SOLAR CAPITAL LEASE – 100% project funding, No Capital Investment

SOLAR CAPITAL LEASE – 100% project cost. No Capital Investment

NEWS – FOR IMMEDIATE RELEASE

Date: April 10, 2013

Charleston, SC. – Solar Capital Leasing has recently introduced a Capital Tax Lease that provides for 100% project financing for renewable energy projects in excess of $250,000. This lease offers a unique and proprietary financing solution for business, municipalities, schools, non-profits, government and others having an interest in developing multiple solar power installations in the small (50 kW) to medium (1 MW) size range.

The funding program is available to qualified projects in selected markets including Massachusetts, Connecticut, New York, New Jersey, Rhode Island, District of Columbia, Maryland, Delaware, Georgia, North Carolina and Tennessee. Apply Online.

The Solar Capital Lease is underwritten by US based Fortune 500 companies having extensive experience in financing renewable energy projects in the US and selected Internationally markets (Canada, Caribbean). The program provides both the construction and take-out financing for terms up to 30 years and at competitive rates i.e. 3.5% – 5% range depending on the credit worthiness of the project host.

Program Features:

  • 100% financing of renewable energy project costs
  • Transactions of $245,000 with no upper limit
  • Construction and take-out financing for terms up to 30 years
  • Roof-top and ground mounted systems
  • Small to Medium sized Municipal and School projects may be accommodated
  • Tax benefits, depreciation, stay with the project developer
  • Investment grade entity in the structure

Prior to the introduction of the Solar Capital Lease project developers commonly found project  financing difficult due to a number of factors.

According to David Weiler, CEO, Solar Capital Leasing, “Renewable energy projects are a unique asset where the future market value of the underlying asset collateral is difficult to establish and cash flows are difficult to confirm due to uncertain power production and the resultant revenue”.  He further stated that “project developers often lack access to equity funds i.e. skin in the game to satisfy the bank and lenders can only offer high coupon rates and limited amortization terms which puts additional economic pressure on the business case of the project.

THE SOLAR CAPITAL APPROACH

Commercial banks do not typically provide a viable source of project funding due to their attachment to long-standing underwriting practices of focusing on the value of the underlying asset, imposition of debt coverage ratios and demand for developer equity in the capital stack.

Project financing has typically been combined with some component of debt financing and private investor equity contribution, with the private investor’s motives driven primarily by tax-related benefits. The repetitive need to obtain and package Bank debt with private investor capital for each project has proven to be a significant impediment to the ability of the developer to fund new projects.

In light of these challenges, the SCL team looked to practices already long in-place in the commercial property structured financing markets to provide a solution.

The approach relies on the credit quality of the project income stream, with virtually no emphasis on the nature of the renewable energy technology or physical assets. Solar Capital Leasing provide 100% project cost debt financing, with extended amortizations out to 25 or even 30 years.

Finally; the Solar Capital Lease does not seek to obtain any portion of project tax benefits. This allows the project developer to capture, or barter, these benefits to their own gain.

In summary – the Solar Capital Lease Program is driven by the credit quality of the transaction lessee and transactional documents that provide bond investors with default protection.

For more information contact:

Media

Solar Capital Lease

Email: info@solarscapitalleasing.com

Tel: 843-576-0112 x 121

http://www.SolarSmartCapital.com

Solar Capital Leasing

Solar Capital is a financial services and project development company providing renewable energy solutions through photovoltaic (“PV”), solar thermal and wind technologies.

The company levers its energy knowledge expertise, investment banking expertise and procurement processes to help municipalities, schools, non-profits, government  and businesses maximize energy savings and reduce carbon emissions.

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TOUGH TIMES AHEAD FOR PV INVERTER INCUMBENTS

Tough Times Ahead for PV Inverter Incumbents

GTM Research publishes flagship report on PV inverter markets, technologies and strategies.
Nicholas Rinaldi
April 18, 2013

A new 225-page report from GTM Research finds that, over the next three years, leading PV inverter suppliers will be pinched by shifts in global demand and the continued swing toward low-price market segments and geographies. This swing will push PV inverter prices down, from a global blended average of $0.22 per watt in 2012 to just $0.14 per watt in 2016 — a compound annual reduction of 10 percent.

