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Solar Projects in the U.S. in 2024: Key Trends and Highlights

January 21, 2025 Categories: Contractors, EPC's, Solar EPC's Tags: Financing, renewable energy, solar projects root

As 2025 starts to unfold, the U.S. solar industry continues to experience rapid growth and transformation. From policy shifts to technological advancements, here are the key trends and highlights shaping solar projects which started in 2024 and are extending into this year.

Solar Projects in the U.S. in 2024: Key Trends and Highlights

Record-Breaking Installations
The U.S. solar market is on track for another record-breaking year, with an unprecedented number of installations projected across residential, commercial, and utility-scale sectors. Increased demand, coupled with supportive federal incentives like the Investment Tax Credit (ITC), is driving this momentum.
The Rise of Energy Storage Integration
Solar projects are increasingly paired with energy storage solutions to enhance grid reliability and provide round-the-clock power. This trend is particularly evident in utility-scale projects, where storage capacity has become a critical factor in securing contracts and meeting regulatory requirements.
Advancements in Solar Technology
2024 has seen significant advancements in solar panel efficiency and durability, reducing costs and improving project ROI. Bifacial panels, advanced inverters, and AI-driven energy management systems are gaining traction, enabling developers to optimize performance and maximize energy yields.
Policy and Regulatory Tailwinds
Federal and state policies continue to play a pivotal role in shaping the solar industry. Extensions of the ITC and new incentives for domestic manufacturing have bolstered investor confidence, while state-level renewable portfolio standards (RPS) are pushing utilities to expand their solar commitments.
Increased Focus on Corporate Sustainability
Corporations are driving demand for solar projects as part of their sustainability initiatives. Power Purchase Agreements (PPAs) and direct investments in solar assets have become popular strategies for companies aiming to meet carbon reduction goals and demonstrate environmental leadership.
Challenges in the Supply Chain
Despite growth, the industry faces challenges, including supply chain disruptions and rising material costs. Developers are navigating these hurdles by securing long-term supplier agreements and adopting innovative procurement strategies to maintain project timelines.
Expanding Access to Solar
Community solar programs and innovative financing models are expanding access to solar energy for underserved populations. This democratization of solar power is fostering inclusivity while creating new opportunities for developers.

Partnering for Success
At Greenday Finance, we’re committed to empowering EPCs and developers to navigate the evolving solar landscape. Our tailored financial solutions—from pre-qualified PPAs to fast-track funding, are designed to help you capitalize on the trends shaping 2024. With over a decade of experience, we’re your trusted partner in driving solar success.

Let’s shape the future of solar together. Contact Greenday Finance today to explore your funding options.

The Importance of Having the Right Funding for Your Solar Project

January 17, 2025 Categories: commercial, Contractors, EPC's, Solar EPC's Tags: Financing, renewable energy, solar projects Luis Casillas

The Importance of Having the Right Funding for Your Solar Project

In the rapidly evolving solar industry, having the right funding in place can mean the difference between a project’s success and its stagnation. For EPCs (Engineering, Procurement, and Construction firms) and developers, securing reliable and tailored financing solutions is not just an operational necessity but a strategic advantage.

Streamlined Execution for On-Time Completion Timely funding is critical to ensuring your solar project stays on track. Delays in securing financing can create bottlenecks, impacting everything from procurement schedules to project delivery timelines. With year-end deadlines and the race to lock in competitive tax incentives, such as the Investment Tax Credit (ITC), having funding ready to deploy ensures smooth execution and mitigates costly setbacks.
Unlocking Greater Project Value The right funding strategy can maximize the value of your solar project. Competitive financing options can reduce overall project costs, improve cash flow, and increase return on investment. For developers, this means more favorable terms for power purchase agreements (PPAs) and higher profitability, making projects more attractive to stakeholders and investors.
Adapting to Market Dynamics Solar projects operate in a dynamic market influenced by policy changes, technology advancements, and fluctuating energy prices. Flexible financing solutions allow EPCs and developers to adapt to these changes swiftly. Access to customized funding options, such as pre-qualified PPAs or fast-track financing, ensures your project remains viable and competitive in an ever-changing landscape.
Mitigating Risk Projects with insufficient or poorly structured funding are more vulnerable to unforeseen challenges, such as rising material costs, permitting delays, or labor shortages. By securing the right funding early on, you mitigate risks and ensure your project is financially resilient, even in the face of unexpected hurdles.
Building Long-Term Relationships Collaborating with the right financial partner goes beyond securing a single project’s funding. It opens doors to long-term relationships that can support future projects, provide expert guidance, and foster mutual growth. A trusted financial partner understands the unique needs of EPCs and developers, offering solutions tailored to your specific goals.

