SANTA BARBARA, Calif., Jan. 9, 2014 /PRNewswire/ -- Wiser Capital, a financial services firm that enables new sources of capital to participate in the funding of financially attractive, stable and secure sources of renewable energy projects, has announced a structured deal with Sandler O'Neill. The deal will dramatically increase the number of transactions Wiser Capital handles annually and provide a larger pool of financing for the rapidly growing mid-scale commercial solar sector.
Wiser Capital recently launched the country's first online platform for efficient sourcing, scoring and direct funding of mid-scale commercial solar projects. The platform offers a secure, centralized marketplace connecting key stakeholders — energy investors, host facilities and photovoltaic (PV) systems integrators — in the asset class comprised of these sustainable energy projects.
The deal will allow Wiser Capital to serve a larger audience of potential host facilities, and inject more capital into that mid-scale market for the entire industry.
"We are now poised to secure more solar on commercial property and provide a larger pool of financing for an integration community that's starving for funding," said Nathan Homan, Managing Partner at Wiser Capital. "This deal will ultimately mean lower cost power for host facilities, more business growth for the integrators, and the creation of more jobs for Americans."
The deal is also a critical step for Wiser because of the vital role that community banks can play in transforming financing for solar projects. Distributed generation (DG) commercial solar projects, with sizes ranging from 50 kilowatts to 2 megawatts, are currently underserved by financial institutions and are an ideal asset class for credit starved community banks. The projects generally fall into the preferred financing range for community banks, with individual funding requirements between $250,000 and $5 million.
"This is a prime space for community banks. It's a perfect time for them to be aggressive in the marketplace, seize an opportunity to release money into the economy and invest in projects in their own backyards," Mr. Homan said.
Community banks interested in learning more about financing solar projects can view Wiser Capital and other industry leaders on an upcoming National Renewable Energy Laboratory (NREL) sponsored webinar, titled Banking on Solar. Details on the webinar's date and agenda will be sent to banking industry leaders, their trade groups and banking regulators.
For media inquiries, please contact Kris Kagel at 973-850-7312 or firstname.lastname@example.org.
About Wiser Capital
Wiser Capital is a financial services firm based in Santa Barbara, Calif., that enables new sources of qualifying capital to participate in the funding of financially attractive, stable and secure sources of renewable energy, with an innovative direct investment vehicle for third-party financed medium-scale commercial photovoltaic (PV) energy projects. Wiser Capital facilitates growth in this market through its deployment of a proprietary, web-based online platform that provides robust, transformative and disruptive tools to accommodate the sales, development and financing sectors of the industry. For more information, please visit www.wisercapital.com.
SOURCE Wiser Capital