Potential of Securitization in Solar PV Finance [electronic resource].
- Published
- Washington, D.C. : United States. Dept. of Energy. Office of Solar Electric Technology, 2013.
Oak Ridge, Tenn. : Distributed by the Office of Scientific and Technical Information, U.S. Dept. of Energy. - Physical Description
- 37 pages : digital, PDF file
- Additional Creators
- National Renewable Energy Laboratory (U.S.), United States. Department of Energy. Office of Solar Electric Technology, and United States. Department of Energy. Office of Scientific and Technical Information
Access Online
- Restrictions on Access
- Free-to-read Unrestricted online access
- Summary
- This report aims to demonstrate, hypothetically and at a high level, what volumes of solar deployment could be supported given solar industry access to the capital markets in the form of security issuance. Securitization is not anticipated to replace tax equity in the near- to mid-term, but it could provide an additional source of funds that would be comparatively inexpensive and could reduce the weighted average cost of capital for a given solar project or portfolio. Thus, the potential to securitize solar assets and seek financing in the capital markets could help to sustain the solar industry when the investment tax credit (ITC) -- one of the federal incentives that has leveraged billions of dollars of private capital in the solar industry -- drops from 30% to 10% at the close of 2016. The report offers analysis on the size of the U.S. third-party financed solar market, as well as on the volumes (in MW) of solar asset origination possible through a $100 million securitization fund (assuming no overcollateralization). It also provides data on the size of the relevant securities markets and how the solar asset class may fit into these markets.
- Report Numbers
- E 1.99:nrel/tp-6a20-60230
nrel/tp-6a20-60230 - Subject(s)
- Other Subject(s)
- Note
- Published through SciTech Connect.
12/01/2013.
"nrel/tp-6a20-60230"
Mendelsohn, M.; Lowder, T. - Funding Information
- AC36-08GO28308
View MARC record | catkey: 14795225