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Expanding Solar Deployment Opportunities in the C&I Sector

Expanding Solar Deployment Opportunities in the C&I Sector

Full Title: Expanding Solar Deployment Opportunities in the C&I Sector
Author(s): SEIA Finance Initiative and Commercial Real Estate Working Group
Publisher(s): Solar Energy Industries Association
Publication Date: November 1, 2016
Full Text: Download Resource
Description (excerpt):

Despite enormous market opportunity, strong interest in corporate responsibility, and improving economics, solar deployment in the commercial and industrial (C&I) sector has been largely stagnant over the past 5 years.

The complexities of opening the C&I sector to broad solar deployment are based on a range of inter-related issues, including: the manner in which U.S. commercial real estate is often leased, which creates a “split incentive” among real estate owners and building tenants; unrated credit among small commercial entities; a lack of “tax appetite” or ability to monetize tax credits and depreciation benefits that are critical to solar project cost-effectiveness; and constraints of cash to invest in solar and other energy production or saving investments.

Property Assessed Clean Energy (PACE) is a financial tool that can overcome many of these barriers. PACE for commercial buildings, or C-PACE, has been approved via enabling legislation in 33 states and the District of Columbia. 40 distinct programs are now being implemented across 19 states.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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