Rochester, N.Y. — Sunvestment Group (SVG) will continue its efforts to ease the complexities of solar financing through its innovative online platform, as a result of new support from the New York State Energy Research and Development Authority (NYSERDA).
Through this partnership, Sunvestment will launch Phase II of its powerful online suite of tools and services. This web-based platform will bring all stakeholders—solar customers, investors and contractors — together in one place to conduct transactions.
Realizing that many mid-market solar projects (those in the 100 kW to 1 MW size range) never see the light of day as a result of the complexities surrounding financing, permitting, and incentive limitations, Sunvestment’s efforts will focus on streamlining and standardizing contracts and agreements.
The result is a platform that simplifies what has previously been a fragmented and opaque process. The web-based solution will provide a more customer-centric solar experience and an overall reduction of client costs. Combined, these two outcomes will drive greater solar deployment among mid-market commercial and non-profit organizations. Although often-overlooked, this market segment represents approximately 30 percent of the entire solar space, worth more than $5 billion.
“We have a great team that has been working very hard to ensure we meet or exceed our goals for this project,” says Matt Rankin, SVG’s Vice President of Business Development. “NYSERDA’s continued support further validates that we are on the right track and providing the proper deliverables.”
The website is scheduled for an official launch this September 15 to 17, during Solar Power International at the Anaheim Convention Center in Anaheim, CA. Join us there at booth #937 (Hall A) and see our launch live.
Support for this project came from Governor Cuomo’s NY-Sun initiative, which is administered by the New York State Energy Research and Development Authority (NYSERDA). NY-Sun is a $1 billion initiative to advance the scale-up of solar and move the state closer to having a sustainable, self-sufficient solar industry.
About Sunvestment Group
Sunvestment Group provides a web-based platform that brings the key participants of a solar project together in an interactive, easy-to-use solar-funding portal. Using a proprietary project aggregation process and a community sourced finance platform, Sunvestment Group lowers project costs and assists in obtaining investors to make solar more financially feasible than ever before. For more information, visit www.sunvestmentgroup.com.
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