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Jim Young
512-565-7509
Sent from my iPhone
SCG Blog signup:
http://solarcapitalgroup.blogspot.com/
Saturday, March 31, 2012
Solar As Social Media-Is Austin Missing Out?
Is Austin missing out? As an Austin native, I say unfortunately "yes". This weekend, I was called/emailed by no less than 3 interested business Owners who saw the attached article about a San Antonio retail business which went solar. The news, Internet and grass roots "social" conversation spreads data amongst individuals and business owners about the advantages of renewables. Even if only as a discussion topic, those rooftop panels increase awareness of energy conservation. Austin is topping the chart of every national survey for it's economy and quality of living. These are all the more reasons the masses will continue to come to Austin and I for one would love to see Austin Energy bring back some of the commercial solar utility rebates that will put large, visible projects in town that will not only generate electricity but generate "buzz". After all, the tech folks moving here are only going to demand more power(not less) to run their iPhones, flat screens, and electronic gadgets.(author too).
Friday, March 30, 2012
If You Sell For Less Than Your Cost=Bankruptcy Coming
What (really) went wrong at Solyndra? New report offers clues t.co/PLYsYB5s #solar
Read it online: http://twitter.com/SolarIndustry/status/185403840928038913
Sent via TweetDeck (http://tweetdeck.com)
Jim Young
512-565-7509
Sent from my iPhone
-pardon spelling-
Wednesday, March 28, 2012
Fort Hood Solar System Going In
Austin American Statesman reports on a large solar system going in at Fort Hood on post housing:
-Statesman Article Here or Link to it on our SCG FaceBook Page-
Jim Young
President
Solar Capital Group, LLC
512-565-7509
Follow Us: facebook.com/solarcapitalgroup
News & Blog: http://solarcapitalgroup.blogspot.com
Tuesday, March 27, 2012
What Does a 1603 Award Letter Look Like?
Ever Wondered What Correspondence from the US Department of Treasury looks like when a solar system owner receives notification that his/her 1603 Grant has been approved and will be paid? Here is a redacted version of the email sent by Treasury to applicants:
***
Sent: Saturday, March 24, 2012 9:45 AM
Subject: U.S. Treasury Department - Application for Section 1603: Application 2012xxxxxxxxxxx Awarded
| Section 1603 AWARD LETTER |
|
-Awardee-: XYZ Inc, 123 Maple Street, Dallas, Texas, 11111
Re: Section 1603 Payment for Specified Energy Property in Lieu of Tax Credits for Treasury Application Number 2012xxxxxxxxxxx – Award Notice
Dear Redacted:
The United States Department of the Treasury (Treasury) is pleased to inform you that the above-referenced application for payment in the amount of ($xx,xxx.00) for Specified Energy Property in Lieu of Tax Credits is approved. This payment is authorized under Section 1603 of Division B of the American Recovery and Reinvestment Act of 2009.
This notice constitutes official notification of the award and together with your submitted application, supporting documentation, and signed Terms and Conditions constitutes the Grant Agreement between Treasury and you. Acceptance of this award, including the Terms and Conditions, is acknowledged by the awardee when funds are accepted from Treasury. All awards are subject to further monitoring and audit to ensure compliance.
You should receive the payment in your bank account within seven business days of the date of this letter. The payment will be deposited in the bank account that is listed in the Central Contractor Registration (CCR).
Sincerely, 
Richard L. Gregg Fiscal Assistant Secretary
***end***
Jim Young
President
Solar Capital Group, LLC
512-565-7509
Follow Us: facebook.com/solarcapitalgroup
News & Blog: http://solarcapitalgroup.blogspot.com
Sunday, March 25, 2012
Two News Agencies Report on Solar Capital Group's Largest Projects
3/25/12
This past week, both CoStar News Group and the Austin Business Journal reported on Solar Capital Group’s funding of Brandon Oaks Apartment complex’s 205kw solar system in Arlington, Texas. We were excited for the coverage, and would love it if you would go to the news-agencies pages and ‘LIKE” the articles so they will be continue to provide great coverage:
Jim Young
President
Solar Capital Group, LLC
512-565-7509
Follow Us: facebook.com/solarcapitalgroup
News & Blog: http://solarcapitalgroup.blogspot.com
Tuesday, March 20, 2012
Why Do Utility Companies Pay Rebates?
Have you asked WHY utility companies make rebate payments to users that install solar, or other renewables? Wouldn’t the utility company want to sell you MORE power, rather than less? One answer is “the RPS”.
What is the Renewable Portfolio Standard or RPS?
