Just because we’re not shooting fish in a barrel doesn’t mean we’re moving past the late early majority, venturing into the mainstream, or “crossing the chasm” of residential solar. Since December 2015, I’ve been exploring the macro changes happening in the US residential solar markets and wondering where (and if) we were moving into mature […]
Happening on the Solar Executive MBA Discussion Board…
Construction Debt/Loans, SRECs & Purchasing vs. Leasing a Site
1. What is the difference between project debt and the construction loan?
2. What is SREC and Single SREC?
3. If the site is purchased and not leased, would one discount the purchase price with the same hurdle rate as the Customer NPV […]
In this article, Chris Lord, expert instructor at HeatSpring, lawyer with deep banking experience, and the Managing Director of CapIron, Inc., outlines when it’s important for solar businesses to increase granularity in their solar project’s cash flow model.
When you are financing a project you need to look closely at the flow of cash – in […]
Image: Universe of Issues, Risks, and Challenges
This is a guest article from Chris Lord, Managing Director at CapIron, Inc. He’s a former lawyer with extensive banking experience who now consults with solar developers and investors. I’ve never met anyone else who can, seemingly, answer any financial or legal questions about financing commercial solar projects.
In the article, Chris shares some of his experiences about how to understand and mitigate the risks that you don’t know exist in commercial solar development. Unknown unknown risks are extremely important to understand because they can have large negative impacts on profits and relationships with investors and clients. These risks are especially important for firms that are experienced in solar but new to financing larger commercial solar projects.
I found this article extremely interesting and if your work revolves around selling or financing commercial solar projects, I’m sure you’ll love it. If you have questions about the article, please leave a comment. If you’d like to connect with other professionals focusing on best practices for financing commercial solar projects, join our LinkedIn group on Best Practices for Financing Mid-Market Solar Projects.
Chris Lord also teaches our 6-week Solar Executive MBA that starts on Monday, September 15th. In the course, you’ll work a commercial solar deal from start to finish with expert guidance. The course includes financial models, legal contracts, and development tools that are indispensable.
Enter Chris Lord