Archive for April, 2010

Good News for the Phoenix Residential Solar Market

April 29, 2010

The renewable energy market in Arizona just keeps getting  greener and greener! If you live in the Phoenix valley and have been looking to invest in a PV system for your home, there may be some good news for you in the press release below.  .  . And if you’re finally ready to make the move to a career in solar, keep reading!

Adam Capital, Solar Solutions Close $500k Renewable Energy Loan Agreement

(Click here for the original article on renewableenergyworld.com)

Adam Capital offers collateralized loans between $250,000 and $3 million to commercial scale renewable energy developers of Solar, solar Thermal, Wind, Waste to Energy, and Biofules.

SONOMA, Calif.,

Adam Capital Clean Energy Asset Finance, the leading collateral-based lender serving distributive commercial renewable energy developers, today announced the closing of a $500,000 loan with Arizona-based Solar Solutions. Solar Solutions plans to use the loan to install approximately 100 kW of residential solar systems in the Phoenix area.

“The agreement with Solar Solutions is a prime example of Adam Capital’s unique lending model of securing a renewable energy loan primarily by federal grant payments made in lieu of tax credits,” said Adam Boucher, founder and CEO, Adam Capital Clean Energy Asset Finance. “By leveraging federal payments and local utility incentives as a source of collateral and repayment for renewable energy loans we are able to provide small energy developers like Solar Solutions with a reliable source of capital to move forward with project installations.”

“The agreement with Solar Solutions is a prime example of Adam Capital’s unique lending model of securing a renewable energy loan primarily by federal grant payments made in lieu of tax credits,” said Adam Boucher, founder and CEO, Adam Capital Clean Energy Asset Finance.  “By leveraging federal payments and local utility incentives as a source of collateral and repayment for renewable energy loans we are able to provide small energy developers like Solar Solutions with a reliable source of capital to move forward with project installations.”

Most of the rooftop solar systems to be installed and financed with the Adam Capital loan will power all of the homes’ or building’s electrical usage using a net metering agreement with the local utility.  Net metering allows the system to store daytime energy on the grid. The homes’ meter runs backward drawing on the surplus energy stored.  The homeowners pay for any energy used above what has been stored via the net-metered system. Each homeowner pays a nominal $3 to $10 per month for the net metering service.

Adam Capital offers collateralized loans between $250,000 and $3 million to commercial scale renewable energy developers of Solar, solar Thermal, Wind, Waste to Energy, and Biofules. Adam Capital offers developers the ability to provide Internal Financing and Internal Leasing to their clients with 10-200 kilowatt (kW) systems in rebate-rich West Coast markets.  By loaning against a new class of assets—the credits and rebates available for renewable energy production in the federal government’s energy incentive package, combined with existing incentives offered by states such as California and Arizona—Adam Capital can, in many cases, finance up to 100% of the hard costs of a renewable energy project.

eRenewable Resource Institute can get you trained and ready for a new career in renewable energy now as soon as May 24th – when the next PV100 course begins.

eRenewable Resource Institute is the first licensed Private Post-Secondary Education School in the state of Arizona, in partnership with Rio Salado College; a registered-provider of the NABCEP PV Entry Level Exam, providing specialized training in Photovoltaic design and installation.

Visit their website for a complete list of available classes and dates.

www.eRenewableResouce.com or Register by Phone at (480) 446-0400

More Solar Jobs Coming to Arizona

April 13, 2010

The demand for residential solar is rapidly climbing here in the valley of the sun. One of the companies on the frontline of this wave of installations is Salt River Solar & Wind. The company was launched about 15 months ago in Surprise and already has 100 employees and could add as many as 50 more within a month.

According to Mike Fricker, majority owner and general manager of Salt River Solar & Wind LLC, they are scheduled to install 1.2 megawatts of solar panels on homes.

“There’s a lot of people out of work, so it’s a great time to be hiring,” he said.

David Jones, executive director of the Arizona Contractors Association, said there has been a huge increase in association members expressing interest in solar projects.

“I believe contractors in Arizona… are looking for every avenue they can find for a return on investment in their companies,” he said.

This means more companies will be offering solar, and in turn, will need trained workers to fill the gap.

 eRenewable Resource Institute, in partnership with Rio Salado College, can get you trained and ready for a new career in renewable energy now as soon as April 19th – when the next PV100 course begins. 

eRenewable Resource Institute is the first licensed Private Post-Secondary Education School in the state of Arizona, in partnership with Rio Salado College; a registered-provider of the NABCEP PV Entry Level Exam, providing specialized training in Photovoltaic design and installation.

Visit their website for a complete list of available classes and dates.

www.eRenewableResouce.com or Register by Phone at (480) 446-0400

Jump Start Your Solar Career

April 13, 2010

If you have been thinking about adding solar installation to your construction skills now is the time.  Funding for green education is readily available from the unveiling of Vice President Joe Biden‘s   national program to train workers for “green jobs” making public housing more energy-efficient. Labor Secretary Hilda Solis, said $500 million will be distributed as grants for training workers.

With Solar, as with any technology, hands-on experience is essential to your success. But in this hot industry, companies are often requiring advanced education, internships and certification. With all this advanced training requirements, you may be asking yourself, how can I get started?

eRenewable Resource Institute, in partnership with Rio Salado College, will give you the jump start you need to get into a high-paying green job. Their PV100 workshop in solar design and installation will give you the fundamentals you need to work safely and effectively with PV (photovoltaic) systems. It also will train you to design residential-sized, code compliant, and grid-tied systems.  Next workshop begins April 19th and you can register online at their website: www.eRenewableResource.com.  Enrollment is limited.

Taking this workshop qualifies you to take the NABCEP PV Entry Level Exam administered through Rio Salado College.

eRenewable Resource Institute is the first licensed Private Post-Secondary Education School in the state of Arizona, in partnership with Rio Salado College; a registered-provider of the NABCEP PV Entry Level Exam, providing specialized training in Photovoltaic design and installation.

You can visit their website for a complete list of available classes and dates.

www.eRenewableResouce.com or Register by Phone at (480) 446-0400


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