Renewable Portfolio Standard (RPS) is a regulation that requires the increased production of energy from renewable energy sources, such as wind, solar, biomass, and geothermal.
The RPS mechanism generally places an obligation on electricity supply companies to produce a specified fraction of their electricity from renewable energy sources. Certified renewable energy generators earn certificates for every unit of electricity they produce and can sell these along with their electricity to supply companies. Supply companies then pass the certificates to some form of regulatory body to demonstrate their compliance with their regulatory obligations. Because it is a market mandate, the RPS relies almost entirely on the private market for its implementation. Unlike feed-in tariffs which guarantee purchase of all renewable energy regardless of cost, RPS programs tend to allow more price competition between different types of renewable energy, but can be limited in competition through eligibility and multipliers for RPS programs. Those supporting the adoption of RPS mechanisms claim that market implementation will result in competition, efficiency and innovation that will deliver renewable energy at the lowest possible cost, allowing renewable energy to compete with cheaper fossil fuel energy sources (cite-WikiPedia)
Jim Young
President
Solar Capital Group, LLC
512-565-7509
Follow Us: facebook.com/solarcapitalgroup
News & Blog: http://solarcapitalgroup.blogspot.com
Tuesday, March 13, 2012
Forwarding Webpage President Obama’s Marine One helicopter hangar gets 120kW Suniva PV system | PV-Tech
President Obama's Marine One helicopter hangar gets 120kW Suniva PV system | PV-Tech
Read it online: http://www.pv-tech.org/mobile/news/president_obamas_marine_one_helicopter_hangar_gets_120kw_suniva_pv_system
Note From Jim:
The article points out both the financial savings as WELL as the fact the Department of Navy mandate to it's facilities that they WILL get 50% of their energy from renewables by 2020.
Jim Young
512-565-7509
Sent from my iPhone
-pardon spelling-
Forwarding Tweet by @SolarIndustry
Senate to vote on possible 1603 extension tomorrow. Get caught up on what's at stake - bit.ly/wA9ryG #solar
Jim Young
512-565-7509
Sent from my iPhone
-pardon spelling-
Sunday, March 11, 2012
Kam Man Foods Goes Solar in New Jersey
Solar Energy News: Kam Man Foods Goes Solar in New Jersey
Sent via TweetDeck (http://tweetdeck.com)
Jim Young
512-565-7509
Sent from my iPhone
-pardon spelling-
Saturday, March 10, 2012
Solar Barons
Taken by solarcapitalgroup http://www.flickr.com/photos/69110848@N04/6823146012
Jim Young
512-565-7509
Sent from my iPhone
-pardon spelling-
Friday, March 9, 2012
850 Panels and Micro-Inverters
Arlington, Texas
Brandon Oaks Apartments
Stopping by a finished solar project today as part of a 2 day visit to meet with installers, stakeholders and SCG Investors. Recently completed, the project at Brandon Oaks has 850 panels, each with it's own EnPhase micro-inverter. Each micro-inverter streams real time data to a web portal. The monitoring portal allows the Owner, utility or Investor to pull data on electricity production by day, hour, panel and track seasonal performance.
This site, along with two other apartment complexes represented a big leap into commercial funding for SCG.
Thursday, March 8, 2012
New Jersey « SRECTrade Blog
The collapse of NJ SREC prices resulting from a market oversupply in the last six months has called for legislative or administrative action. Theoretically the RPS is a self-correcting mechanism where low prices lead to a slowdown in build rate while the annual Renewable Portfolio Standard (RPS) increases to catch up to any oversupply. In practice, SREC price signals are impacted by other outside incentive programs like the Treasury cash grant which can lead to dramatic overshoots like we currently see in NJ and PA. Also, the RPS adjusts only on an annual time frame, so while it should eventually self-correct, it may take several years even if almost all new solar development stops. While a few of the large, well-capitalized commercial and utility scale solar companies can afford to stop installation while the market mechanism corrects itself, most of the hundreds of smaller pure play solar installers will either have to leave the state or close. As a result, they, and the thousands of existing solar PV system owners in the state, are pushing for changes to the RPS program to ensure the continued vitality of the industry and the SREC revenue streams they are counting on to pay for their installations.
Jim Young
512-565-7509
Sent from my iPhone
-pardon spelling-
Senate considering extension of Section 1603 program today
Senate considering extension of Section 1603 program today bit.ly/wA9ryG #solar
Read it online: http://twitter.com/SolarIndustry/status/177828679404109824
Jim Young
512-565-7509
Sent from my iPhone
-pardon spelling-
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