Greentech Lead America: Sol Systems has formed partnership with Dow Solar, a business unit within The Dow Chemical Company, to provide turnkey solar renewable energy credit (SREC) solutions for DOW POWERHOUSE Solar Shingles customers.
The DOW POWERHOUSE Solar Shingle is a kind of solar roofing product, developed to combine the benefits of solar technology with the durability and performance of traditional roofing materials. They install like traditional roofing shingles but provide solar electricity to power homes. POWERHOUSE is currently available in select U.S. markets through Dow’s Authorized builders and roofing contractors.
Dow Solar’s customers can now monetize their SRECs through a streamlined process designed by Sol Systems to improve the financial return on their solar investment.
Sol Systems is a SREC aggregator and offers a suite of SREC financing solutions to customers in 13 states throughout the Midwest and Mid-Atlantic. In addition to SREC services, Sol Systems provides project financing and structuring expertise to solar developers and renewable energy investors.
Under the new partnership, Sol Systems will provide Dow Solar customers in Maryland, Massachusetts, and Washington, D.C. with the opportunity to lock into SREC contracts. The company will provide access to its proprietary SREC management tool, registering the systems with the necessary state and regulatory bodies, tracking meter readings, and handling all SREC customer service inquiries.
Yochai Gafni, Dow Solar’s market development director, said, “POWERHOUSE is a smart home investment, but managing all of the available incentives can be cumbersome for homeowners. The alliance with Sol Systems will enable our POWERHOUSE Authorized Dealers to act as a one-stop shop for solar roofing and SREC management, which will differentiate them in their markets.”
Sol Systems’ CFO, George Ashton, said, “The combination of Dow’s innovative product with our SREC monetization execution allows customers to make a smart and easy investment in solar.”