Sonoma, Calif. (PRWEB) March 10, 2010
Adam Capital Clean Energy Asset Finance (formerly Ethos Green Energy Asset Finance LLC) launched into 2010 with a new name, new location, and the signing of two new deals. The leading collateral-based lender serving commercial renewable energy developers, Adam Capital moved its headquarters recently to Sonoma, California from Arizona, placing the company in the heart of California’s clean tech economy.
Adam Capital also announced the closing of two loan agreements for projects totaling $1.8 million in Southern California and Arizona. Both new deals are focused on solutions for residential living in which developers secure terms based on economies of scale realized by bundling properties rather than attempting purchase and installation on a home-by-home basis. Over the life of the systems installed, the combined CO2 and methane offsets total 2,720 tons and 3,483 tons respectively.
“Adam Capital leverages federal payments and local utility incentives as a source of collateral for renewable energy loans. By doing this, we’re able to provide small energy developers in need of loan amounts from $250,000 to $3 million with a reliable source of capital to move forward with renewable energy installations,” noted Adam Boucher, founder and CEO, Adam Capital Clean Energy Asset Finance.
By loaning against a new class of assets—the credits and rebates available for renewable energy production in the federal government's recent energy incentive package, combined with existing incentives offered by states such as California and Arizona—Adam Capital can, in many cases, finance up to 100% of the hard costs of a renewable energy project.
The Adam Capital loan to Sonoma-based Go Solar LLC. represents the first renewable energy loan secured primarily by newly available federal grant payments made in lieu of tax credits. Go Solar will use the capital to install up to 50 residential solar electric PV systems serving low income households in targeted Southern California markets. The PV systems will be installed under a lease agreement between the consumer and Go Solar and will save low-income consumers 40% or more per month, as compared to their local utility charges.
The loan to Arizona-based Solar Solutions will fund the installation of five or more residential solar electric PV systems in the Phoenix area. The PV systems will be installed under a lease agreement between the consumer and Solar Solutions. The consumer will benefit from low to no out of pocket costs and immediate energy cost savings.
About Adam Capital
Adam Capital Clean Energy Asset Finance is the premier collateral based lender providing financing, training and consulting to distributive clean energy developers that serve the residential, commercial rooftop, and small industrial scale markets. With over 50 years of combined experience in collateralized asset lending, law, taxation, and corporate finance, Adam Capital works with energy developers seeking initial funding for the deployment of renewable energy systems. For more information please visit: http://www.AdamCapital.com or call 1.800.557.5071.
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Adam Capital Clean Energy Finance is managed by Adam Capital Inc., which is licensed and subject to Arizona Department of Finance oversight.