Tag: financing
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Communication is the key to seamless solar sales
This piece was contributed by John Bumgarner, GM, solar and storage, at Mosaic. It was originally published in the Q3 issue of Solar Builder magazine. Subscribe here (for free) to ensure you receive the Projects of the Year issue. Fifteen years ago, when I sold solar at the kitchen table, I had to convince people……
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First Citizens, Spearmint Energy funding battery storage projects | Solar Financing Spotlight
First Citizens Bank is helping to fund a 200 MW energy storage project in California, while Spearmint Energy has secured tax equity for a 150 MW storage project Texas. Learn more about these initiatives along with other funding news in our latest Solar Financing Spotlight. To start off, First Citizens Bank’s Energy Finance business has served……
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Residential solar PV system costs track 15 percent lower in 2023. Utility-scale not so lucky
Residential solar PV system cost benchmarks are lower than ever, according to the National Renewable Energy Laboratory (NREL). Reasons include lower solar module prices and the impact of domestic manufacturing incentives. NREL recently published its annual cost breakdown of installed solar photovoltaic (PV) and battery storage systems. The U.S. Solar Photovoltaic System and Energy Storage……
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Maine offers $3 million incentive for commercial energy storage
Some state incentive programs for commercial energy storage may seem at times to lack enough financial reward to encourage adoption of new capacity, but a new program from Efficiency Maine puts the numbers upfront with potential savings of up to $3 million per participant over five years. The quasi-state organization is offering the incentives within……
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Enerflo integrates Automated Escrow function for solar cash deals
As interest rates have risen over the past year, the industry has and continues to see a shift from loans to an increase in cash deals for residential solar systems. This is good business if you can get it, but dealing with large cash payments — and timing the payments — can be a messy……