WASHINGTON, D.C. - The Solar Energy Industries Association (SEIA) announced today the release of two documents designed to spur investment in commercial solar projects. The first document is a contract that combines the benefits of a Power Purchase Agreement (PPA) with Property Assessed Clean Energy (PACE) to provide customers with a valuable new financing option.
The Commercial and Industrial (C&I) sector represents an extraordinary opportunity to deploy solar energy, but has experienced relatively slow growth due to a wide range of complexities in ownership structure, creditworthiness of the end-consumer, and other issues. The Solar Energy Industries Association (SEIA) and an array of industry experts – convened as the SEIA Finance Initiative and its Commercial Real Estate working group – investigated the opportunity, associated barriers, and potential solutions of this underserved market. The culmination of the effort is a valuable whitepaper: Expanding Solar Deployment Opportunities in the C&I Sector: An Introduction to Property Assessed Clean Energy (PACE).