NREL Assembles Industry Group to Explore Solar Lending Potential

May 8, 2014 By Linda Hardesty

The Energy Department’s National Renewable Energy Laboratory (NREL) recently convened the Banking on Solar working group to engage lenders and other stakeholders to address financial barriers for the installation of rooftop solar systems.

Banking on Solar comprises more than 60 members representing the solar, banking, legal, regulatory, and financial industries. The group’s principal effort is to standardize contracts and underwriting processes, as well as educating banks and regulators about the risks and rewards of the solar asset class.

The Banking on Solar working group is operating in parallel with the SunShot Initiative-funded, NREL-led Solar Access to Public Capital (SAPC) working group. SAPC is designed to facilitate capital market investment via securitization.

Banking on Solar participants include:

  1. Admirals Bank
  2. AFC First Financial Corporation
  3. American Bankers Association
  4. Bank of America Merrill Lynch
  5. Blank Rome LLP
  6. Bloc Power
  7. Bridge Bank
  8. Callahan & Associates
  9. Capital City Bank
  10. Capital Fusion Partners
  11. Citi
  12. City University of New York
  13. Clean Fund
  14. CleanPath
  15. Clean Power Finance
  16. The Climate Bonds Initiative
  17. Coalition for Green Capital
  18. Community Development Financial Institutions Fund
  19. Congressional Bank
  20. Connecticut Clean Energy Finance and Investment Authority
  21. Digital Federal Credit Union
  22. DLA Piper
  23. Energi
  24. Energy Programs Consortium
  25. Energy Sense Finance
  26. Enphase
  27. Environmental Defense Fund
  28. Greater Cincinnati Energy Alliance
  29. Harcourt Brown & Carey
  30. HelioPower
  31. Independent Community Bankers of America
  32. Kilowatt Financial
  33. K&L Gates LLP
  34. Latham & Watkins LLP
  35. Lawrence Berkeley National Laboratory
  36. LendKey Technologies
  37. M-Core Credit Corporation
  38. McHenry Savings Bank
  39. MJM Consulting
  40. Mosaic National Cooperative Bank
  41. Nautilus Solar
  42. New York Green Bank
  43. New York State Energy Research and Development Authority
  44. NextEra Energy
  45. OneRoof Energy
  46. Patton Boggs
  47. PNC
  48. R&R Consulting
  49. Rabobank
  50. Renovate America Inc.
  51. Rocky Mountain Institute
  52. Sandia National Labs
  53. Self Help Credit Union
  54. Skadden, Arps, Slate, Meagher, & Flom LLP
  55. SolarCity
  56. Solar Energy Industries Association
  57. Sungage Financial
  58. SunPower
  59. U.S. Bancorp
  60. VectraBank
  61. Wiser Capital
  62. Zions Energy Link

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