Spruce Finance, which provides consumer financing for residential solar and energy efficiency projects, has raised a total of $445 million in tax equity and project debt transactions to support its activities in 2017.
The latest report from the respected national lab finds that even if – big if – behind-the-meter solar is raising the rates of other utility customers, the impacts are tiny, especially compared to other activities.
Comments filed by AEEI and SolarCity on the Supplemental Distribution System Implementation Plan (DSIP) say utilities should do more to get ready for and assist with the integration of distributed renewables and storage, and AEEI says utilities should go back to the drawing board.
Vivint Solar has started 2017 on a high, with the closing of $303 million in new financing from a total of five different investors, which will allow the company to repay existing borrowing and install a number of new residential systems.
It was not a pretty year for solar finance, but some sectors remained unscathed.
Exactly three weeks after significantly altering net-metering in ways that could stunt future solar growth in the state, the Arizona Corporation Commission voted 4-1 to amend the way it will grandfather current solar customers under the new rules to remove a two- to three-week penalty the ruling accidentally imposed.
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