Federal opportunity zones, which offer tax benefits to qualifying businesses, are little known and not always well understood. But they can offer important advantages to solar companies, adding to solar tax benefits such as the federal Investment Tax Credit (ITC). Read the Full Story Here
Sometimes, it pays to look at what projects you have on the sidelines because they just might be what will lead you to success. Jim Spano is an Air Force veteran who specialized in Russian linguistics. After leaving the service, he went on to work for the Metropolitan Insurance Company and later on put up an insurance brokerage that eventually became a high-net-worth financial planning firm. Read the Full Article Here
Jim Spano, co-founder of RadiantREIT, joins us to discuss the evolution of the solar market and the idea behind his new company. RadiantREIT has an interesting business model for providing long term fixed-rate debt to solar projects. To access this podcast click here
Jim Spano is Managing Partner at Spano Partners, and Founder & Director of Origination for Radiant REIT. He is a dedicated philanthropist that has already put 300 MW of solar in the ground and has created a fund to provide $10B over the next three years. To access this podcast click here
Jim Spano is co-founder of Radiant REIT, Managing Partner of Spano Partner Holdings and a nationally recognized expert in solar development and finance. He has been instrumental in the development of over 300 megawatts of solar generation primarily in the Northeast United States. He is the founder and President of the New Jersey Solar Grid Supply Association (NJSGSA), Vice-President of the Mid Atlantic Solar and Storage Industry Association (MSSIA), on the board of the International Battery and Energy Storage Association (IBESA), a conference committee member of the Intersolar North America Conference, as well as numerous other industry positions. Read the [...]
Over the past decade, demand for solar energy has skyrocketed in the United States and abroad – a trend that is expected to continue well into the 2020s. Despite the consistent growth of this transformative market, investment into the solar sector has been volatile and met with mixed results. Solar stocks, for instance, have taken investors on a wild ride time and again. There are several reasons for this, such as uncertainty in tax incentives, global trade restrictions and supply gluts. But there has also been a common thread to these historically unpredictable investments. Most publicly listed solar companies manufacture solar energy equipment, [...]
As the solar industry prepares strategies for dealing with the investment tax credit (ITC) step down, there is a silver-lining in that tax equity will become a smaller part of the capital stack, making more room for debt to fill that gap and enabling developers to own more of their assets. By owning more of their assets, developer's business model will shift from that of a service provider to asset owner. RadiantREIT is aiming to seize this opportunity by being the first-ever mortgage REIT offering loans to the solar energy market. The company uses a model that finances solar like [...]
By Jim Spano Installed solar capacity in the United States exceeded 10 GW for the third year in a row in 2018, and the pace of growth is expected to continue. The first quarter of 2019 was the strongest in the history of the U.S. solar market, according to a recent report from Solar Energy Industries Association (SEIA) and Wood Mackenzie Power & Renewables. 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 [...]
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 [...]
A Development Podcast. Check out the new episode of SolarWakeup Podcast with solar developer, Jim Spano, in which we talk about all things solar in New Jersey as well as his new venture to bring REIT capital to solar. Climate At Fox News. Senator Sanders held a town hall on Fox News and did two things we talk about a lot. When asked about national security he pivoted the answer to include climate change and terrorism in the Middle East, a clear signal that he was speaking to the audience of Fox News. Second, as the article says, “Sanders drew cheers when [...]
