The Awareness Group (TAG) Reports Promising 10-Week Beta Results for Non-Credit Score Driven National Residential PPA, Strengthening its Solar and Financial Services Offerings
The Awareness Group (TAG) has reported promising results from the beta testing of its new national residential Power Purchase Agreement (PPA) program. The 10-week test, conducted in July and August, resulted in 171 contracts for solar projects, generating $12.8 million in sales for TAG. These projects were financed through TAG Capital, creating a $10.6 million portfolio of 30-year consumer loan notes and an Investment Tax Credit (ITC) of $3.8 million.
The PPA program, which eliminates credit scores as a barrier to solar adoption, aims to make renewable energy accessible to millions of Americans. TAG plans to onboard 30+ more channel partners in October to scale up the program. The company's TAG GRID platform connects various service providers in the solar energy sector, while TAG Financial supports the platform through its subsidiaries, TAG Financial Services and TAG Capital.
This launch aligns with the growing renewable energy industry, where solar accounted for 40% of new electricity-generating capacity in the first half of 2024. The residential solar market is projected to grow at a CAGR of 15.5% between 2024 and 2029.
The Awareness Group (TAG) ha riportato risultati promettenti dalla fase di beta testing del suo nuovo programma nazionale di Accordo di Acquisto di Energia (PPA) residenziale. Il test di 10 settimane, condotto a luglio e agosto, ha portato a 171 contratti per progetti solari, generando $12,8 milioni in vendite per TAG. Questi progetti sono stati finanziati attraverso TAG Capital, creando un portafoglio di $10,6 milioni di note di prestito al consumo di 30 anni e un Credito d'Imposta per Investimenti (ITC) di $3,8 milioni.
Il programma PPA, che elimina i punteggi di credito come barriera all'adozione solare, ha l'obiettivo di rendere l'energia rinnovabile accessibile a milioni di americani. TAG prevede di coinvolgere 30+ nuovi partner commerciali in ottobre per ampliare il programma. La piattaforma TAG GRID dell'azienda collega vari fornitori di servizi nel settore dell'energia solare, mentre TAG Financial supporta la piattaforma attraverso le sue sussidiarie, TAG Financial Services e TAG Capital.
Questo lancio è in linea con l'industria dell'energia rinnovabile in crescita, dove il solare ha rappresentato il 40% della nuova capacità di generazione elettrica nella prima metà del 2024. Si prevede che il mercato solare residenziale crescerà a un CAGR del 15,5% tra il 2024 e il 2029.
The Awareness Group (TAG) ha informado sobre resultados prometedores de la fase de beta del nuevo programa nacional de Acuerdo de Compra de Energía (PPA) residencial. La prueba de 10 semanas, realizada en julio y agosto, resultó en 171 contratos para proyectos solares, generando $12,8 millones en ventas para TAG. Estos proyectos se financian a través de TAG Capital, creando un portafolio de $10,6 millones de notas de préstamos para consumidores a 30 años y un Crédito Fiscal por Inversiones (ITC) de $3,8 millones.
El programa PPA, que elimina los puntajes de crédito como barrera para la adopción solar, tiene como objetivo hacer la energía renovable accesible a millones de estadounidenses. TAG planea incorporar 30+ nuevos socios comerciales en octubre para escalar el programa. La plataforma TAG GRID de la compañía conecta varios proveedores de servicios en el sector de la energía solar, mientras que TAG Financial apoya la plataforma a través de sus subsidiarias, TAG Financial Services y TAG Capital.
Este lanzamiento se alinea con la creciente industria de energías renovables, donde la energía solar representó el 40% de la nueva capacidad de generación eléctrica en la primera mitad de 2024. Se proyecta que el mercado solar residencial crecerá a un CAGR del 15,5% entre 2024 y 2029.
The Awareness Group (TAG)는 새로운 국가 주택 전력 구매 계약(PPA) 프로그램의 베타 테스트에서 유망한 결과를 보고했습니다. 10주 간의 테스트는 7월과 8월에 진행되었으며 171건의 계약이 체결되어 TAG에 $1280만의 매출을 창출했습니다. 이러한 프로젝트는 TAG Capital을 통해 자금이 조달되었고, 30년 소비자 대출 노트로 총 $1060만의 포트폴리오와 $380만의 투자세액 공제(ITC)를 창출했습니다.
