NewEnergyNews: MORE BIG MONEY TO SOLAR TPO FUNDING

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

  • TODAY’S STUDY: New Energy Now
  • QUICK NEWS, July 26: How Smart Buildings Can Use New Energy; U.S. Ocean Wind Industry About To Be Born; Idaho Farmers Sow Solar, Reap Rewards
  • THE DAY BEFORE

  • TODAY’S STUDY: How Utility Rates Can Let New Energy Make The Grid Stronger
  • QUICK NEWS, July 25: The Solar Numbers; Target Targets Wind; Wave Energy Gets Lloyd’s Approval For First Time
  • THE DAY BEFORE THE DAY BEFORE

  • Weekend Video: It’s Time To Choose
  • Weekend Video: Solutions From Our Millennials
  • Weekend Video: Coal In The Water, Clean In The Wind
  • THE DAY BEFORE THAT

  • FRIDAY WORLD HEADLINE-Save $2 Trillion – Stop Climate Change
  • FRIDAY WORLD HEADLINE-Germany Hits World Solar-Plus-Storage High
  • FRIDAY WORLD HEADLINE-Aussie Media Gets Facts Way Wrong On Wind
  • FRIDAY WORLD HEADLINE-Dubai To Study Geothermal, Ocean Energy Potential
  • AND THE DAY BEFORE THAT

    THINGS-TO-THINK-ABOUT THURSDAY, July 21:

  • TTTA Thursday-The Climate Change Secret In The Great Trees
  • TTTA Thursday-Solar Makes A Home’s Value Grow
  • TTTA Thursday-Wind In The Stock Market
  • TTTA Thursday-Doc Brown Lives! Flux Capacitor Is World’s Fastest Car
  • THE LAST DAY UP HERE

  • ORIGINAL REPORTING: Utility-scale solar booms as costs drop
  • ORIGINAL REPORTING: The backbone for the modern grid
  • --------------------------

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    Anne B. Butterfield of Daily Camera and Huffington Post, f is an occasional contributor to NewEnergyNews

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    Some of Anne's contributions:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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  • ---------------
  • TODAY AT NewEnergyNews, July 27:

  • ORIGINAL REPORTING: How utility-solar collaborations are helping solar grow
  • ORIGINAL REPORTING: GE’s digital power plant
  • ORIGINAL REPORTING: The now and future impacts of energy storage

    Thursday, January 24, 2013

    MORE BIG MONEY TO SOLAR TPO FUNDING

    Sungevity Scores $125M for Third-Party Solar Financing; Third-party-owned solar financed most of the California residential solar market in 2012.

    Eric Wesoff, January 16, 2013 (Greentech Media)

    “…[S]olar financing and solar software startup [Sungevity], just announced $125 million in new venture capital and project financing…It's another sign that investors still see value in the downstream solar market. SolarCity(SCTY), recently public, is trading at $13.72 per share. The optimism embedded in SolarCity's stock performance likely helps companies like Sungevity or Clean Power Finance.

    “Sungevity [-- which has doubled the number of annual installations every year since its founding --] gained $40 million in equity in 2012 led by ‘impact investment fund’ Brightpath Capital Partners and home improvement store Lowe's, along with Vision Ridge Partners, Craton Equity Partners and Eastern Sun Capital Partners. Energy Capital Partners (ECP) and an unnamed bank committed $85 million in new project financing…”

    “Sungevity's goal is to lower the cost of solar customer acquisition, reduce installation costs (which it cut by 30 percent in 2012), and deliver a firm project quote within twenty-four hours of inquiry without a visit to the home…According to GTM Research, in the first half of 2012, Sungevity had a 3.1 percent U.S. residential installer market share -- compared to SolarCity at 13.3 percent. Sungevity financed the installation of panels from Suntech (42 percent), Schuco (29 percent), BP Solar, and Sharp in the first half of last year.

    “Sungevity, along with newly public SolarCity, as well as SunEdison, Sunrun, Vivint, CPF, OneRoof, BrightGrid Solar, and a few others have spearheaded the third-party ownership [TPO] model [which has become the leading method by which homeowners can afford to install solar]…Home and business owners can contract with a third party…for electricity generated by a solar system installed, owned and maintained by the third party. The investor gets the 30 percent federal Investment Tax Credit (ITC) and the installer gets regular payments over the contract’s term. The resident gets solar-generated electricity at a rate significantly below the retail utility rate without bearing the burdens of upfront costs and ownership risks…”

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