We’re excited to create US jobs and save US business and government significant money in these difficult times. On top of that, solar hot water is good for the planet.
Sonoma, CA (PRWEB) September 28, 2011
Adam Capital Clean Energy Asset Finance LLC, a leader in the clean energy lending space is expanding their successful financing programs to include commercial-scale solar hot water systems. The new program will allow high-volume hot water users such as government facilities; farm, agriculture and food processing facilities; laundromats; hotels; restaurants; health clubs, apartment buildings; carwashes and others to finance solar hot water for no money down, and immediate savings on one of their major expenses.
A leading private investment fund in the clean energy space, Adam Capital provides much-needed investment capital for clean energy projects, thereby solving a critical funding gap in the market. Utilities, states, and the federal government have recognized the efficiencies and important role that solar hot water plays in the national energy picture, and have committed hundreds of millions of dollars to incentivize business and government to adopt this important technology. But that money is not available until after the project is completed, which means Adam Capital’s financing is essential to install the system.
“We’re excited to create US jobs and save US business and government significant money in these difficult times. On top of that, solar hot water is good for the planet.” says Adam Boucher, CEO and founder of Adam Capital.
Unlike solar thermal systems which have proven to be too expensive and too complex, solar hot water systems use the energy of the sun to heat water, a process nearly twice as efficient as photovoltaics. Solar hot water at commercial scale is a proven technology that has been around for decades. The primary barrier to wider adoption is the large upfront cost. With this program, high-volume hot water users enjoy immediate, long-term, predictable savings with no upfront cost. Adam Capital is partnering with major solar hot water suppliers to offer high-quality systems - helping create installation jobs, while saving businesses money, and reducing reliance on fossil fuels.
“Building on our experience financing PV and other technologies, we’re strengthening our position in the market by financing commercial solar hot water - an overlooked market sector with rich incentives in California and Arizona," says Larry Farris, Senior Loan Operations for Adam Capital. “As part of this team I wake up knowing I’m creating jobs, improving the environment, and helping business and government deal with rising energy costs.”
About Adam Capital:
Adam Capital Clean Energy Asset Finance LLC is a private investment fund operating solely within the clean energy sector. We extend collateralized loans under $10 million, an important niche within the clean energy finance spectrum that is largely overlooked by banks, bond markets or venture capitalists. By leveraging ITC grant cash payments and other local incentive rebates as collateral, we enable our borrowers to install much needed clean energy projects. We have funded over 300 projects in multiple states and utility districts, serving the needs of individuals, government agencies, schools, non-profits, and businesses.
For additional information contact:
Larry Farris – Senior Loan Operations
Adam Capital Clean Energy Asset Finance LLC