Search NASA⌕ Search

SEARCH · Search NASA

Results for “financing solar”

Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 19 records

Solar Finance and Ownership Options

Communities facing specific solar project development opportunities or proactively planning their solar development strategies will need to have a basic understanding of solar financing and ownership options. How solar is financed and owned has large implications on how the solar project impacts local economic benefits, risk, and capital needs. This fact sheet provides a brief introduction to these considerations for local officials and community constituents to familiarize them with how local benefits and risks contrast across the basic ownership structures available.

14 SOLAR ENERGY↗

Power now, pay later: the evolution of U.S. residential solar financing

Most U.S. residential rooftop solar customers finance their solar purchases through loans or by buying power from third-party owned systems. Prior research demonstrates how third-party ownership (TPO) models such as leases emerged in the early 2010s and accelerated solar adoption by low- and moderate-income households while driving market concentration in the installation industry. Since 2015, loans have emerged as a prevalent financing alternative, but the potential effects of loans on the customer base and industry remain understudied. Here, we fill that research gap by developing a methodology to identify loan-financed and third-party owned systems in a household-level solar adopter data set. The data suggest that loans accounted for increasing solar market shares from 2017 until reaching as high as 70% in 2022, but that the market has since shifted back to TPO. The data show that TPO adopters in our sample earned about 16%–18% less and loan recipients earned 3%–7% less, at the median, than customers who self-financed systems. These results reaffirm prior research showing that TPO has accelerated low- and moderate-income adoption and that loans have likewise expanded the customer base to a lesser extent. The results suggest that loan-financed systems entail around a 16%–26% price premium that is only partly explained by loan fees. Finally, the data suggest that the emergence of loans has likely reduced market concentration in the rooftop solar industry.

financing↗

Bringing Low- and Moderate-Income Solar Financing Models to Scale (Final Technical Report (FTR))

In this final report, the Clean Energy States Alliance(CESA) and its project partners describe their work to accelerate the development of solar projects for three distinct subsets of the low- to moderate-income(LMI) solar market: single-family homes, manufactured homes, and community institutions, including multifamily affordable housing. For each market sector, the project team undertook research, outreach, and market-building activities. By advancing promising LMI solar financing innovations for different housing types and spreading them to new locations, the Scaling Up Solar for Under-Resourced Communities project has built momentum to scale up LMI solar. Although the report describes some research pertaining to solar adoption in LMI communities, this project was original in that it focused on two specific models to tackle single-family homes and community institutions. Until this project, very little research dedicated to solar for manufactured homes existed. For each market sector, the project team undertook research, outreach, and market-building activities. For the single-family homes sector, the project encouraged states to adapt a program model based on a successful Connecticut initiative that has brought solar to thousands of LMI homeowners. For manufactured homes, the project analyzed the potential for using solar for that housing sector and worked with states, utilities, and other stakeholders to launch pilot projects or programs. For community institutions, the project team worked with foundations, lenders, and community service organizations to inventory, analyze, and communicate models for philanthropic investment that accelerate the deployment of solar and solar+storage in multifamily affordable housing, health centers, and other LMI-serving community institutions.

14 SOLAR ENERGY↗

Accessible Training and Shared Capitalization Platforms for Low-Income Solar Finance

From March 2020 through November 2023, the University of New Hampshire Carsey Center for Impact Finance and its partners worked to create accessible training programs and shared capitalization platforms to enable community finance institutions – such as credit unions, community banks, and Community Development Financial Institutions (“CDFI”s) – to expand their engagement in solar finance in low-income communities.

14 SOLAR ENERGY↗

Financing Solar + Storage for Small Businesses in Underserved Communities

Solar and solar and battery storage deployment is under-utilized by businesses in low-income and disadvantaged communities, in large part due to system costs and limited or complicated financial options. This document summarizes existing financial tools, discusses important financial barriers, and identifies emerging programs and opportunities to address these barriers.

battery↗

Flexible Financial Credit Agreements: NREL Low- and Moderate-Income Solar Flexible Financing Credit Agreement Rubric

Flexible Financial Credit Agreements is a broad term used to describe a suite of solar products with innovative features not currently offered in traditional solar financing programs. The NREL Low- and Moderate-Income Solar Flexible Financing Credit Agreement Rubric brief document is designed to help evaluate innovative strategies for increasing the accessibility of solar and increasing adoption among LMI households. The rubric is modeled after a version developed to support plug-in electric vehicle policy adoption (NASEO and Cadmus).

