# The Future of Solar Finance in the US

> Opportunities and Challenges for Small & Medium-Scale Businesses

Source: https://valuexpa.com/publication/The-Future-of-Solar-Finance-in-the-US
Publisher: ValueXPA (https://valuexpa.com)

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## Executive summary

S. solar energy sector, small and medium-scale businesses are the protagonists, navigating a landscape shaped by technological progress, cost efficiencies, and government support. Their journey is marked by the pursuit of cost reduction and the exploration of financial incentives, while also harnessing the power of storage solutions. Regulatory policies and sustainability are the compass guiding their path. The plot thickens with the introduction of the Inflation Reduction Act, a potential game-changer that could further shape the financial and accounting aspects of their operations, ultimately enhancing the economic benefits of solar energy. Introduction The U.S. solar energy sector has emerged as a key player in the transition to a low-carbon economy, with solar capacity reaching over 100 GW in 2021. In 2022, this growth continued, with the solar industry installing an impressive 24.

## Key findings

- Streamlined permitting processes Standardizing and simplifying permitting processes can reduce administrative costs and project delays
- These soft costs can account for up to 64% of the total cost of residential solar installations as reported by the National Renewable energy Laboratory
- Strategies to reduce these costs include: Standardized installation practices Adopting best practices and standardized installation techniques can lower labor costs and improve efficiency
- The Solar Training and Education for Professionals (STEP) is a program funded by the U.S

## Who this is for

This report is for CFOs and finance leaders, mid-market business leaders, and energy and cleantech executives.

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ValueXPA runs a fixed-scope Margin Drift Diagnostic that validates every service vendor invoice against contract terms, for $100M+ US industrial manufacturers and distributors. Two to four weeks. The client retains 100% of recoveries. https://valuexpa.com/contact-us