Solar Financing

PGE Finances SunRun Solar Installation

2010-07-14T11:01:00.000-07:00

Pacific Gas and Electric (PG&E) is planning to spend $100 million to help SunRun, a San Francisco solar company, to finance solar panel installations.

SunRun will use the money from PGE to fund more than 3,500 residential solar installations across multiple states. Unlike many solar companies, SunRun pays for solar installations up front and continues to own the system afterward. They sell the electricity produced by the solar system to the property owner.

Customer payments are split between SunRun and PGE. PGE will receive the federal tax credit for the solar installation.

Banks used to provide solar financing, but this has slowed down since the credit crisis of 2008.

This is not the first time PGE has made this sort of agreement. Earlier this year, it agreed to make a $60 million deal with SolarCity.

SunRun plans to install solar systems in California, Arizona, Colorado, Massachusetts, and New Jersey. This will create jobs as the solar systems require installation and maintenance.

Green Solar Financing

2010-06-17T12:03:00.000-07:00

Rich Hessler Solar Financing is the premier solar financing partner renewable energy contractors.

We are in the business of connecting individuals and contractors with solar financing. We have relationships with multiple entities that offer solar financing at great rates. These loans are specific for solar or energy-efficiency upgrades on one's property. We are working on a 30-second online pre-qualification service so clients and apply for a solar financing loan within seconds.

With deepening concerns for our environment and a greater need for cost effective, renewable energy sources, more and more property owners are turning to solar energy solutions. While the American Recovery and Reinvestment Bill of 2009 ("Stimulus Act") has created significant incentives to help property owners lead the charge in a cleaner planet, it remains difficult to secure the necessary financing to transition our nation to solar power. Rich Hessler Solar Financing is working hard to make certain that those who want access to financing are able to obtain loans for renewable energy.

Please explore our solar financing website to learn more about our services.

Our Goal: a cleaner, greener future for our children with energy provided by renewable resources.

Why partner with Rich Hessler Solar:

We have relationships with financing sources inside and outside of the solar industry.
We allow solar contractors to monetize solar projects.
Rich Hessler Solar Financing maximizes the potential for financing projects that lead to the building and installation of solar systems.
Rich Hessler Solar offers business services, helping your solar company to succeed.

Solexant Receives $41.5 million in Solar Financing

2010-06-08T12:45:00.000-07:00

Solexant Corporation is considering building a new solar factory in Oregon. It has already received $41.5 million in solar financing for the thin-film solar panel factory.

The total cost of the solar factory could exceed $200 million and employ hundreds.

Solexant aims to lower the cost and increase panel sizes by printing solar receptors on rolls of backing material. This is an alternative to "growing" crystalline silicon ingots and cutting them.

Solexant has discovered a way to use nanocrystallization to put semiconductive material into ink. This will reduce the cost of building solar panels, reducing the overall cost to property owners going solar.

The factory, after being built, should produce 400 megawatts of solar annually.

During the first solar financing rounds, Solexant raised $22.5 million in capital. Olympus Capital Partners led the 3rd round of solar financing.

In addition, Oregon Energy Department certified Solexant for a tax credit to cover $37.5 million in eligible start-up costs. Solexant is also looking for a $25 million solar loan from Oregon. If the loan is approved, it will be the largest extended by the state.