Leases and power purchase agreements have played a vital role in solar power’s boom over the last decade. Looking ahead to the next wave of growth, innovative financing models such as Property-Assessed Clean Energy (PACE), community solar and online financial technology platforms will play a key role in accelerating the development of the solar industry.
The rise in innovation in solar finance has been unprecedented. Over the past seven years, there have been almost $4 billion in PACE transactions across 140,000 American homes. On the community solar side, GTM Research anticipates the market will surpass 400 MW this year. As financiers continue to develop flexible, streamlined financing solutions and expand the financing options available to developers, we will continue to see growth in these market opportunities.
This year in Intersolar North America’s Conference program, industry experts will discuss purchasing preferences, business models that drive profitability, and new solutions that are increasing residential customer conversions. Other financing panels will tackle topics such as financing solar-plus-storage projects and how upcoming regulatory changes and business practices will impact financing over the next six months.