Threat, to Solar Industry

A whitepaper from Zurich Risk Engineering cautioning against the installation of photovoltaic rooftop systems received some buzz this past month, with some solar industry insiders even calling the insurance industry solar’s next big threat. This does not concern us at Sol Systems. On the contrary, we see insurance companies as one of the solar industry’s…

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How Local and Regional Developers Can Compete with Solar Giants

Local and regional developers often seek our project finance team’s advice on bidding into requests for proposals (RFP’s), and how they can win against larger players. Truthfully, RFP’s continue to be a race to the bottom for solar developers where the lowest bid wins, often assisted by unbeatably low costs of capital. There are, however,…

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Washington, D.C. – Based Sol Systems Ranks High on Inc. 500 List for Second Consecutive Year

Inc. Magazine once again named Washington, D.C. – based Sol Systems on its annual Inc. 500 list of the nation’s fastest-growing private companies. This year, the solar finance firm ranked No. 6 in the nation’s top solar companies, No. 6 in fasting growing companies in D.C., No. 17 in energy, and No. 446 overall.

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Disruptive Innovation Alert: Regulated Utilities Vie for a Piece of the DG Solar Pie

After gaining a reputation for being one of solar’s most outspoken naysayers, Arizona Public Service (APS) shocked the industry by announcing its intent to get into the residential solar market. This is not the first time a regulated utility has attempted to catch up to a disruptive innovation by owning solar in its own territories,…

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We’re Hiring! Sol Systems Seeks Communications Intern for Fall 2014

Position: Communications Internship Opportunity: The Communications Intern will gain familiarity with the inner workings of one of the fastest growing companies in the nation by supporting the Marketing and Communications team. The internship will provide a fantastic launching pad for careers in marketing, public relations, and renewable energy. We change the world. Join us.

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The Massachusetts Solar Carve-Out: High Drama at the State House

Change has come to the Massachusetts solar market, but not in the way many were expecting. Amid the controversy of this summer’s proposed changes to the Massachusetts solar market, a significantly scaled-back bill was presented and eventually enacted as an amendment to Senate Bill 2214. On the last day of the year’s legislative session, lawmakers raised the…

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Chill from Ohio RPS Freeze Extends to Neighboring Solar Markets

On June 13, Ohio made history by becoming the first state to “freeze” its Renewable Portfolio Standard (RPS). The passage of SB310 was a major setback for the renewable industry in Ohio, but who knew what happened in the Buckeye State could affect solar in Pennsylvania, Virginia, and even Kentucky? Ohio’s legislative change froze not…

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We’re Hiring! Sol Systems Seeks Fall 2014 Interns

Position: Solar Analyst Intern (position beginning in August/September 2014) targeted towards undergraduates and recent graduates Description: The Solar Analyst Intern will assist with registration processes, administrative duties, and research tasks, and will be expected to provide clearly defined deliverables. The position will require attention to detail, excellent record keeping, and efficient allocation of time and…

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Sol Systems Welcomes Charity Sack as Senior Director of Marketing, Olga Zelenova as Controller, and Eric Stam as Renewables Trader

Sol Systems is pleased to welcome three new members to our team: Charity Sack as Senior Director of Marketing, Olga Zelenova as Controller, and Eric Stam as Renewables Trader. Charity Sack, Senior Director of Marketing Charity Sack joins Sol Systems after serving as Director of Communications at the American Academy of Actuaries where she spearheaded…

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3 Reasons Why a Managed SREC Solution Outperforms an Auction

Our team strongly believes that a managed SREC solution, one in which a third party such as Sol Systems executes trades in the best interest of the SREC owner, provides the customer with the highest sale price. Here’s why the managed approach works so well. 1. Aggregation Aggregation is important because larger volume SREC transactions often…

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South Carolina Solar is Rising

After two years of negotiations, the South Carolina House of Representatives voted unanimously on new legislation to promote solar inthe Palmetto State. As a result of the South Carolina Distributed Energy Resource Act (S.B. 1189), Sol Systems expects the South Carolina solar market to expand from a mere 8 MW to 300 MW or more by…

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Massachusetts SREC-I Auction Throws a Curveball to the Markets: Here’s how this will impact SREC-II projects.

Round II of the Massachusetts SREC-I clearinghouse auction failed to clear yesterday, July 30. A third round will be held on Friday, August 1st, 2014. As we described earlier in an explanation of the Massachusetts SREC-I auction, This annual auction, which is based on the volume demanded, allows SREC sellers the opportunity to auction their SRECs at the end…

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What’s Better for a Homeowner: A Fixed Price Contract or a Brokerage Solution?

Since the birth of the first solar renewable energy credit (SREC) market, Sol Systems has distinguished itself from other SREC solution providers by offering customers the ability to lock into fixed price SREC contracts for a set amount of years. This provides customers with a guaranteed income stream for 3, 4, 5, or 10 years – and…

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Massachusetts DOER SREC Clearinghouse Auction is Underway, Here’s What You Need to Know.

The Massachusetts solar renewable energy credit (SREC) market is undoubtedly the most complex incentive program among its peers. Among its complexities is the annual clearinghouse auction mechanism, which allows SREC sellers the opportunity to auction their SRECs at the end of each summer for a fixed price of $300/SREC, minus any auction and aggregation fees…

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A Sixth YieldCo Goes Public as the Asset Class Has its First Anniversary

Today TerraForm Power Inc. (TERP), a spinoff from SunEdison (SUNE), had its IPO making it the sixth yield corporation or “yieldco” to go public since NRG Yield (NYLD) became the first yieldco one year ago.  High dividend yields and rising stock prices have encouraged a wealth of investment in these new companies. However, investors should…

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