Sol-REIT has joined the Division of Vitality’s Nationwide Group Photo voltaic Partnership (NCSP) as a part of the corporate’s dedication to fund greater than $175 million in group photo voltaic tasks by 2025.
For photo voltaic builders with tasks at or past their discover to proceed, Sol-REIT offers building capital and/or everlasting debt to match an asset’s operational life whereas dramatically decreasing underwriting and due diligence timelines. for business, group and aggregated residential photo voltaic tasks. The development-to-permanent financing resolution provides photo voltaic builders and EPCs the power to seize your entire worth chain of the tasks they develop or construct, which implies extra builders can function extra effectively and with out capital. There is no such thing as a upfront fee and as much as and in some instances greater than 100% of the capital required to construct the tasks might be offered.
NCSP is a coalition of group photo voltaic stakeholders working to increase entry to reasonably priced group photo voltaic to each US house and permit communities to understand significant advantages, reminiscent of decreasing the burden of power, elevated resilience and workforce improvement.
Sol-REIT’s partnership with NCSP was introduced prematurely of the corporate’s attendance on the Nationwide Group Photo voltaic Partnership 2023 Summit on January 19, 2023, in San Diego.
“Group Photo voltaic represents an vital a part of our present pipeline whereas additionally being a major purpose of the builders and EPCs we serve,” stated Mark Settles, CEO of Sol-REIT. “By becoming a member of NCSP, we align our firm with a bunch targeted on growing entry to photo voltaic and dealing collaboratively to achieve group photo voltaic targets.”
NCSP is a coalition of group photo voltaic stakeholders working to increase entry to reasonably priced group photo voltaic to US houses and permit communities to understand different advantages, reminiscent of elevated resilience and – workforce improvement. The Partnership is a DOE initiative led by the Photo voltaic Vitality Applied sciences Workplace in collaboration with the Nationwide Renewable Vitality Laboratory and Lawrence Berkeley Nationwide Laboratory.
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