PPA 프로그램은 신용 점수를 장벽으로 제거하여 태양광 채택을 촉진하는 것을 목표로 하며, 수백만 미국인에게 재생 가능 에너지를 접근 가능하게 하려고 합니다. TAG는 프로그램의 확장을 위해 10월에 30개 이상의 새로운 채널 파트너를 온보딩할 계획입니다. 회사의 TAG GRID 플랫폼은 태양광 에너지 부문의 다양한 서비스 제공업체를 연결하며, TAG Financial은 TAG Financial Services 및 TAG Capital 의 자회사를 통해 플랫폼을 지원합니다.
이번 출시는 재생 가능 에너지 산업이 성장하는 추세와 일치하며, 태양광은 2024년 상반기 동안 새로운 전력 생성 용량의 40%를 차지했습니다. 주택 태양광 시장은 2024년부터 2029년까지 15.5%의 연평균 성장률(CAGR)을 기록할 것으로 예상됩니다.
The Awareness Group (TAG) a rapporté des résultats prometteurs suite aux tests bêta de son nouveau programme national d'Accord d'Achat d'Énergie (PPA) résidentiel. Le test de 10 semaines, mené en juillet et août, a abouti à 171 contrats pour des projets solaires, générant 12,8 millions de dollars en ventes pour TAG. Ces projets ont été financés par TAG Capital, créant un portefeuille de 10,6 millions de dollars de notes de prêt à la consommation sur 30 ans et un crédit d'impôt à l'investissement (ITC) de 3,8 millions de dollars.
Le programme PPA, qui élimine les cotes de crédit comme barrière à l'adoption de l'énergie solaire, vise à rendre l'énergie renouvelable accessible à des millions d'Américains. TAG prévoit d'intégrer 30+ nouveaux partenaires canaux en octobre pour élargir le programme. La plateforme TAG GRID de l'entreprise connecte divers prestataires de services dans le secteur de l'énergie solaire, tandis que TAG Financial soutient la plateforme par le biais de ses filiales, TAG Financial Services et TAG Capital.
Ce lancement s'aligne avec la croissance de l'industrie des énergies renouvelables, où le solaire a représenté 40% de la nouvelle capacité de production d'électricité au premier semestre de 2024. Le marché résidentiel du solaire devrait croître à un Taux de Croissance Annuel Composé (CAGR) de 15,5% entre 2024 et 2029.
The Awareness Group (TAG) hat vielversprechende Ergebnisse aus den Beta-Tests seines neuen nationalen Wohn-Power Purchase Agreement (PPA) Programms berichtet. Der 10-wöchige Test, der im Juli und August durchgeführt wurde, führte zu 171 Verträgen für Solarprojekte und generierte 12,8 Millionen USD an Verkäufen für TAG. Diese Projekte wurden über TAG Capital finanziert und schufen ein Portfolio von 10,6 Millionen USD an 30-jährigen Verbraucherkrediten sowie einen Investitionssteuergutschrift (ITC) von 3,8 Millionen USD.
Das PPA-Programm, das Bonitätsbewertungen als Barriere für die Solarenergie-Nutzung beseitigt, zielt darauf ab, erneuerbare Energien Millionen von Amerikanern zugänglich zu machen. TAG plant, im Oktober 30+ weitere Vertriebspartner zu gewinnen, um das Programm auszubauen. Die TAG GRID-Plattform des Unternehmens verbindet verschiedene Dienstleister im Solarenergiesektor, während TAG Financial die Plattform über seine Tochtergesellschaften TAG Financial Services und TAG Capital unterstützt.
Dieser Start steht im Einklang mit der wachsenden Branche für erneuerbare Energien, wo Solar 40% der neuen Elektrizitätsgenerierungskapazität in der ersten Hälfte des Jahres 2024 ausmachte. Der Wohn-Solarmarkt wird voraussichtlich von 15,5% CAGR zwischen 2024 und 2029 wachsen.
