Improving Reliability and Expanding Capital Markets
The truSolar® Working Group is a consortium of leading solar market participants which exists to establish uniform credit screening standards for commercial and industrial PV projects and, in turn, enhance availability of lower cost capital to drive our industry forward.
The truSolar® Working Group
The truSolar® Working Group consists of market-share leading companies from across the solar value chain, representing over $100B in combined annual revenues.
By joining the truSolar® initiative, you become part of the process to help inform the credit screen criteria with your industry knowledge and data, which will lead to overall expansion of the C&I market. Ultimatly, the truSolar® credit screen will be offered as a broadly accessible and industry-driven standard for adoption by stakeholders at all parts of the value chain.
Increase Access to Capital
truSolar® greatly expands the market with standardized finance to a wider range, higher volume of projects. Credit evaluation standardization will lower financing transaction costs, better assure risk adjusted returns, and improve quality and accelerate market growth.Learn More
Accurately Price Risk
The cost of capital and risk premiums are misaligned because PV projects are not always properly understood by finance providers. The result: miss-priced capital. Projects scored through truSolar® will allow investors to have more control in specifying the types of projects they want and the cost of capital they should offer.Learn More
Reduce Deal Fallout Rates
There are thousands of parties originating projects without agreed upon standards, spending more than 50% of their business cycles on projects that do not get financed or built. truSolar® provides an upfront screen using standard criteria to allow companies to quickly filter out projects that are unlikely to bring profit and build projects that will.Learn More
truSolar® is designed from the ground up to respond to gaps in the industry identified by our members.
According to the National Renewable Energy Lab, commercial and industrial rooftop PV capacity may exceed 100 gigawatts by 2030, a significantly larger market than for residential
The C&I sector is currently limited by high transaction costs stemming from complex structures and a lack of standards
Unlocking this opportunity will require adoption of common practices and financing standards
Despite a robust solar market, a vast majority of lenders are not involved in financing solar projects.
Lenders often struggle to efficiently underwrite loans due to a lack of clarity surrounding industry and project risks
Most lenders are forced to apply the same diligence and underwriting processes for large utility scale projects to smaller commercial projects where higher capital expenditures can bear the cost
Smaller investors are left on the sidelines because they don’t have the resources to learn about solar as an asset class
The prize is significant: Access to public capital vehicles could lower LCOE 8-16% according to NREL
Vehicles such as securitization, MLPs, REITs represent a huge opportunity for lower cost capital for PV projects
Only the development of standard contracts, structures, and common risk evaluation tools such as truSolar® will unlock these options
Why Choose Us?
truSolar is an industry-established standard to screen and rate PV projects that will ensure broader access to lower cost capital.
truSolar® is designed from the ground up to respond to gaps in the industry identified by our members
Despite a robust solar market, a vast majority of lenders are not involved in financing solar projects. truSolar will fix that.
truSolar will allow greater access to public capital vehicles and lower LCOE 8-16%
This is your opportunity to get involved in the process, to help shape the credit screening criteria with your industry knowledge and data, and to grow the C&I PV market overall.
Join our Affiliate Program
Why should I join truSolar®? – This is your opportunity to get involved in the process, to help shape the credit screening criteria with your industry knowledge and data, and to grow the C&I PV market overall. By joining the truSolar® initiative, you become part of the process to help inform the credit screening criteria with your industry knowledge and data which will lead to expansion of the C&I market overall.
The Affiliate program is intended to afford industry participants the opportunity to get involved in the process to help shape the truSolar® credit screening criteria while expanding the C&I sector based on their willingness and ability to contribute to the initiative.