US: Best practices guides aim to lower financing costs for solar energy systems

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The Solar Access to Public Capital (SAPC), a working group convened by the Energy Department’s National Renewable Energy Laboratory (NREL), has released new best practices guidelines for solar PV systems with the goal of increasing investor confidence in the long-term viability of PV systems.

SAPC subcommittees, each involving dozens of solar and finance entities, developed the guides, SAPC Best Practices in PV System Installation and SAPC Best Practices in PV Operations and Maintenance.

SAPC is comprised of 425 members representing the PV market chain, including development, legal, financial, accounting, engineering and other segments engaged in solar asset deployment, finance and operation.

"The best practices may provide valuable uniformity in the way solar assets are developed,” said NREL Project Technical Lead Michael Mendelsohn. Investors could then be confident that solar energy systems are deployed and maintained with consistency and in a way that protects "long-term system production and asset cash flows," Mendelsohn added.

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