ENERGY PLANNING, POLICY, AND ECONOMY,SOLAR ENERGY↗

Flexible Financial Credit Agreements: Solar Revenues to Retire Arrears

Flexible Financial Credit Agreements is a broad term used to describe a suite of solar products with innovative features not currently offered in traditional solar financing programs. This brief focuses on the Solar Revenues To Retire Arrears model, in which utilities utilize solar revenues to retire utility debts for customers behind on payments.

community solar↗

Bringing Solar to BIPOC Houses of Worship - Solar Energy Innovation Network (Final Technical Report)

As is well documented in the research, there is a great disparity of where solar is installed in the US based on race and ethnicity. Black, Indigenous and People of Color (BIPOC) communities have significantly less solar power installed on average than non-BIPOC communities. However, when solar installations do occur in BIPOC communities, the rate of subsequent adoption by neighbors is faster on average than in non-BIPOC communities. In addition, nonprofit organizations, such as houses of worship, have limited access to solar financing options. The goal of this initiative by RE-volv, Interfaith Power & Light, and Green the Church is to help BIPOC-led houses of worship go solar, and in doing so, demonstrate the benefits of solar energy to their community. This report details the progress achieved during the contract term of February 2022 through May 2023.

14 SOLAR ENERGY↗

Community Planning for Solar: Compiling a Community Solar Action Plan

This document provides an annotated outline for a Community Solar Action Plan. This document is designed to assist community officials, volunteers, and regional planning agency staff in preparing a draft Community Solar Action Plan for a municipality, community, or other jurisdiction. Preparing a Community Solar Action Plan is the fifth step in the Community Planning for Solar process (ag.umass.edu/solarplanning). The plan is intended to be the culmination of the planning process. The contents of the plan will include summaries of information gathered as part of foregoing steps in the process, including completion of a Solar Resource and Infrastructure Assessment, administering of a Community Solar Survey, interpretation of survey results, and review of Solar Financing and Ownership Options and tools. Once the Community Solar Action Plan has been drafted, it should be reviewed by municipal board and commission members and presented at an open community forum. Any important comments or revisions can be incorporated before the final Community Solar Action Plan is approved and implemented. The approved Community Solar Action Plan is a living document that guides community solar planning action over time. As conditions change, new information becomes available, or actions progress over the life of the plan, adjustments may be necessary to maintain the plan's relevance. The Monitoring, Evaluating, and Updating Your Community Solar Action Plan fact sheet (Step 6, Item a) describes some things to consider when updating the Community Solar Action Plan over time.

14 SOLAR ENERGY↗

Flexible Financial Credit Agreements: Tariff On-Bill Financing (TOBF)

Flexible Financial Credit Agreements is a broad term used to describe a suite of solar products with innovative features not currently offered in traditional solar financing programs. This brief focuses on the Tariff On-Bill Financing (TOBF) model, in which utilities use a tariff to enable customers to pay back the cost of a solar panel without credit or income level conditions.

Flexible Financial Credit Agreements↗

Flexible Financial Credit Agreements: Employer-Sponsored Solar Benefits

Flexible Financial Credit Agreements is a broad term used to describe a suite of solar products with innovative features not currently offered in traditional solar financing programs. This brief focuses on businesses providing financial and structural support to allow their employees the opportunity to benefit from solar PV generation.

community solar↗

Community Planning for Solar: Toolkit Overview

UMass Clean Energy Extension (CEE) and its partners have designed the Community Planning for Solar Toolkit to help municipalities in Massachusetts and throughout the Northeast proactively plan for solar PV development in their communities. The tools and processes are designed with rural and suburban communities in mind, though some of the tools may also apply to urban settings. Community Planning for Solar empowers community residents and officials to take the lead in solar development by providing communities with the resources that can help them to: (1) Identify and prioritize locations in the community for solar development; (2) Evaluate various solar financing options and provide guidance on community benefits that best match community goals and needs; (3) Assess their community's unique resources, solar development options, goals, and preferences regarding solar development; (4)Develop a Community Solar Action Plan.

