A Standard Solar Contract is Developed

A Standard Solar Contract is Developed
Posted: 13 Dec 2013
Authors:
Paul Schwabe and Travis Lowder
Primary Committee:
IEEE Smart Grid Newsletters
Pages: 2

The U.S. solar industry represented a $11.5 billion market in 2012; more than 300,000 systems are in place. With new and more creative financing options, the market could grow even faster and be larger. A working group launched by the Energy Department through its National Renewable Energy Laboratory aims to lower the cost of capital for solar projects by standardizing contracts so that contractual elements like lease payments can be bundled and traded as investment products.

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