GTM Research’s report, titled The Global PV Inverter Landscape 2013, finds that incumbent PV inverter manufacturers remain at the front of the market today, with low-cost players from Asia and diversified giants gaining ground as PV demand expands globally.

GTM Research Top 10 Competitively Positioned PV Inverter Companies
1. SMA
2. Power-One
3. Schneider Electric
4. SunGrow
5. Advanced Energy (REFUsol)
6. ABB
7. TMEIC
8. KACO New Energy
9. Chint Power
10. Fronius

The report’s ranking is based on key qualitative metrics that measure each company’s product offering, bankability, and growth prospect alignment. While this year’s ranking is lead by incumbent vendors, these companies are facing increased competition and collapsing margins brought on by global oversupply, diffusion of PV demand away from European markets, and the commercialization of advanced technologies such as module-level power electronics (MLPE).

US Solar Installations up 76% last year to 7,221 MW of PV

Overall, the U.S. installed 3,313 MW, up 76 percent from 2011, a record for the industry. Even with the cost of solar falling for consumers, the U.S. solar industry grew 34 percent from $8.6 billion in 2011 to $11.5 billion in 2012 not counting billions of dollars in other economic benefits across states and communities.

At the end of 2012, there were 7,221 MW of PV and 546 MW of concentrating solar power online in the United States, enough to power 1.2 million homes. In addition to record annual installations, the fourth quarter of 2012 shattered all-time quarterly records with 1,300 MW of installed PV, besting the previous high by 64 percent.

The residential and utility segments had their best quarters ever, installing 144 MW and 874 MW respectively. The residential market saw meaningful growth in California, Arizona, Hawaii, Massachusetts and New York, as average residential system prices dropped nearly 20 percent in one year from $6.16 per watt in Q4 2011 to $5.04 per watt in Q4 2012.

SEIA and GTM Research expect residential solar to surge in 2013 and beyond, as third-party solar financing options spread across the country.

The nonresidential segment, which includes commercial, governmental, and nonprofit systems, installed more than 1,000 MW in 2012. Leading non-residential markets included California, New Jersey, Arizona, Massachusetts and Hawaii. Meanwhile, the utility market continues to be dominated by installations in the desert southwest. There were 152 utility solar installations in 2012, and eight of the ten largest projects currently in operation were completed in 2012. These installations represented 54 percent of total installed capacity, or 1,782 MW.

SEIA and GTM Research expect the growth to continue into 2013 and beyond. For this year, the report forecasts 4,300 MW of new PV installations, up 29 percent over 2012, and 946 MW of concentrating solar power. Over the next four years, the residential and nonresidential markets are expected to gain market share as system prices decline, the industry becomes even more efficient, and new financing channels arise

NEWS – FOR IMMEDIATE RELEASE
Dated: April 16, 2013
installeryelloehat
EMPOWER Solar Lease Provides 100% project financing for small to medium commercial solar installations. No Capital Required.
Charleston, SC. – The EMPOWER Solar Lease has recently been introduced to provide a low cost financial solution to installing small-to-medium sized solar systems. Under the program the equipment lease will provide 100% project financing for roof-top or ground systems that range in size from 50 kW to 1 MW. The program is expected to be of particular interest to large manufacturers wishing to “go green” and other companies interested in finding a new source of revenue or means to reduce their present energy costs.”The EMPOWER lease program has`a significant competitive advantage over other lease structures” according to Peter Rundle, President, Solar Capital Leasing. “The lease allows us to monetizing the 30% Federal Tax Credit and depreciation which is applied directly to the loan amount. Often this will have the direct result of lowering the loan amount by 40% or more”

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Program Benefits
GreenCheck No Capital Cost to Install Solar System – There are no costs associated with the installation or operation of the system for the twenty (20+) life of the system .
GreenCheck No Operating or Maintainance Expenses – Selected Solar Installation company will train the host’s staff to operate and maintain the system after the first year.
GreenCheck The host receives all the income from power purchase agreement and any renewable energy credits for the life of the system.
GreenCheck Purchase Option to buy the System – The agreement will offer the host options regarding the system including removal of the system at no expense, lease the system, maintain the current arrangement or purchase the system at a reduced price.
GreenCheck Contribute to Energy Independence & Reduce Harmful Emissions – Renewable energy alternatives, such as solar, reduce our dependence on foreign oil and greatly help to reduce the dangerous gases that lead to global warming.

