“North Carolina is leading the boom in solar across the nation. Last year it recorded the second most new solar capacity added in the United States,” said Sean Peace, CEO of Royalty Exchange. “With that kind of expansion comes, jobs and opportunity. This solar farm sale represents a natural extension of that opportunity. Now investors, not just companies, can take advantage of the tax credits and profits along with supporting green energy.”
The opportunity being presented by Royalty Exchange is for a new 1.4 megawatt North Carolina solar power farm that went into operation in early 2015 and is being offered for sale at $3.5 million. The state and federal tax credits however are what make this investment very attractive with the total potential being up to $6 Million.
“Our marketplace is uniquely positioned to help facilitate liquidity in the solar power marketplace by allowing solar companies to pull money forward into new projects. This helps to support the rapid growth and expansion across the state, and investors also benefit,” said Peace.
According to a recent press release by SEIA (Solar Energy Industries Association), in 2014, North Carolina added 397 megawatts (MW) of solar electric capacity, bringing its total to 953 MW. That’s enough clean energy to power more than 110,000 homes. The Tar Heel State now has more installed solar capacity than Oregon and Washington combined. To put the state’s remarkable progress in some context, the 953 MW installed today in North Carolina is more than our entire country had installed by 2007.
“The solar power marketplace offers a wide range of financial options for solar power companies such as monetizing their PPAs, offering up their tax credits or through leveraging their SRECs. On all fronts we are helping to full the growth by unlocking capital for them,” stated Peace.
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.