Adam Capital Clean Energy Asset Finance LLC has agreed to extend $8 million to finance solar projects in California, Oregon, Texas, and throughout the NE United States. The funds will be used to install approximately 600 residential solar electric systems using new financing programs the company has designed that allow developers to own and maintain their own lease programs.

Using government-mandated rebates and investment tax credits as collateral, Adam Capital financing programs allow behind-the-meter solar installers to offer residential systems in the US for no money down and immediate savings to the customer in many markets. The new financing allows developers to offer their own internal leasing and collect monthly cash payments for the life of the lease on each solar system they install, becoming true investors in their work.

“We’ve seen a lack of adoption in the residential solar market, in part because 3rd party leasing companies are taking the bulk of the profits, which leaves developers out. So we built these programs to keep profitability in the hands of the developers,” says Larry Farris, Investment Operations Lead at Adam Capital. “We’ve developed loan structures and procedures specifically designed to serve North American residential solar developers. We can now underwrite, document and close deals so developers can get their money in less than two weeks. And once the project is built, they can keep getting paid every month for the life of the system.”

“We’re excited to see the traction these new solar investment programs are getting. Our ability to employ $8 million in a single transaction shows the market growing and developers embracing this program. Our team is constantly innovating and coming up with new high value products for the North American clean energy marketplace,” says Adam Boucher, CEO of Adam Capital. “By providing financial and tax solutions for investors, installers and customers, we’re truly moving the market on clean energy.”