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Non-Credit Score Driven Residential Solar Power Purchase Agreement (PPA) Gains Traction in Beta Testing with Only Two Channel Partners
10-Week Beta Test Generated 171 Contracts for Residential Solar Projects and
30 More TAG GRID Channel Partners are Being Actively Onboarded in October
Scottsdale, Arizona--(Newsfile Corp. - October 3, 2024) - The Awareness Group (TAG), a leading innovator in solar and alternative energy financing solutions, today announced highly promising results from the beta testing of its newly launched national residential Power Purchase Agreement (PPA) program. The beta test, which took place in July and August, resulted in 171 contracts for solar projects signed under the PPA, which generated sales of
Residential Solar Financing
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Pablo Diaz, CEO and Founder of TAG, stated, "The results from our beta testing, with only two channel partners, have greatly exceeded our expectations, reinforcing our belief that there is a substantial demand for inclusive solar solutions. Our national residential PPA is designed to open up the renewable energy market to millions of Americans who have traditionally been left out of the transition to solar. This is not just about energy; it's about providing equity in energy access.
"With the testing period complete and the results overwhelmingly positive, we have begun rolling this program out nationally to the rest of the TAG GRID. We plan to onboard an additional 30+ channel partners in October, quickly bringing scale to this program."
The national PPA program, which stands apart from traditional financing models by eliminating credit scores as a barrier to solar adoption, marks a pivotal step in TAG's mission to democratize access to renewable energy. The TAG GRID, the Company's comprehensive platform, connects service providers across the solar energy sector. The TAG GRID encompasses sales organizations that bring in residential and commercial projects for funding through TAG Financial, as well as EPC (Engineering, Procurement, and Construction) companies that not only install these solar projects but also source additional deals for financing through TAG Financial.
Expanding TAG's Financial Footprint
TAG Financial, the financial arm of The Awareness Group, plays a critical role in supporting the Company's extensive solar platform. TAG Financial includes two key subsidiaries: TAG Financial Services (TFS) and TAG Capital. TFS serves as the face to the TAG GRID and its members, providing support and cutting-edge fintech from concept to contract, including access to both TAG's proprietary financial products—such as the non-credit score-driven PPA discussed in this release—and third-party funding solutions. This flexibility ensures that solar and energy customers can access a range of financing options tailored to their needs.
TAG Capital handles the fund management for TAG's operations. This includes servicing TAG's proprietary financial products, such as the residential PPA, and monetizing ITCs and certain loan portfolios tied to TAG's proprietary financial products. TAG Capital's creation of
Industry Outlook
TAG's non-credit score-driven PPA launch is well-timed, as the renewable energy industry is witnessing unprecedented growth. According to a report from the U.S. Department of Energy, solar energy accounted for
TAG's innovative approach, including focusing on non-credit score-driven financing, positions the Company to capture a significant share of this expanding market. By lowering the barriers to solar adoption, TAG is uniquely positioned to tap into a broader, more diverse customer base that includes homeowners from all economic backgrounds.
Diaz emphasized, "The renewable energy revolution must be accessible to everyone. Our beta test results show that by reducing financial barriers like credit scores, we can accelerate the adoption of solar energy and make a real difference in how power is generated and consumed across the country."
About TAG
At The Awareness Group (TAG), we're not just part of the alternative energy revolution—we're leading it. Fueled by innovation, TAG is setting new benchmarks with the TAG GRID, a groundbreaking national platform that delivers a unique, differentiated program of solar services and financing solutions to its members for both commercial and residential projects. By managing the project from concept to installation, TAG aims to bring a world-class level of service to all members of the TAG GRID and their customers as the guarantor for all projects, therefore bringing higher levels of satisfaction to service providers and end customers. Our growth engine, TAG Financial, encompasses two divisions. TAG Financial Services (TFS) empowers TAG GRID members by managing the front end of the process, working with sales organizations, providing access to a suite of exclusive TAG and third-party lending products and cutting-edge fintech solutions. With TAG Capital, our dynamic in-house fund management division, we're taking it further—directly funding proprietary lending products while maximizing the value of our loan portfolios and investment tax credits (ITCs). As organic growth drives our core strategy, we're also accelerating our expansion through strategic acquisitions, using a proven strategy to secure forward-thinking companies across the alternative energy landscape that will drive incremental revenue, bring unique offerings and solidify TAG's place as the guarantor of all TAG GRID projects. Combined, these initiatives are propelling TAG forward, delivering exceptional value for our customers, employees, partners and investors. With TAG, the future of energy is here and now.
For more information, please visit us at https://www.awarenessgroup.llc/
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Forward-Looking Statements
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate, "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations"), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.
TAG Investor Relations and Media Contact:
Brian Siegel, IRC®, M.B.A.
Senior Managing Director
Hayden IR
(346) 396-8696
brian@haydenir.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225418
FAQ
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