Solar Power World: The time is right to rethink long-term financing options for solar projects

2019-08-02T23:59:51+00:00

By Jim Spano, co-founder and head of originations at RadiantREIT; managing partner of Spano Partners Holdings The solar industry is booming, with installed capacity growing by about 50% annually between 2015 and 2018. Yet inefficient and costly project financing inhibits many solar developers from tapping into the market’s true potential. With changes to the investment tax credit (ITC) looming, there is an opportunity to address some of the long-term financing challenges that have confronted the industry for many years. New debt financing vehicles, with terms that match the full operational life of solar projects, will support continued industry growth and will [...]