Standard Solar Inc., a full-service solar developer, installer and financier, has partnered with Sol Systems, a solar renewable energy credit (SREC) aggregator. The partnership will help make alternative energy solutions more affordable for Standard Solar customers, according to the companies.
Through Standard Solar's partnership with Sol Solutions, customers will have access to competitive SREC pricing and the resources to secure the maximum benefit from their SRECs. Through one SREC program, Sol Upfront, customers can receive immediate financing for their systems. Sol Systems will purchase all estimated SREC production for a 10-year period, providing customers with a one-time, lump-sum payment that can be used to pay off installation costs.
The Sol Annuity SREC option allows customers to lock in the current SREC rate and receive payments for each full SREC produced. This gives customers reliable, quarterly payments as solar energy is generated, the companies explain.
SOURCE: Standard Solar