Sol Systems and Dow Solar (of the Dow Chemical Company), have announced a strategic alliance to provide turnkey solar renewable energy credit (SREC) solutions for Dow Powerhouse Solar Shingles customers.
This will allow customers to monetize their SRECs through a streamlined process designed by Sol Systems to improve the financial return on their solar investment.
We are pleased to offer this additional service for our Powerhouse customers. Powerhouse is a smart home investment, but managing all of the available incentives can be cumbersome for homeowners. The alliance with Sol Systems will enable our POWERHOUSE Authorized Dealers to act as a one-stop shop for solar roofing and SREC management, which will differentiate them in their markets. (Yochai Gafni, Market Development Director for Dow Solar)
Sol Systems will provide Dow Solar customers in Maryland, Massachusetts, and Washington, D.C. with the opportunity to lock into SREC contracts. More states are slated to be added soon.
Sol Systems eliminates the administrative burden of monetizing SRECs for its customers and partners by providing access to its proprietary SREC management tool, registering the systems with the necessary state and regulatory bodies, tracking meter readings, and handling all SREC customer service inquiries.
Sol Systems is proud to be working with Dow Solar. The combination of Dow’s innovative product with our SREC monetization execution allows customers to make a smart and easy investment in solar. (George Ashton, CFO of Sol Systems)
Sol Systems is the largest SREC aggregator in the nation and offers a suite of SREC financing solutions to customers in 13 states throughout the Midwest and Mid-Atlantic. In addition to SREC services, Sol Systems provides project financing and structuring expertise to solar developers and renewable energy investors.
We have already talked a bit about solar shingles, but for those of you who missed the previous article here is an update.
The Dow Powerhouse Solar Shingle is a first-of-its kind solar roofing product, developed to combine the benefits of solar technology with the durability and performance of traditional roofing materials. It is designed to install, look and function in a way that has never been done before.
Powerhouse Solar Shingles install like traditional roofing shingles and can be used with new installs as well as retrofits. Powerhouse Solar Shingles are available in select U.S. markets through Dow’s Authorized builders and roofing contractors. The shingles have won several awards for their design, as well as one of TIME magazine’s 50 best inventions. Pretty cool.
Building Integrated Photovoltaic (BIPV) products from Dow Solar are one of the many innovations from Dow establishing the Company on the forefront of alternative energy solutions and expanding Dow’s commitment to using chemistry to solve the world’s energy challenges.
The Dow Powerhouse Solar Shingle was recently honored as a recipient of a 2012 Breakthrough Award by POPULAR MECHANICS, and a 2012 Gold Edison Award for Best New Product.
We agree – these new solar shingles are a tremendous innovation in the ever expanding solar market.