[30 Minute Interview] Why SREC Markets Will Grow in a Post-ITC Solar World + Other Trends in Commercial Solar Finance All eyes are on the reduction or expiration of the 30 percent federal solar tax credit (ITC). While it’s the prime goal of SEIA (Solar Energy Industries Association) to maintain the federal ITC, some have argued explicitly that it’s time to… Continue reading “[30 Minute Interview] Why SREC Markets Will Grow in a Post-ITC Solar World + Other Trends in Commercial Solar Finance”
50 Minutes of Video Answering 5 Questions on Finding, Pitching, Managing Solar Tax Equity Investors This event has already happened. Please scroll down to see the recording and read the answers to the questions. This week our focus has turned to a question that everyone wants answered. Investors, investor, investors! Everyone needs more capital for projects,… Continue reading “50 Minutes of Video Answering 5 Questions on Finding, Pitching, Managing Solar Tax Equity Investors”
Advice from a $20MM Solar PV Investor for Commercial Solar Installers = Focus on a Niche, Be Fast, and Standardize your Operations This article is part of a series of tutorials, interviews and definitions around commercial solar financing. If you need to learn more about solar finance, click here to test drive our Solar MBA. In the Solar MBA students will complete financial… Continue reading “Advice from a $20MM Solar PV Investor for Commercial Solar Installers = Focus on a Niche, Be Fast, and Standardize your Operations”
How We Financed a 13kW Solar Project on a Church in Massachusetts The following is a guest post by Fred Paris, the instructor of our Solar PV Installer Boot Camp Training + NABCEP Entry Level Exam Prep. Fred tells the story of how he worked with members of a church to finance… Continue reading “How We Financed a 13kW Solar Project on a Church in Massachusetts”
“If Banks Only Understood Solar, My Commercial Solar Business Would Grow” We’ve had over 800 people download our commercial solar PV finance model. If you haven’t, you can download the Commercial Solar Model here. When our readers, students and alumni download it, we ask them what the is the #1 obstalce… Continue reading ““If Banks Only Understood Solar, My Commercial Solar Business Would Grow””
The Impact of SREC Value Assumptions on Commercial Solar PV Project IRRs Calculating the the un-levered (no debt), internal rate of return (IRR) of a commercial solar PV project is key to selling the project to the property owner, or gain investors on board for financing. If you’re still using the term… Continue reading “The Impact of SREC Value Assumptions on Commercial Solar PV Project IRRs”
Preview of Powerful Commercial Solar Project Finance Model included in Solar Executive MBA Course If you are involved in selling or financing commercial solar projects and need a robust proven tool to value those projects, this model (which is included in our Solar Executive MBA course) will be useful to you and your business… Continue reading “Preview of Powerful Commercial Solar Project Finance Model included in Solar Executive MBA Course”
Guide to Bridge Financing For Solar EPC Contractors Over the past month, I’ve seen a pick up in the amount of companies that are offering ‘bridge financing’ to small and middle size solar PV contractors. So, I thought I would put together a short post and a free… Continue reading “Guide to Bridge Financing For Solar EPC Contractors”
Betting on the Decline of Residential Solar PV Financing Here is a crazy thought: we will know that solar pv has become mainstream when 3rd party financiers are no longer needed. I’m very bullish on the ability of 3rd financiers to be able to compete with the general trend of the… Continue reading “Betting on the Decline of Residential Solar PV Financing”
Finance 101 for Solar Thermal Pros In this article, I’ll go through the basic step-by-step process of how to evaluate, understand and communicate the financial benefits of investing in a solar thermal system. The analysis will be on the client side, but obviously it’s critical for… Continue reading “Finance 101 for Solar Thermal Pros”
Finance 101 For Geothermal Pros (Image using LoopLink Geothermal Design Software) The only thing that the geothermal industry needs to worry about is sales. We need more sales. For the most part, we have talented enough engineers and tradespeople to install any project that we… Continue reading “Finance 101 For Geothermal Pros”
[Interview] 5 Key Lessons Learned about a Homeowner’s Solar Buying Process I’ve been doing a lot of interviews with companies that are selling renewable energy services, but what I’m really interested in learning about is how property owners are making their purchasing decisions. If we can better understand the customer, it will… Continue reading “[Interview] 5 Key Lessons Learned about a Homeowner’s Solar Buying Process”
Large Installers and Financiers DOMINATE the MASS Residential Solar Market, with 76% and 74% Market Share Respectively, and Other Interesting Data The Massachusetts Clean Energy Center has made data on the number of project funded through the Commonwealth solar grant available public. Find the on MA CEC’s website or download it here in excel format. The data is very detailed and… Continue reading “Large Installers and Financiers DOMINATE the MASS Residential Solar Market, with 76% and 74% Market Share Respectively, and Other Interesting Data”
Finance 101 for Solar PV Professionals In order to sell solar PV projects, especially commercial projects, you need to understand finance. Understanding finance will allow you to calculate and communicate the financial benefit of a system to your client. Download the Commercial Solar Finance Model Read… Continue reading “Finance 101 for Solar PV Professionals”
What is the Difference Between a Solar Lease and Cash Customer? This is the last interview in the 5 part series we did with BrightGrid Renewable Energy Finance on residential solar leases and it’s one of the best. We focused most of the interview on specifics of what solar sales and… Continue reading “What is the Difference Between a Solar Lease and Cash Customer?”
Finance 101 for Renewable Energy Professionals Understanding finance is required to sell renewable energy projects. It’s needed to communicate the value of both residential and commercial projects, and for all types of technologies: solar PV, solar hot water, and geothermal heat pumps. The reason financial metrics are… Continue reading “Finance 101 for Renewable Energy Professionals”
How to Select a Top Solar Manufacturer To Work With For the fourth part of my interview series with BrightGrid Renewable Energy Finace, I spoke with Tim Slavin, VP of Credit and Operations at BrightGrid. We talked about a solar installer should be asking from their manufacturing partners and how… Continue reading “How to Select a Top Solar Manufacturer To Work With”
How Do you Handle Your Customers’ Tough Questions About Solar Leases? This is the third video in a five part series that HeatSpring created with BrightGrid Renewable Energy Finance to help residential solar contractors learn more about solar financing and leases. The goal is simple, we want to help installers to… Continue reading “How Do you Handle Your Customers’ Tough Questions About Solar Leases?”
How Does a Solar Lease Work and How Do you Sell its Value The above video is part 2 in a 5 part series HeatSpring created with BrightGrid Renewable Energy Finance for solar installers about solar financing and solar leases. You can watch the full 5 part series “How to User Solar Leases… Continue reading “How Does a Solar Lease Work and How Do you Sell its Value”
What Residential Solar Companies Need to do to Successfully Offer a Solar Lease According to the State of California Energy Commission, in Q3 of 2011, the majority of residential systems were financed. What does this mean for solar installers? Simple. The solar lease is becoming the industry norm and you need to be… Continue reading “What Residential Solar Companies Need to do to Successfully Offer a Solar Lease”