Terms, Trends, and Insights: PV Project Finance in the United States, 2017

David Feldman, Paul Schwabe

Research output: NRELTechnical Report

Abstract

This brief is a compilation of data points and market insights that reflect the state of the project finance market for solar photovoltaic (PV) assets in the United States as of the third quarter of 2017. This information can generally be used as a simplified benchmark of the costs associated with securing financing for solar PV as well as the cost of the financing itself (i.e., the cost of capital). This work represents the second DOE sponsored effort to benchmark financing costs across the residential, commercial, and utility-scale PV markets, as part of its larger effort to benchmark the components of PV system costs.
Original languageAmerican English
Number of pages6
StatePublished - 2017

NREL Publication Number

  • NREL/TP-6A20-70157

Keywords

  • cost of capital
  • debt
  • finance
  • internal rate of return
  • IRR
  • photovoltaic
  • project finance
  • PV
  • solar
  • sponsor equity
  • tax equity
  • transaction costs

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