WASHINGTON, Jan. 24, 2012 /PRNewswire/ -- Sol Systems, the oldest and largest solar renewable energy credit (SREC) aggregator in the nation, is pleased to announce Sol Annuity 10, a new product for Massachusetts solar photovoltaic (PV) projects. Sol Annuity 10 provides a price of $200 per SREC guaranteed for 10 years for any PV system located in Massachusetts. Customers that lock in this price will not have to worry about a potentially volatile SREC spot market as supply increases, nor the risk associated with the Massachusetts Clearinghouse.
"Our team is continuously identifying new ways we can facilitate solar project development," said Yuri Horwitz, CEO of Sol Systems. "Long-term SREC offers in MA have been few and far between. This is one of the first 10-year SREC offers to hit the MA market. Moreover, it eliminates the concern many solar developers and investors have about the Massachusetts Clearinghouse not clearing in a given year. Sol Annuity 10 provides a stable and predictable SREC cash flow regardless of market dynamics."
Space under this offer is limited, and interested parties should contact Sol Systems for more information. Projects that have been constructed or will be constructed in the near future will be given preference.
In addition to this offer, Sol Systems also offers a 3-year fixed price contract, upfront SREC financing, and spot solutions for MA customers. Sol Systems also offers solar project financing through its SolMarket platform.
About Sol Systems
Sol Systems is a Washington, D.C.-based solar energy finance and development firm that was built on the principle that solar energy should be an economically viable energy solution. Sol Systems enables solar developers, homeowners, and businesses to fully realize the value of their solar energy systems by providing them with a range of options for selling their SRECs. To date, Sol Systems has helped over 2,500 customers with projects ranging from 1 kW to a few mega-watts in size. Sol Systems currently operates in 13 states and has partnerships in place with hundreds of solar installers and developers.
In addition, Sol Systems recently launched SolMarket, an online solar community that matches solar developers and investors. SolMarket currently has over $1.65 billion in aggregate investor partner funds, a significant portion of which is targeted at Massachusetts projects.
Director of Strategic Partnerships
Sol Systems, LLC
SOURCE Sol Systems