Your project. Your relationship. There’s a lot on the line.
The Federal 1603 ITC Grant program expires on December 31, 2011. Sol Haven Fund was established to assist companies in securing funding for solar PV projects. Sol Haven will work with you to determine if we can safe harbor your project, now.
Sol Haven Fund is focused on facilitating solar PV projects that would otherwise be in jeopardy if not safe harbored under the expiring 1603 Federal Grant program. The expiration of this program will take with it solar projects that provide millions of dollars benefiting local communities in energy savings as well as new jobs.
What the Fund does
Sol Haven Fund has the capacity to safe harbor up to $400 million in solar PV projects. Our goal is to partner on or co-develop solar projects for which we can provide safe harbor under the 1603 Federal Grant program. We will also bring all the necessary funding to complete your solar project in 2012.
Sol Haven is looking to work with you on identifying projects – where you have site control, PPAs (Power Purchasing Agreements) or LOIs – that are capable of being built next year.
Advantage to working with Sol Haven
The advantage to working with Sol Haven Fund is that we are willing to provide funding to safe harbor up to $400 million in solar PV projects. Because Sol Haven Fund’s partners have both significant development and financing experience, we offer an opportunity to bring your project to fruition rather than risk it becoming uneconomical under the conditions of an unknown tax equity market in 2012.
Time is of the essence
The ITC Grant program provided a big benefit to the solar industry allowing for many megawatts of PV to be built. There are no more extensions. This program will end on December 31st. Make sure your project gets safe harbored before time runs out.