Download a EMPOWER Solar Lease Brochure or apply here.

Contact Media Solar Capital Leasing

Email: info@solarcapitalleasing.com Tel: 843-576-0112 x 121

www.solarcapitalleasing.com

Solar Capital Leasing

Solar Capital Leasing is a professional services and project development company providing renewable energy solutions through photovoltaic (“PV”), solar thermal and wind technologies. The company levers its energy knowledge expertise, investment banking expertise and procurement processes to help business, schools, non-profits, and municipalities maximize energy savings and reduce emissions.

SOLAR CAPITAL LEASE INTRODUCED – 100% project funding

SOLAR CAPITAL LEASE INTRODUCED – 100% project funding

NEWS – FOR IMMEDIATE RELEASE

Date: April 10, 2013

Charleston, SC. – Solar Capital Leasing has recently introduced a Capital Tax Lease for commercial solar projects that focus on multiple small (50 kW) systems to medium (3 MW) sized installations. The funding program provides for 100% project financing for projects where the total project cost is $250,000 or greater. The lease offers a unique and proprietary financing solution for business, municipalities, schools, non-profits, government and others having an interest in developing multiple solar power installations. The program is unique in the fact that it can monetize the tax credits and depreciation and reduce the repayment loan by as much as 50%.

The funding program is available to qualified projects in selected markets including Georgia, Massachusetts, Connecticut, New York, New Jersey, Rhode Island, District of Columbia, Maryland, Delaware, North Carolina and Tennessee. Apply Online.

The Solar Capital Lease is underwritten by US based Fortune 500 companies having extensive experience in financing renewable energy projects in the US and selected Internationally markets (Canada, Caribbean). The program provides both the construction and take-out financing for terms up to 30 years and at competitive rates i.e. 3.5% – 5% range depending on the credit worthiness of the project host.

Program Features:

  • 100% financing of renewable energy project costs
  • Transactions of $250,000 with no upper limit
  • Construction and take-out financing for terms from 8 to 30 years
  • Repayment loans can be reduced to 50% of the project cost
  • Small to Medium sized Municipal and School projects may be accommodated
  • Tax benefits, depreciation, can stay with the project developer
  • Investment grade entity in the structure

According to Solar Capital Leasing, “solar energy projects are a unique asset where the future market value of the underlying asset collateral is difficult to establish and cash flows are difficult to confirm due to uncertain power production and the resultant revenue”.  Additionally they state “project developers often lack access to equity funds i.e. skin in the game to satisfy the bank and lenders can only offer high coupon rates and limited amortization terms which puts additional economic pressure on the business case of the project”.

THE SOLAR CAPITAL LEASING APPROACH

Commercial banks do not typically provide a viable source of project funding due to their attachment to long-standing underwriting practices of focusing on the value of the underlying asset, imposition of debt coverage ratios and demand for developer equity in the capital stack.

Project financing has typically been combined with some component of debt financing and private investor equity contribution, with the private investor’s motives driven primarily by tax-related benefits. The repetitive need to obtain and package Bank debt with private investor capital for each project has proven to be a significant impediment to the ability of the developer to fund new projects.

In light of these challenges, the SCL team looked to practices already long in-place in the commercial property structured financing markets to provide a solution.

The approach relies on the credit quality of the project income stream, with virtually no emphasis on the nature of the renewable energy technology or physical assets. Solar Capital Leasing provide 100% project cost debt financing, with extended amortizations out to 25 or even 30 years.

Finally; the Solar Capital Lease does not seek to obtain any portion of project tax benefits. This allows the project developer to capture, or barter, these benefits to their own gain.

In summary – the Solar Capital Lease Program is driven by the credit quality of the transaction lessee and transactional documents that provide bond investors with default protection.

For more information contact:

Media

Solar Capital Leasing

Email:info@solarcapitalleasing.com

Tel: 843-576-0112 x 121

www.SolarCapitalleasing.com

Solar Capital Leasing

Solar Capital Leasing is a financial services and project development company providing renewable energy solutions through photovoltaic (“PV”), solar thermal and wind technologies.

The company levers its energy knowledge expertise, investment banking expertise and procurement processes to help municipalities, schools, non-profits, government  and businesses maximize energy savings and reduce carbon emissions.