Partnering with Experts in Solar Financing At Greenday Finance, we specialize in providing customized financial solutions designed to meet the needs of EPCs and developers. Whether you need fast-track financing for a project nearing completion or pre-qualified PPAs to accelerate approvals, we’re here to help you navigate the complexities of solar project funding.

The right funding isn’t just about access to capital, it’s about aligning your financial strategy with your project’s vision and goals. Don’t let financing challenges hold you back from driving the solar revolution forward.

Let’s power your projects together. Contact us today to learn more about how Greenday Finance can support your solar initiatives.

Meet David Jimenez: The GDF Leader Driving Solar Project Financing and Supporting Nonprofits

September 30, 2024 Categories: solar system Tags: non-profits, solar projects, Team members Luis Casillas

For David Jimenez, vice president of sales for Greenday Finance (GDF), his job is about much more than simply making a sale.

“For me, it’s about doing good deeds on a daily basis. You not only help the client but a whole ecosystem. It will generate an environmental impact for a generation,” says Jimenez, who, in addition to his passion for the environment, counts among his interests animal welfare, poverty alleviation and solar services.

As a father of two, he’s especially interested in improving the environment. For his wife and kids, he often equates a successful solar project financing deal to planting a given number of trees that reduce carbon emissions.

Helping nonprofits serve their communities

But the impact of his solar finance job isn’t just environmental. He often works with nonprofit organizations looking to cut their energy bills. When he helps them do this, he’s aiding their efforts to serve more people.

Jimenez is excited that he’s helped install more than 800 solar projects over the last 10 years. Last year alone, he financed 91 solar projects. He has achieved this success by saying “yes” to his clients and offering out-of-the-box solutions, he says.

More traditional solar financiers will make a standard offer to all clients. But at Greenday Finance, Jimenez looks for custom solutions.

“We look for ways to say yes,” he says. If customers believe it’s not possible to finance a project, his job is to make the project happen.

Customized finance deals help solar projects move forward

Greenday Finance’s solar power purchase agreements (PPA) offer clients flexibility, no upfront payments and immediate savings. To customize a deal, Jimenez might offer more energy cost savings in the beginning of a contract or offer a longer term contract.

Finding solutions also means collaborating. Jimenez works closely with engineering and finance teams, and he recognizes that pooling team members’ experiences and expertise helps overcome obstacles.

“Collaboration not only sparks creativity but also ensures we get things done right,” he says. “At GDF, this team spirit is what sets us apart. With a diverse mix of backgrounds and plenty of know-how, I know I can count on my colleagues to handle any challenge.”

Moving solar financing along quickly

Jimenez is proud of his ability to meet an important challenge: financing solar projects quickly.

For example, recently an engineering, construction and procurement (EPC) firm and developer couldn’t find financing for a $1.5 million solar project in California, where projects are often hung up by financing.

Jimenez and his team developed a solution that allowed the project to be installed in 2024. This success began with a 15-minute call to Jimenez. The EPC firm and developer signed a nondisclosure agreement the next day and began reviewing the project that week. “In just five days, we delivered a prequalified PPA and helped them present it to the customer a couple of days later,” he says. “In less than three weeks, we went from perfect strangers to industry partners, providing day-one savings to the building owner.”

And of course this project, like all solar projects, yields environmental benefits.

“I’m proud of the impact I’ve had,” says Jimenez.

Posts Taged solar-projects

Solar Projects in the U.S. in 2024: Key Trends and Highlights

The Importance of Having the Right Funding for Your Solar Project

Meet David Jimenez: The GDF Leader Driving Solar Project Financing and Supporting Nonprofits