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Do these come from residential solar leases? does this count as commercial?

by tekno45 4y ago

yepnopemaybe 4y ago
These will be commercial and utility scale solar facilities. We may get into residential in the future!
- tekno45 4y ago
  Will you be financing future farms, or does this only include existing farms?
  - yepnopemaybe 4y ago
    For the time being, we are working with either newly operational or existing solar farms. Once we have a community of investors, a lot of doors will open in terms of the kinds of financings we'll be able to accommodate. For the time being, we want to keep our investors our of construction risk and tell a super simple story through our design. More to come though.
    - nonrandomstring 4y ago
      It's a cool idea. I like it. A product I'd jump at is if you pay me back in electron volts end-to-end, wherever I am. Is that feasible? Say I live in an apartment block. I really want to go solar, but have no roof or land. I'll pay you to erect and manage 1kW of panels out on the farm for me and I get back, say 750W (you skim 25%). But I get it through my utility company (it just comes off my bill).
      - yepnopemaybe 4y ago
        I'd say that we are like Community Solar (what you described) but more portable. We combine aspects of stock equity with aspects of community solar. A different model, but one that can exist in symbiosis with Community.
- foobiekr 4y ago
  Show your work. Justify your ROI estimate.
  - yepnopemaybe 4y ago
    It will depend on so many factors. Our current accredited investors are getting about 10%+, but that's only because they have access to tax equity benefits. We are still in an early stage of creating the financial product, and the realized returns will be a function of the risk profile we choose (i.e. will there be construction risk, insurance, who is the power purchaser, etc.) Don't worry, you'll get a detailed financial profile/pro forma before you have to make a investment decision.
    - foobiekr 4y ago
      So let me get this straight. You are soliciting engagement and don’t even have the financials worked out?
      - yepnopemaybe 4y ago
        I'd say we are 80% of the way there - every solar facility will have different traits and economics as an investment. We have the legal infrastructure and finance partners to make it happen pretty quick. As with any investment, we can't make claims about financials until everything is finalized and vetted. That will have to wait until we have a pro forma ready to go. Soliciting 'indications of interest' is a fairly common practice across all industries. To be clear, we are already financing larger $100K+ deals with friendly investors in our network as we design and engineer a product for a larger audience.
        esses 4y ago
        You are soliciting "indications of interest" with an estimated 7.3% yield with no justification whatsoever on the site to back it up.
        4y ago

Do these come from residential solar leases? does this count as commercial?

yepnopemaybe 4y ago

These will be commercial and utility scale solar facilities. We may get into residential in the future!

tekno45 4y ago
Will you be financing future farms, or does this only include existing farms?
- yepnopemaybe 4y ago
  For the time being, we are working with either newly operational or existing solar farms. Once we have a community of investors, a lot of doors will open in terms of the kinds of financings we'll be able to accommodate. For the time being, we want to keep our investors our of construction risk and tell a super simple story through our design. More to come though.
  - nonrandomstring 4y ago
    It's a cool idea. I like it. A product I'd jump at is if you pay me back in electron volts end-to-end, wherever I am. Is that feasible? Say I live in an apartment block. I really want to go solar, but have no roof or land. I'll pay you to erect and manage 1kW of panels out on the farm for me and I get back, say 750W (you skim 25%). But I get it through my utility company (it just comes off my bill).
    - yepnopemaybe 4y ago
      I'd say that we are like Community Solar (what you described) but more portable. We combine aspects of stock equity with aspects of community solar. A different model, but one that can exist in symbiosis with Community.
foobiekr 4y ago
Show your work. Justify your ROI estimate.
- yepnopemaybe 4y ago
  It will depend on so many factors. Our current accredited investors are getting about 10%+, but that's only because they have access to tax equity benefits. We are still in an early stage of creating the financial product, and the realized returns will be a function of the risk profile we choose (i.e. will there be construction risk, insurance, who is the power purchaser, etc.) Don't worry, you'll get a detailed financial profile/pro forma before you have to make a investment decision.
  - foobiekr 4y ago
    So let me get this straight. You are soliciting engagement and don’t even have the financials worked out?
    - yepnopemaybe 4y ago
      I'd say we are 80% of the way there - every solar facility will have different traits and economics as an investment. We have the legal infrastructure and finance partners to make it happen pretty quick. As with any investment, we can't make claims about financials until everything is finalized and vetted. That will have to wait until we have a pro forma ready to go. Soliciting 'indications of interest' is a fairly common practice across all industries. To be clear, we are already financing larger $100K+ deals with friendly investors in our network as we design and engineer a product for a larger audience.
      - esses 4y ago
        You are soliciting "indications of interest" with an estimated 7.3% yield with no justification whatsoever on the site to back it up.
        4y ago