Luminia, formerly SD Renewables, has a new financing platform to connect commercial properties and businesses (many with new ESG goals) with renewable energy options. Luminia is pairing new financing solutions with proprietary technology to provide swift access to a suite of sustainability improvements, including solar, electric vehicle charging stations and other energy efficiency upgrades.
Partners can now utilize Luminia’s Clean Energy PPA, Credit Based PPA or C-PACE financing to provide commercial property owners financing without any money down, or any corporate or personal guarantees, to increase net operating income and asset value.
David Field, co-managing partner of Luminia, previously led the build of one of only five enterprise-grade residential solar sales, origination and finance platforms. This platform scaled to execute more than 8,000 residential solar transactions, totaling over $350 million. Jim Kelly, co-managing partner of Luminia, has over 30 years of experience in commercial real estate, including developing and acquiring more than $1 billion in real estate assets.
“Over the last three decades I have grown acutely aware of the challenges in financing sustainability improvements for the commercial real estate industry. This experience guided our approach to inventing new ways for commercial property owners to achieve their ESG targets,” said Jim Kelly, co-managing partner of Luminia.
Through the Luminia platform, partners can perform on-the-spot pricing and proposals, instant property prequalification and a property and portfolio analysis that results in higher volume of customer originations, decreased sales cycle time, and less friction to close transactions.
The property-based Clean Energy PPA and technology platform is already in use. Carondelet High School in Concord, California, is one example of a project operating almost exclusively on solar power to drastically reduce its energy bills and carbon footprint, completed in partnership with Sun Light & Power.
“Luminia provided us with a financing solution under a very short timeframe, and it turned out to be a better option than what others were providing. Luminia viewed us as a partner and wanted to serve us properly, treat us well and make us a priority – which was extremely important to us,” said Noah Galabow, CFO of Carondelet High School. “The primary measure of success for the project has been the energy savings. It has generated more than we initially expected, and with that we are seeing significant cost savings.”
Have you checked out our YouTube page?
We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.
Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.
We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.