14 SOLAR ENERGY↗

Montana Community-Scale Solar Strategy Project (Final Technical Report)

Grid-tied solar photovoltaic (PV) development began gradually in Montana, initially taking root in the early 2000s, largely in the form of small residential systems, rarely larger than two kilowatts. Utility support for solar technology through public benefit funding triggered the installation of the state’s first solar PV installations on community-owned facilities including schools, libraries, fire stations and local government buildings in the mid-2000s. By 2016, solar PV installations totaled approximately 28 megawatts of installed capacity, generating less than 0.05% of electricity sold in Montana. Montana’s solar fleet in 2016 included 17 megawatts of utility-scale solar farms, and three shared solar projects developed by rural electric cooperatives that ranged from 25 to 50 kilowatts in size. However, with only 3,000 households utilizing solar PV, either through an on-site installation or participation in a shared solar project, the potential benefits and reach of solar technology was limited. The Montana Solar Community Project (MSCP) was developed by the Montana Energy Office (MEO) at the Department of Environmental Quality in order to implement a “community-scale” solar energy strategy for the state that would cost-effectively expand Montanans’ access to solar PV. This project defines three types of community-scale solar projects: shared solar, community-sited solar, and group purchasing programs. The MSCP project conducted research and stakeholder engagement that helped to inform and develop model community-scale initiatives and an overarching community-scale solar strategy for Montana. Specifically, the project included a solar market assessment, stakeholder meetings across Montana, development of a menu of community-scale solar options, a study of solar potential on schools, community solar market research, and community-scale project implementation support. MSCP activities were successful in implementing solar projects and supporting solar development in communities across Montana. Project activities realized 280 kW of newly installed solar from two solarize programs, a shared solar array at a rural electric cooperative, and a solar array atop a Bozeman high school. The community-scale project implementation support and Solar on Schools components of the project resulted directly in the analysis and design of nearly 2 MW of distributed solar systems across the state. The Solar on Schools analysis alone produced solar designs for 25 schools, representing 920.8 kW of solar potential. Many of the deliverables from this project provide guidance on future development of community-scale solar in Montana, and resulted in a number of important conclusions about community-scale solar in Montana. There is strong interest in community-scale solar in Montana, as noted during stakeholder meetings, in response to solar market research surveys, and as seen by applications for implementation support grants provided by MEO. Project activities also suggest that Montanans demonstrated a desire and need for more information about solar energy technology, solar financing options, and the state’s policy and regulatory framework. Additionally, the project found that schools will be key partners for future community-scale solar programs. In addition to being excellent hosts for solar arrays, schools have the opportunity to use the installation of a solar array to develop educational materials and curricula to educate Montana’s future leaders about these technologies, which can be shared and replicated across the state. Project activities laid a clear path forward for solar energy in Montana. Certain activities have concrete next steps. For example, numerous solar arrays were designed for schools and other public buildings around the state. Many of those designs will be used as soon as funding becomes available. Other activities have less developed next steps, though lay the foundation for future work. The solar market assessment, solar market research, and community stakeholder meetings are good examples. These documents can be used as stepping stones to increase renewable energy education, increase stakeholder outreach, and support communities as they seek to develop community-scale solar projects.

14 SOLAR ENERGY↗

Flexible Financial Credit Agreements: Low-Interest Secured Flex Loans (LISFL)

Flexible Financial Credit Agreements is a broad term used to describe a suite of solar products with innovative features not currently offered in traditional solar financing programs. This brief focuses on a flex loan program that offers a no- or low-cost capital source to bridge the gap between the initial installation cost and the ultimate receipt of tax credits and energy savings. This program also provides low interest rates, for affordability, as well as a pre-funded debt service reserve account (DSRA), and is secured by the solar PV asset.

ENERGY PLANNING, POLICY, AND ECONOMY,SOLAR ENERGY↗

Flexible Financial Credit Agreements: Blockchain

Flexible Financial Credit Agreements is a broad term used to describe a suite of solar products with innovative features not currently offered in traditional solar financing programs. This brief focuses on blockchain, which is a highly secure, decentralized cryptographic technology that verifies transactional data and stores it on all participating computers in an immutable ledger. Blockchain is best known for its first application in the creation of Bitcoin cryptocurrency, but its principles offer a basis for innovation in a variety of industries where the complexity of transactional data is better suited for secure, decentralized management.

blockchain↗

Safely Exploring Solar: A Guide for Austin Energy Customers

It's easy to get overwhelmed as you start to explore your solar options. There is a wealth of information available out there, particularly online, and it can be hard to know who to trust. This informational guide has been adapted from Austin Energy's Solar Education Course and other national best practice resources, as of May 1, 2023. It will help you understand some of the key concepts and resources available to help you on your solar journey if you have a home in Austin Energy's service territory and are considering installing solar. This document includes: (1) Austin Energy Programs and Services Related to Solar; (2) Tips for Spotting a Solar Scam; (3) Things to Know When Designing Your System; (4) Key Considerations When Shopping for a Solar Contractor; and (5) Final Takeaways.

14 SOLAR ENERGY↗