Solar industry leader and returning guest, Jim Spano, helped develop the solar market in the mid-Atlantic region — and now he's bringing a new innovative product to market. New York City-based Sol-REIT is a unique solar financing platform that aims to give developers a new option and keep more of the project for themselves while also providing much-needed scaleable financing to the middle market.
It's the first investment product to bring the novel model of real estate investment trusts (REITs) to the solar energy market. By financing solar in the same way as real estate, Sol-REIT can offer long-term, fixed-rate, lower-cost debt that matches the operational life of assets.
Jim, the co-founder and head of originations at Sol-REIT, wants to "break the solar industry free of the binds of niche financing."
On today's podcast, Tim Montague, fellow podcaster and also a developer himself, joins the show as a stand-in host and chat w/Jim about his latest venture.
The conversation was part of the RE+ PowerUp Media Zone, a live production of SunCast Media.