San Diego, CA (PRWEB) June 27, 2013
Larry Chiavaro, EVP of First Associates Loan Servicing, will speak at the Solar Asset Symposium: Emerging Trends, Tools and Standards San Francisco, California on Monday, July 8th. Chiavaro will discuss the important role that information standards and data collection play in the emergence of new asset classes and how Solar Servicers play a key role in the emerging alternative energy infrastructure.
Chiavaro has insightful views on the key milestones for new asset classes built over years of experience in the consumer finance industry. At First Associates, Chiavaro has been instrumental in creating the industry’s largest and most rapidly growing Solar Servicer. He has also been a key player in crafting new services and products to accelerate the growth of companies in the solar financing industry.
“Access to capital is a key component of growth in the residential market,” said Larry Chiavaro. “The ability to attract a broader investor base for long term debt will be the catalyst for rapid consumer solar adoption. There have been many other lessors of operating assets that have tapped into the capital market in the past. Solar is a new asset class to the market but it has many precedents to draw from. The industry is working together to create the common processes, rules and documents that will enable the creation of a strong solar securitization market and First Associates is pleased to be part of that effort.”
The SolarTech led session will host conversations from key players driving trends, tools and standard around the solar asset life cycle. From origination, screening, rating, underwriting, finance, acquisition, O & M and asset management. The impact on cost of capital of new to solar funding vehicles such as crowd funding, REITs, MLB’s and bond funds will be explored. The Solar Asset Symposium will explore new platforms and methods for project scoring, screening, performance estimates, credit worthiness of the offtaker and on actual system performance data as necessary to enable insurance actuaries and rating agencies to accurately evaluate risk, improve liquidity, and create low cost financial products for developers and investors. Industry experts from national laboratories, leading originators, financiers, underwriters and standards bodies will engage with participants to discuss the cost of capital, emerging standards, the role of policy and the risk premium for solar PV in various markets including residential, commercial, and utility scale.
“The Solar Asset Symposium will be held at Intersolar, North America's premier exhibition and conference for the rapidly growing global solar industry,” said Marianne Walpert, Executive Director of SolarTech, a non-profit industry consortium with a mission to remove process related cost barriers to acceleration of U.S. solar markets. “We are excited to have Mr. Chiavaro speak this year. His views are always both timely and interesting.”
About First Associates Loan Servicing
First Associates is one of the nation’s premier consumer loan servicing firms comprised of a team of professionals with world class experience, first-rate knowledge and exceptional technology. First Associates provides best-in-class servicing for loan and lease portfolios with a staff that is committed to providing the highest level of service to borrowers while maximizing lender and investor returns. More information is available at http://www.1stassociates.com.