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What Happened When I Bought A Home With Sunrun Solar Panels
Sunrun finances its initial costs by taking on debt and raising capital from what are called tax equity investors. Only a few dozen companies have the appetite for tax credits and financial sophistication to be in this pool, including Google, JPMorgan Chase, and General Electric, says Joe Osha, an analyst who covers energy technology at JMP Securities LLC. They invest in Sunrun not to generate significant cash returns but to reap tax benefits
solar  finance  esco  iot  ovum 
2 days ago by yorksranter
What Happened When I Bought A Home With Sunrun Solar Panels
Third-party ownership and decades-long contracts can create real headaches.
Solar  house  leases  article  Bloomberg 
3 days ago by NightOwlCity
What happened when I moved into a house that had solar panels • Bloomberg
Esmé Deprez:
<p>The solar array was a modern addition to a property that otherwise hadn’t changed much since 1950, when the late owner, Michael “Jug” Jogoleff, moved into the home’s 948 square feet as a preschooler with his mother and aunt, transplants from Iowa. He never moved again. He grew tall and barrel-chested and remained a lifelong bachelor, becoming a neighborhood fixture who organized block parties. His décor reflected his obsession with all things electronic, in particular ham radio. “Radios and computers were packed into every available square inch of space he could find,” and “his roof bristled with every form of antenna,” Santa Barbara’s amateur radio club wrote after he died of cancer at the age of 70 in January 2017. “He was the consummate ‘ham’ and could build anything—and did! Amateur radio has lost one of the last of the ‘real hams.’”

Two days after walking through Jug’s ham shack, we made an offer. A week later, just before we entered escrow, we learned the solar array hadn’t belonged to Jug. It was, in the language of the industry, a third-party-owner, or TPO, system, belonging to Sunrun Inc., the largest provider of residential solar in the U.S. I started looking into the TPO model. It’s used less often than it once was, but it’s been important in making residential solar, once out of reach for most people, much more widespread. The reason is simple: homeowners usually pay nothing upfront. A company like Sunrun puts solar panels on your roof, connects them to your home, and claims a tax benefit for owning the system. Going forward, you pay Sunrun to provide the bulk of your electricity needs instead of your utility.

I’d soon learn that the system was tied to the title of the house. It appeared that if we bought Jug’s place, we’d have to assume his lease arrangement with Sunrun. I wasn’t sure how I felt about this as a buyer, but it definitely piqued my curiosity as a journalist. I set out to examine the value proposition carefully.</p>

A good thing she did: third-party ownership is pretty poisonous, especially when it comes to selling (or buying) a property. There's a lot to this article, which digs deep into what's happening with this model - much of it built on unreliable financial promises. Solar works, but capitalism about the future sometimes doesn't.
Solar  finance 
3 days ago by charlesarthur
CommonWealth Magazine
A SAN FRANCISCO COMPANY participated in this week’s New England electricity auction, agreeing to provide 20 megawatts of power from its 5,000 customers in the region.
Commonwealthmagazine  solar  sunrun  forwardcapacityauction 
3 days ago by eversourcenh
Vast swarm of homes with solar-battery systems poised to act as 'virtual power plant' in New England |
A network of around 5,000 solar- and battery-equipped homes in Massachusetts, Rhode Island, New Hampshire and Vermont could soon be funneling power back into the grid at times when it's most needed.
MassLive  solar  iso-ne  forwardcapacityauction 
4 days ago by eversourcenh
Sprague Energy Looks To Grow Past Fossil Fuels With Flexible Solar Panels On Oil Tanks | New Hampshire Public Radio
New Hampshire-based oil and gas distributor Sprague is getting into the renewable energy business – and they hope new solar panels on their storage tanks are only a first step.
nhpr  solar  renewableenergy 
4 days ago by eversourcenh
Tryst Energy by TWTG
In the world of tomorrow everything is connected through the Internet of Things. We're building this world today. And today is finally the day you don’t need batteries anymore. Imagine charging your sensors with only 200 lux Light Energy in 4 hours (which is nothing) and connect them for 24 hours (which is amazing). This is less than the light you'll find beneath your desk.

Tryst Energy is about removing the elephant in the room nobody is talking about, in other words: getting rid of the battery that needs to be charged / replaced / maintained. Hello always-online and zero-maintenance. Energy harvesting, but with the tools that really work - today.
iot  energy  internetofthings  battery  solar  harvesting  energyharvesting 
5 days ago by cyberchucktx
NH loses 261 solar jobs in 2018: Report | News |
New Hampshire lost 261 jobs in the solar energy industry in 2018, the second straight year of decline, according to a new report due out Tuesday.
UnionLeader  solar  jobs  Economicdevelopment  renewableenergy 
5 days ago by eversourcenh
Hassan jabs Sununu at solar array dedication in their hometown
Sen. Maggie Hassan came home Friday to highlight her efforts to promote solar energy.
concordmonitor  solar  Hassan  netmetering 
6 days ago by eversourcenh

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