In its continuing efforts to streamline the efficiency of commercial solar financing for businesses, organizations, municipalities, educational institutions and other entities, Standard Solar is teaming with CI Labs, a commercial and industrial underwriting, engineering and financing analytic platforms, to significantly increase transaction efficiency for solar projects and provide faster and easier access to its in-house capital.
As described in Standard Solar’s commercial financing primer “Commercial Solar Financing – The Definitive Guide,” solar customers face multiple challenges when it comes to project financing, including operating in a complicated market where customized solar financing solutions are increasingly paramount.
The CI Labs Platform, when paired with access to Standard Solar’s capital resources, will give the industry a means to evaluate options for customers in a more efficient manner and provide faster funding for projects should the customer decide to move forward.
“Traditionally, the solar project space has been murky in terms of the ability of finance providers to give solid guidance on the necessary blend of credit underwriting criteria and independent engineering requirements for a viable fund portfolio,” explained Shaun Laughlin, Head of US Strategic Development for Standard Solar. “Our work with CI Labs will allow us to compress and clarify the process for developers and increase the velocity of our capital deployment.”
The team from CI Labs has more than 20 years combined solar industry experience, and Nathan Homan, Co-Founder of CI Labs, helped to create one of the solar industry’s leading commercial & industrial underwriting and analytic financing platforms.
“We believe that our industry experience, combined with the leverage of Standard Solar’s low-cost project finance options, will enable capital providers, developers and solar investors to close projects with much greater ease and efficiency,” said Homan.
— Solar Builder magazine