Nov 26 2010
Standard Solar, a total solar installation solutions and services provider for the government, home and business clients, has contracted a joint venture with Sol Systems, a leading solar renewable energy credit (SREC) collecting and combining company. The partnership is focused on providing cost- effective renewable energy solutions for the clients of Standard Solar through SREC purchase and Sol Lease programs of Sol systems.
The solar renewable energy credits (SREC) are important for the house owners and entrepreneurs because they constitute nearly 30% of the installation costs and make the solar installations affordable and cost- effective for them. The joint venture entered by Standard Solar with Sol Solutions will enable its clients to avail cheap SRECs and other support to get most out of their SRECs. Sol Systems will buy all the anticipated SREC generation from the installed systems over a period of 10 years and make a single one time payment, which can be used by the clients in meet out the solar installation costs. The facility also allows the clients to receive full payments on the current SREC rating for every SREC generated thus allowing the clients easy quarterly payments towards the SRECs produced. Sol Upfront an SREC program offered by Sol Systems provides quicker funding services to purchase the systems.
Standard Solar also enables its clients to avail the Sol Lease program of Sol Solutions, which will allow the solar users such as schools, home owners, businesses, churches and other not profit associations to install solar systems without any investment. The Sol Lease Program allows the clients to avail solar power at fixed monthly rates for a contracted period of 10 years.