Adam Capital's Commitment:
Adam Capital is committed to addressing America's energy, economic, and environmental challenges. We regularly participate at major solar industry events to share our expertise and experience helping rooftop-scale clean energy developers avoid pitfalls, overcome funding gaps, and enhance profitability.
Financing for the distributed-generation clean energy market involves complex structures, shifting tax and rebate programs, and enormous regulatory compliance. We strive to keep the industry informed and up to date through regular speaking engagements, publications, webinars and training.
Webinar: Financing Community-Scale Solar
In December, 2011, we partnered with our friends at Sustainable Industries to host a webinar addressing some of the challenges and creative solutions to funding community-scale solar projects. Three expert panelists - Adam Boucher of Adam Capital, Greg Saunders of Tioga Energy, and Matt Scullin of New Resource Bank - offered unique perspectives on the market, as well as examples of how lenders, banks and solar companies can form creative partnerships to get the money where it needs to go in building a diverse, resilient clean energy industry.
Renewable Energy Markets Conference: Scaling Up Solar
In this panel presentation Adam Boucher joined solar developers from around the country in a lively discussion of creative financing models for scaling up distributed solar. Ben Foster, from Optony spoke about bundling commercial projects in San Francisco. Joy Hughes of the Solar Gardens Institute shared her success implementing community solar gardens around the country. And Meg Denney, of Community Energy spoke about effective solar marketing strategies to consumers. Drawing on his experience with many diverse projects Adam talked about our asset-based lending model as a key innovation in the market for getting upfront capital to clean energy developers.
Solar Finance Summit - March 2010
The Solar Finance Summit was a training series designed specifically to help distributive scale residential and commercial roof top solar developers maximize income, compress time frames, and implement cutting edge business success strategies. The Solar Finance Summit was led by the Adam Capital team and featured industry experts with direct experience in this niche.
- Session 1. Maximize Profitability & Minimizing Consumer Costs
- Stacking incentives: Local, ITC, depreciation. Making the choice, PBI vs. Upfront Incentives: Present value calculations vs. cost of funds. Structuring the transaction to maximize federal incentives: Decision matrix for ITC and depreciation. Introduction to internal and external project financing options.
- Session 2. Internal Financing: Enhance Your Profitability
- Why internal financing? Who owns the equipment? What's the source of the money to lend? Identifying the best clients for financing, pricing from the client's perspective. How financing can maximize profitability for developers. Structuring the internal finance offering, ITC and depreciation constraints in regard to internal financing.
- Session 3. Internal Leasing: Enhance Your Profitability
- Why internal leasing, who owns the equipment, where do I get the money to pay for the equipment, who are the best clients for leasing, pricing a lease from your client's perspective, multiple entity structures, utility concerns, how does leasing maximize my profitability as a developer. Where does a developer go for installation funds?
- Session 4. Internal Leasing: Enhance Your Profitability II
- Consumer vs commercial clients, truth-in-leasing compliance, multiple entity structures. Analysis of how residential leasing can maximize profitability. ITC and depreciation constraints in regard to leasing.
- Session 5. Financial Analysis I
- The link between technical design and financial analysis
- How to calculate solar revenue
- How to calculate solar costs
- Session 6. Financial Analysis II
- The effect of subsidies, timing, and rate escalation (sensitivity analysis) - Identifying market opportunities
- Designing for optimized project value
- Session 7. Depreciation Tax Equity: Tips & Traps
- Raising investor money through selling depreciation losses. Basis, at-risk, and the investor perspective. Calculating discounted yield, tips, traps, and practice hints.
- Session 8. Investment Tax Credit: Tips & Traps
- What do we do after the ITC Grant goes away? Qualifying properties, qualifying entities, first in use, section 263 basis, tips, traps, and practice hints.
Adam Boucher, CEO, Adam Capital
Larry Farris, Director of Loan Operations, Adam Capital
Wallace Glausi, JD, LLM Tax, Partner, Ater Wynne (law)