Technology Credit Corporation Utilizes The Energy Toolbase Software Platform to Analyze Solar Project Savings
by Adam Gerza on Mar 04, 2015
commercial solar analysis
SAN JOSE, California – Technology Credit Corporation (TCC), a leading financier of commercial solar photovoltaic (PV) systems, has formally endorsed Energy Toolbase as its software platform of choice for calculating energy savings. TCC has financed over 300 commercial PV systems ranging in size from 30 kW to 800 kW, making it one of the largest providers of commercial solar financing in the United States. In addition to using Energy Toolbase internally to validate energy savings, TCC is recommending the platform to its network of solar partners nationwide.
“In our experience financing commercial solar systems, we’ve seen two issues with predicting customer savings.” said Mark Schmidt, Vice President of Business Development at TCC. “The first issue is that many installers just ‘guesstimate’ savings using a best-guess, simple cents per kilowatt-hour. This is insufficient when proposing long-term financing for a sophisticated commercial customer. The second issue is that even experienced commercial installers leave money on the table because they are not comfortable modeling rate changes and the impact of solar on demand charges. Energy Toolbase solves both of these issues because it is user-friendly and does the math precisely and transparently, which is why TCC recommends the platform to both new and experienced commercial solar installers.”
When I originally set out to build the Energy Toolbase software platform a couple years ago, the initial target user was a sophisticated commercial solar installer. I believe we’ve met that target and now we’ve also made the tool easier to use for installers who are moving up from residential to commercial.
Energy Toolbase is licensed by solar developers nationwide to calculate energy savings, model project economics, and create customer facing proposals. The software-as-a-service product is now being licensed by over one hundred firms in the distributed generation space, including leading solar PV and advanced energy storage developers, energy consultants, and financing companies. The product formally launched in July of 2014.
“When I originally set out to build the Energy Toolbase software platform a couple years ago, the initial target user was a sophisticated commercial solar installer. I believe we’ve met that target and now we’ve also made the tool easier to use for installers who are moving up from residential to commercial ” said John Gurski, the founder and CEO of Energy Toolbase. “We’re thrilled to get the formal endorsement from a reputable and experienced financing company like Technology Credit Corporation, and we are looking forward to working with their network of installation partners.”
About Technology Credit Corporation:
Technology Credit Corporation was founded in 1988 in the heart of the Silicon Valley. Since its inception, TCC has financed over $2 billion of technology equipment. In 2007 TCC expanded into financing solar equipment. TCC distinguishes itself by being the only national solar financier for small commercial and non-profit customers with a portfolio projects of over 300 projects from Hawaii to Massachusetts. Learn more at www.creditcorp.com.
About Energy Toolbase:
Energy Toolbase is an industry leading software platform for analyzing and proposing the economics of solar PV and energy storage projects. Hundreds of the leading renewable energy developers nationwide use our software-as-a-service product to accurately, objectively and transparently analyze their projects and create customer facing proposals. For more information or to request a free trial, visit: www.energytoolbase.com
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