Innovative Solar Systems, LLC has just been granted approvals on five 2MW solar farms and two 5MW solar farm projects in North Carolina.
Asheville, NC December 05, 2014
Innovative Solar Systems has been the leading developer of small and large scale solar farm projects in North Carolina for almost four years. ISS is based in Asheville, NC and has developed approximately 1 Gigawatt of solar farm projects in the state prior to expanding operations across the entire United States. The latest group of solar farm projects just approved in the state are a combination of both 2MW and 5MW projects states John Green, CEO of ISS. Small to medium size investors love these small projects states Green due to the smaller capital outlay, faster commissioning time and returns that range from 10% to 20% over the life of project.
North Carolina has been a leader in solar development for many reasons such as the above average tax credits and incentives that are offered in the state. It is quite common for the tax equity investor to fund a large portion of a solar farm cost making the returns quite attractive for the debt equity investor involved in each deal states Green of ISS. We have seen a whole new type of investor sucking up these solar farm projects due to the fact that a person or entity is able to structure deals in such a fashion where the purchase power agreements are offering the pure equity investor long term income streams while the tax equity investor funds a large portion of the construction finance.
Wealth management groups, Hedge Funds and Institutional size investment groups have grown huge appetites for the renewable energy assets and ISS currently has LOI's from groups wanting to secure any and all of our solar farms at commissioning time and are willing to pay a premium for these deals if the entity does not have to assume the construction financing and responsibility associated with building the individual projects. ISS is structuring deals where ISS's construction finance partners will be able to net out very large double digit returns by purely buying ISS projects, funding the construction and then letting ISS sell the constructed projects to parties that ISS has LOI's from for purchase at time of commissioning. Call Innovative Solar Systems at (828)-215-9064 to learn more about current projects for sale and investor relations.