third-party Financing

Third-party financing or leasing is a solution to the barrier of upfront costs associated with renewable energy projects like solar. Through leases or power purchase agreements (PPAs), third-party financing makes ‘going solar’ an accessible option for low to middle-income homeowners, churches, government agencies, and nonprofits. Legislation has been introduced that will affirm third-party financing is legal in Wisconsin. This will ensure that Wisconsin residents and businesses have access to the same financing tools as those in 28 other states with clear third-party financing rules.

Currently, Wisconsin case law allows for third-party financing of renewable energy projects, but some utilities have challenged projects that use this type of financing. The Public Service Commission has declined to make a clear ruling and has said this is an issue the legislature needs to decide. Without legislation to clarify the law, renewable energy installers are vulnerable to utilities refusing to connect systems and customers will be unable to access third-party financing options.

 

Supporters of the Wisconsin Solar Coalition recognize that financing equipment that supplies energy to a customer is not acting as a public utility and should not be regulated as one. Legal affirmation for third-party financing is essential to secure Wisconsin’s clean energy future.

TAKE ACTION

 

Ask your legislators to support third-party financing in Wisconsin

Senator Rob Cowles (R – Green Bay) and Representative Rachael Cabral-Guevara (R – Appleton) are circulating legislation to clarify that using a lease, sometimes known as third-party financing, to acquire a solar array is legal in Wisconsin. Please contact your legislators and ask them to cosponsor this important bill!

Fill out the form below to customize a sample letter you can send to your legislators asking them for their support.

 

The deadline to cosponsor the bill is October 22ND, so please act quickly!

 

If you have any questions, please contact Jim Boullion, RENEW Wisconsin’s Director of Government Affairs, at jim@renewwisconsin.org, or call at (608) 695-7004

 

Thank you for helping to make Wisconsin a leader in renewable energy!

MEDIA

 

RESOURCES

 
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