U.S. Bancorp, SolarCity Create Fund For SolarStrong Military Project

U.S. Bancorp and SolarCity have created a renewable energy tax equity fund that will help to initiate the first phase of project SolarStrong, SolarCity's five-year, nationwide initiative to provide existing privatized military housing with access to solar power.U.S. Bancorp's most recent investment represents an expansion of an ongoing partnership with SolarCity. The partnership first began in 2009 to finance solar projects for U.S. homeowners and businesses.SolarStrong is ultimately expected to create up to 300 MW of solar generation capacity that could provide power to up to 120,000 privatized military family homes. If completed as anticipated, SolarStrong is expected to be the largest residential solar photovoltaic project in American history, according to SolarCity.SolarCity initially sought a U.S. Department of Energy loan guarantee for the project, but the loan guarantee was not finalized in time for the program's deadline. SolarCity and Bank of America Merrill Lynch subsequently agreed to terms on a separate financing agreement for SolarStrong.

SCHOTT Solar PV Inc. has launched a new program called SCHOTT Solar PRO Design Services. The new offering is designed to help installers to reduce costs and time for developing plans, streamline the permitting process, and solve complex design and engineering challenges.The SCHOTT Solar PRO Design Services team of engineers generates PV system designs with optimal array location, orientation, equipment selection and layout to maximize the power output within the site and project specifications.

Final design documents are permit-ready to National Electric Code standards."System developers and integrators tell me that managing the complexities of solar energy system design, engineering and permitting can detract from their core business of developing projects and installing systems," notes Tom Hecht, president of SCHOTT Solar PV. "SCHOTT Solar can fill that gap for developers and installers who don't have an in-house design team or have overflow work that must be managed against tight budgets and deadlines."The specific services include feasibility and preliminary design work (for projects larger than 500 kW), performance modeling, system design and layout, electrical line drawing, design review, and component and balance-of-system product selection.

U.S. Bancorp and SolarCity have created a renewable energy tax equity fund that will help to initiate the first phase of project SolarStrong, SolarCity's five-year, nationwide initiative to provide existing privatized military housing with access to solar power.U.S. Bancorp's most recent investment represents an expansion of an ongoing partnership with SolarCity. The partnership first began in 2009 to finance solar projects for U.S. homeowners and businesses.SolarStrong is ultimately expected to create up to 300 MW of solar generation capacity that could provide power to up to 120,000 privatized military family homes. If completed as anticipated, SolarStrong is expected to be the largest residential solar photovoltaic project in American history, according to SolarCity.SolarCity initially sought a U.S. Department of Energy loan guarantee for the project, but the loan guarantee was not finalized in time for the program's deadline. SolarCity and Bank of America Merrill Lynch subsequently agreed to terms on a separate financing agreement for SolarStrong.

SCHOTT Solar PV Inc. has launched a new program called SCHOTT Solar PRO Design Services. The new offering is designed to help installers to reduce costs and time for developing plans, streamline the permitting process, and solve complex design and engineering challenges.The SCHOTT Solar PRO Design Services team of engineers generates PV system designs with optimal array location, orientation, equipment selection and layout to maximize the power output within the site and project specifications.

Final design documents are permit-ready to National Electric Code standards."System developers and integrators tell me that managing the complexities of solar energy system design, engineering and permitting can detract from their core business of developing projects and installing systems," notes Tom Hecht, president of SCHOTT Solar PV. "SCHOTT Solar can fill that gap for developers and installers who don't have an in-house design team or have overflow work that must be managed against tight budgets and deadlines."The specific services include feasibility and preliminary design work (for projects larger than 500 kW), performance modeling, system design and layout, electrical line drawing, design review, and component and balance-of-system product selection.

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