Sol Systems Named #91 in Fastest Growing Companies in the U.S. by Inc. Magazine
WASHINGTON, Aug. 22, 2013 /PRNewswire/ -- Sol Systems is proud to announce that Inc. listed the solar finance firm as number 91 on its annual Inc. 500|5000 list, an exclusive ranking of the nation's fastest-growing private companies. Sol Systems was ranked No. 2 for Washington, D.C., and No. 8 in the nation's top energy companies.
"We are honored to make the top 100 on Inc. 500's exclusive list and rank among such an esteemed group of entrepreneurs," said Yuri Horwitz, CEO and founder of Sol Systems. "At Sol Systems, our number one asset is our team, and this honor is the direct result of our talented, sharp team working together to successfully create innovative financing solutions that propel the solar industry forward."
Sol Systems grew by 3,716% between 2009 and 2012 and has been profitable since the company's inception in 2008. The renewable energy financial services firm has doubled its team of solar project finance professionals in the last year, and plans to hire an additional 10 employees within the next year to support the growth of its financing business for commercial solar projects.
As a renewable energy financial services firm, Sol Systems works closely with its investor clients to help them deploy capital in the renewable energy asset class. The firm also provides developers with financing solutions for their distributed generation projects, with a special focus on mid-sized commercial solar. In the last three months alone, the firm has facilitated financing for 10 commercial solar projects, ranging from 225 kW to 1.2 MW in size. To date, Sol Systems has facilitated financing for about 55 megawatts of solar capacity. The firm also manages solar renewable energy credits for nearly 3,900 solar energy system owners, investors, and developers.
About Sol Systems
Sol Systems is a boutique financial services firm that offers investor clients direct access to the renewable energy asset class and provides developers with sophisticated project financing solutions. Founded in 2008, Sol Systems focuses on meeting the most critical needs of the industry, including SREC monetization, capital placement, tax equity, and New Market Tax Credits. To date, the company has facilitated financing for thousands of projects and hundreds of millions in investment on behalf of Fortune 100 companies, private equity, family offices and individuals. For more information, please visit www.solsystemscompany.com.
SOURCE Sol Systems