Tag: financing
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‘Safe Harbor’ from RPCS helps solar developers benefit from this year’s ITC rate next year
RP Constructions Services announced this week a Safe Harbor strategy that will allow project developers, financiers and owners to benefit from this year’s Investment Tax Credit (ITC) rate for projects built in the coming years. Customers can realize savings by both purchasing solar tracker materials from RPCS and storing themRead More — Solar Builder magazine
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California’s Solar on Multifamily Affordable Housing program starts accepting applications July 1
California’s new Solar on Multifamily Affordable Housing (SOMAH) program, the nation’s largest investment in low-income residential solar for tenants, will begin accepting applications on July 1, 2019. The SOMAH program provides property owners with financial incentives for installing solar PV systems on housing serving low-income and disadvantaged communities throughout theRead More — Solar Builder magazine
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SunPower secures funding to bolster its residential solar lease business
SunPower has secured financing commitments for its residential solar lease program (with Hannon Armstrong Sustainable Infrastructure Capital and SunStrong Capital Holdings) that will make its financing provisions “more attractive” and will supplement the solar loan and cash sale alternatives currently offered by the company. SunPower has provided solar lease financing optionsRead More — Solar Builder magazine
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CleanCapital reports Tahoe is its largest C&I solar portfolio refinancing to date
CleanCapital closed on a refinancing of its largest solar portfolio: Tahoe. The 46.9 megawatt portfolio, one of the largest independent C&I solar portfolios in the U.S., was acquired from ATN International, Inc. subsidiary Ahana Renewables. Lenders for the $85.7 million financing that matures in 2026 are Santander Bank, N.A. andRead More — Solar Builder magazine
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ACORE survey shows financial institutions have high confidence, interest in solar investments
One year into its campaign to reach $1 trillion in U.S. private sector investment in renewable energy and enabling grid technologies by 2030, the American Council on Renewable Energy (ACORE) is releasing a progress report tracking U.S. renewable investment and assessing the policy and market pathways needed to achieve theRead More — Solar Builder magazine