HASI and IGS Solar Close Structured Equity Capital Partnership to Finance Residential Solar & Storage Systems
HASI (NYSE: HASI) has established a structured equity capital partnership with IGS Solar to finance residential solar and energy storage systems in the United States. The initial equity investment will finance a 71 MW portfolio deployment in 2025, primarily consisting of 25-year homeowner lease contracts across 11 states, with focus on New York, New Jersey, Pennsylvania, and Florida.
IGS Solar, established in 2017, has deployed over $1 billion in residential solar lease and PPA assets, serving approximately 30,000 homeowners across 10 states. Through this new partnership, IGS Solar aims to expand its reach to up to 60,000 customers over the next three years. The collaboration positions IGS Solar for growth as a major residential solar financing provider, offering consumer financial products and asset management services through various installer partners.
HASI (NYSE: HASI) ha instaurato una partnership per il capitale equity strutturato con IGS Solar per finanziare sistemi solari residenziali e di accumulo energetico negli Stati Uniti. L'investimento iniziale in equity finanzierà un dispiegamento di un portafoglio di 71 MW nel 2025, composto principalmente da contratti di locazione per proprietari di abitazioni della durata di 25 anni in 11 stati, con un focus su New York, New Jersey, Pennsylvania e Florida.
IGS Solar, fondata nel 2017, ha investito oltre 1 miliardo di dollari in contratti di locazione e PPA residenziali, servendo circa 30.000 proprietari di abitazioni in 10 stati. Grazie a questa nuova partnership, IGS Solar mira ad ampliare il proprio raggio d'azione fino a 60.000 clienti nei prossimi tre anni. La collaborazione posiziona IGS Solar per una crescita come importante fornitore di finanziamenti solari residenziali, offrendo prodotti finanziari ai consumatori e servizi di gestione degli asset attraverso vari partner installatori.
HASI (NYSE: HASI) ha establecido una sociedad de capital estructurado con IGS Solar para financiar sistemas solares residenciales y de almacenamiento de energía en los Estados Unidos. La inversión de capital inicial financiará un despliegue de un portafolio de 71 MW en 2025, consistiendo principalmente en contratos de arrendamiento de 25 años para propietarios de viviendas en 11 estados, con énfasis en Nueva York, Nueva Jersey, Pennsylvania y Florida.
IGS Solar, fundada en 2017, ha desplegado más de 1 mil millones de dólares en activos de arrendamiento solar residencial y PPA, sirviendo a aproximadamente 30,000 propietarios de viviendas en 10 estados. A través de esta nueva asociación, IGS Solar tiene como objetivo ampliar su alcance a hasta 60,000 clientes en los próximos tres años. La colaboración posiciona a IGS Solar para un crecimiento como un importante proveedor de financiación solar residencial, ofreciendo productos financieros para consumidores y servicios de gestión de activos a través de varios socios instaladores.
HASI (NYSE: HASI)는 IGS Solar와 함께 미국에서 주거용 태양광 및 에너지 저장 시스템을 금융 지원하기 위한 구조화된 자본 파트너십을 체결했습니다. 초기 자본 투자로 71 MW 포트폴리오 배치를 2025년에 금융 지원할 예정이며, 주로 11개 주에서 25년 계약의 주택 소유자 임대 계약으로 구성됩니다. 뉴욕, 뉴저지, 펜실베이니아 및 플로리다에 중점을 두고 있습니다.
2017년에 설립된 IGS Solar는 10개 주에서 약 30,000명의 주택 소유자에게 주거용 태양광 임대 및 PPA 자산으로 10억 달러 이상을 투자하였습니다. 이 새로운 파트너십을 통해 IGS Solar는 향후 3년 동안 최대 60,000 고객으로의 확장을 목표로 하고 있습니다. 이 협업은 IGS Solar가 주요 주거용 태양광 금융 제공자로 성장할 수 있는 기회를 제공합니다. 여러 설치 파트너를 통해 소비자 금융 제품과 자산 관리 서비스를 제공합니다.
HASI (NYSE: HASI) a établi un partenariat de capital structuré avec IGS Solar pour financer des systèmes solaires résidentiels et de stockage d'énergie aux États-Unis. L'investissement initial en capital financera un déploiement d'un portefeuille de 71 MW en 2025, composé principalement de contrats de location pour propriétaires de maison de 25 ans dans 11 États, avec un accent particulier sur New York, le New Jersey, la Pennsylvanie et la Floride.
Fondée en 2017, IGS Solar a investi plus d'un milliard de dollars dans des baux solaires résidentiels et des actifs PPA, servant environ 30 000 propriétaires de maisons dans 10 États. Grâce à ce nouveau partenariat, IGS Solar vise à étendre sa portée jusqu'à 60 000 clients au cours des trois prochaines années. Cette collaboration positionne IGS Solar pour une croissance en tant que fournisseur majeur de financement solaire résidentiel, offrant des produits financiers aux consommateurs et des services de gestion d'actifs par le biais de divers partenaires installateurs.
