Tuesday, April 30, 2013

Sol Systems and Dow Solar announce strategic alliance to offer financing solutions

USA: Sol Systems and Dow Solar, a business unit within The Dow Chemical Co., announced a strategic alliance to provide turnkey solar renewable energy credit (SREC) solutions for DOW POWERHOUSE Solar Shingles customers.

Dow Solar's customers can now monetize their SRECs through a streamlined process designed by Sol Systems to improve the financial return on their solar investment.

"We are pleased to offer this additional service for our POWERHOUSE customers," said Yochai Gafni, Dow Solar's Market Development director. "POWERHOUSE is a smart home investment, but managing all of the available incentives can be cumbersome for homeowners. The alliance with Sol Systems will enable our POWERHOUSE Authorized Dealers to act as a one-stop shop for solar roofing and SREC management, which will differentiate them in their markets."

Sol Systems will provide Dow Solar customers in Maryland, Massachusetts, and Washington, D.C. with the opportunity to lock into SREC contracts. Sol Systems eliminates the administrative burden of monetizing SRECs for its customers and partners by providing access to its proprietary SREC management tool, registering the systems with the necessary state and regulatory bodies, tracking meter readings, and handling all SREC customer service inquiries.

POWERHOUSE Solar Shingles install like traditional roofing shingles but provide solar electricity to power homes. POWERHOUSE is currently available in select US markets through Dow's Authorized builders and roofing contractors.

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