third-party Financing

Third-party financing eliminates the relatively high upfront costs associated with renewable energy projects. 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 will soon be introduced to affirm that third-party financing is legal in Wisconsin and ensure that residents and businesses have access to the same financing tools as those in twenty-eight other states with clear third-party financing rules.

TAKE ACTION

 

Ask your legislators to support third-party financing in Wisconsin

The Wisconsin Legislature needs to take action and affirm that third-party financing of renewable energy equipment is legal. The high upfront costs associated with renewable energy projects mean many Wisconsin residents lack the sufficient capital to invest in clean energy. 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. Third-party financing creates jobs, helps manage energy bills, and allows residents to reach their clean energy goals.

 

Currently, Wisconsin case law allows for third-party financing of renewable energy projects, but some utilities have challenged that. Furthermore, the Public Service Commission has not taken a position to clarify what the law provides, leaving renewable installers vulnerable and customers unable to access third-party financing options.

 

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

 

Members of the Wisconsin Legislature need to hear from you about the importance of authorizing third-party financing as soon as possible.

 

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!

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