HASI (NYSE: HASI) hat eine strukturierte Eigenkapitalpartnerschaft mit IGS Solar gegründet, um Wohnsolar- und Energiespeichersysteme in den Vereinigten Staaten zu finanzieren. Die erste Eigenkapitalinvestition wird einen 71 MW Portfolio Einsatz im Jahr 2025 finanzieren, der hauptsächlich aus 25-jährigen Mietverträgen für Hauseigentümer in 11 Bundesstaaten besteht, mit einem Schwerpunkt auf New York, New Jersey, Pennsylvania und Florida.
IGS Solar, gegründet im Jahr 2017, hat über 1 Milliarde Dollar in Wohnsolarleasing- und PPA-Vermögenswerte investiert und bedient etwa 30.000 Hausbesitzer in 10 Bundesstaaten. Durch diese neue Partnerschaft zielt IGS Solar darauf ab, in den nächsten drei Jahren bis zu 60.000 Kunden zu erreichen. Diese Zusammenarbeit positioniert IGS Solar für Wachstum als wichtiger Anbieter von Finanzierungen für Wohnsolaranlagen und bietet Verbraucherfinanzierungsprodukte sowie Asset-Management-Dienstleistungen über verschiedene Installationspartner an.
- Partnership enables financing of 71 MW solar portfolio deployment in 2025
- 25-year lease contracts provide long-term recurring revenue
- Expansion potential to serve up to 60,000 customers over next three years
- Geographic diversification across 11 states reduces market risk
- None.
Insights
This structured equity capital partnership represents a strategic expansion into the rapidly growing residential solar financing market. The initial 71 MW portfolio deployment planned for 2025 signifies a calculated entry with meaningful scale. The 25-year lease contracts provide stable, long-term recurring revenue streams, effectively reducing investment risk while offering predictable cash flows.
The geographic diversification across 11 states, particularly in high-growth solar markets like New York and Florida, helps mitigate regional regulatory and market risks. IGS Solar's track record of deploying
From a financial perspective, residential solar assets typically generate attractive returns, often in the
The timing of this partnership is particularly strategic given the current dynamics in the residential solar market. With utility rates continuing to rise and increasing grid reliability concerns, consumer demand for solar-plus-storage solutions is accelerating. The focus on key markets like New York and New Jersey is notable, as these states have ambitious renewable energy targets and favorable net metering policies.
The inclusion of energy storage systems in the partnership scope is crucial, as the attachment rate of batteries to solar installations is expected to increase substantially. This provides additional revenue streams through potential grid services and peak demand reduction. The 71 MW portfolio could generate approximately 85-95 million kWh annually, enough to power roughly 8,000 homes and offset significant carbon emissions.
IGS's established presence as an independent energy retailer provides unique cross-selling opportunities and customer acquisition advantages. This vertical integration model could result in lower customer acquisition costs compared to pure-play solar financiers, potentially leading to higher margins and faster scaling capabilities.
The rooftop solar systems in the portfolio are primarily contracted to homeowners via 25-year leases, which enables homeowners to benefit from monthly savings on their electricity bills. The systems are expected to be located across 11 states, with a focus on
“IGS’s forward-thinking approach and well-established profile as one of the largest independent retailers, combined with their significant experience and growth as a residential solar sponsor, make them an ideal partner,” said Daniela Shapiro, Senior Managing Director of HASI. “This investment marks an exciting milestone, and we look forward to building a strong programmatic partnership with IGS Solar to advance our shared mission of creating a sustainable energy future.”
Since its establishment in 2017, IGS Solar has deployed >
“A strategic partnership with such an experienced financing partner in HASI will enable accelerated growth for IGS Solar in new markets and is expected to be the first of many, paving the way for future opportunities and advancements in the energy sector,” said Brandon Childers, COO of IGS Energy.
Marathon Capital, LLC served as financial advisor to IGS Solar.
About HASI
HASI (NYSE: HASI) is a leading climate positive investment firm that actively partners with clients to deploy real assets that facilitate the energy transition. With more than
About IGS Energy
IGS Energy is redefining what it means to be an energy retailer. We are leading a transition to a more sustainable energy future for a healthier planet by empowering home and business customers to source the energy that’s right for them, manage their costs and carbon footprint, and protect the systems that keep their homes running efficiently.
As a proudly private company that follows the principles of Conscious Capitalism, we prioritize the needs of our customers, our employees, and the communities where we live and work. IGS Energy offers sustainable technologies and services, including
IGS Solar is an affiliate of IGS Energy, since its establishment in 2017, the company has deployed over
View source version on businesswire.com: https://www.businesswire.com/news/home/20250116570513/en/
HASI
Gil Jenkins
media@hasi.com
IGS Solar
Jessica Spencer
Jessica.spencer@igs.com
Source: Hannon Armstrong Sustainable Infrastructure Capital, Inc.
FAQ
What is the size of HASI's initial solar portfolio investment with IGS Solar for 2025?
How many states will the HASI-IGS Solar partnership cover in 2025?
What is the duration of the residential solar lease contracts in the HASI-IGS partnership?
How many customers does IGS Solar expect to serve through the HASI partnership over three years?
How many homeowners has IGS Solar served since its establishment in 2017?
