Boston, MA — At BlueWave Solar we lead in the development and financing of solar energy projects and provide services that have enormous economic benefits to communities, non-profits, homeowners and construction workers throughout Massachusetts.  We are also providing real savings to homeowners in other states including North Carolina, South Carolina and Rhode Island.  These benefits are driven in large part by the enormous improvements the industry has achieved over the past decade and state-level leadership in energy policy.

We are very disappointed that the U.S International Trade Commission (US ITC) found in favor of Suniva and SolarWorld’s complaint, which puts at risk these benefits and the more than 250,000 solar jobs might be harmed by new tariffs on solar panels; however, BlueWave, our customers, our projects and our communities are resilient and will overcome this. It is our hope that during the remedy phase, the US ITC takes the severe negative impact a tariff will have on the US solar industry into account.  Any tariffs recommended by the U.S. International Trade Commission should be minimal, exempt countries with existing trade agreements with the US, and be set to decline rapidly.

BlueWave is especially grateful to our partner installers, many of whom are small business owners, who work hard every day to help achieve our mission of making solar available to everyone, everywhere a reality. We stand with solar installers and manufacturing workers, who are the back bone of the solar industry, as they will be severely impacted by an aggressive tariff.

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Media Contact: Mark Sylvia, Managing Director of External Affairs, msylvia@bluewavesolar.com

About BlueWave Solar

BlueWave Solar (“BlueWave”) is a renewable energy company founded on a mission to make solar available to everyone, everywhere. BlueWave’s proprietary fintech platform delivers innovative, high-value products and services to its partners and customers, enabling communities and consumers to choose local, low-cost renewable power. From developing high-quality solar projects that allow customers to participate in BlueWave Community Solar, to financing residential rooftop solar with the BlueWave Home Solar Loan, BlueWave empowers its partners and installers to deliver a seamless home solar solution. That’s the BlueWave vision for a cleaner planet and our energy solution for the “100%.”

With more than 50 employees in Massachusetts, North Carolina, South Carolina and South Africa, BlueWave has developed and built more than 100 megawatts of solar projects to date, delivering over $275 million dollars in estimated lifetime savings to our customers while reducing CO2 by 98,000 metric tons annually – the equivalent of taking 19,000 cars off the road. We work with more than 30 public entities and have thousands of community solar and Home Solar Loan customers.

BlueWave is a Certified B Corporation and was recently recognized as one of the fastest growing private companies in the US by the Inc. 5000 and the Boston Business Journal. For more information visit www.bluewavesolar.com

 

Boston, MA – On Tuesday September 20, BlueWave Solar represented members of the clean energy industry of Massachusetts along with Ameresco and Anbaric in providing the Joint Committee on Telecommunications, Utilities and Energy with testimony in favor of increasing Massachusetts’ Renewable Portfolio Standard (RPS).

BlueWave is proud of Massachusetts’ robust clean energy economy and believes that increasing the RPS will keep up the momentum of innovation in Massachusetts and meet citizen demand for access to renewable energy.

See the full text of the testimony below:

TESTIMONY OF MARK SYLVIA, MANAGING DIRECTOR OF EXTERNAL AFFAIRS, BLUEWAVE SOLAR
BEFORE THE JOINT COMMITTEE ON TELECOMMUNICATIONS, UTILITIES AND ENERGY
TUESDAY, SEPTEMBER 19, 2017 – 1PM, STATE HOUSE – ROOM A2

Good Afternoon, Chairman Golden, Chairman Barrett and members of the Committee.   Thank you for the opportunity to appear before your committee today to provide testimony in favor of increasing the Renewable Portfolio Standard (RPS).

For the record, my name is Mark Sylvia, I am the Managing Director for External Affairs at BlueWave Solar, a Boston based renewable energy company.  I am also President of the Solar Energy Business Association of New England, an industry association representing solar companies in Massachusetts and throughout New England.   Prior to joining BlueWave, I held various energy positions within the Patrick Administration including as Commissioner of the Department of Energy Resources and Undersecretary for Energy.  Prior to that, I worked in local government as Town Manager for the Town of Plymouth.   Throughout my career in public service and now at BlueWave, I have seen how making clean energy available and accessible to our citizens and businesses provides long term environmental and economic benefits.

Founded in 2012, BlueWave now employs 50 people in Massachusetts, and 8 in California, North Carolina, South Carolina and South Africa.   We have installed over 100 MW of solar capacity in Massachusetts to date, have over 1,000 community solar customers including residents, affordable housing facilities, small businesses and municipalities saving them over $20.6 million over the life of their contracts   And we have provided residential solar loans to over 600 homeowners in Massachusetts, saving those customers, on average, $24,000 in electricity costs.

Businesses like BlueWave and the close to 500 other solar companies that exist in Massachusetts today, have grown the solar economy to approximately 14,500 jobs, a part of the clean energy economy that today employs over 100,000 people.

This is due in large part to nation leading laws enacted by the General Court, including the 2008 Green Communities Act, which among other things increased the RPS to 1% per year, and to the innovative policies implemented by the Patrick and Baker Administrations furthering our adoption of renewables through the SREC program and SMART.  

There are over 70,000 solar installations across the Commonwealth of Massachusetts on homes, businesses, landfills, schools and municipalities driving millions of dollars in electricity savings to customers.  

This growth and the direct benefits to customers coupled with close to $5 billion dollars invested in solar in Massachusetts, and reductions in panel and incentive costs all demonstrate that the RPS is the most cost-effective way to grow the development of clean energy and reduce harmful carbon emissions, two things our existing laws require and our citizens demand.

Massachusetts has been a leader on society’s most pressing issues throughout our history, including the challenge of climate change.  We have always been thoughtful about both the environmental and economic impacts of these decisions.  The nation looks to our leadership on these issues. 

Some argue that any increase in the RPS will result in additional costs that outweigh the environmental, health and economic benefits.  In fact, Massachusetts has proven that investing in the clean energy economy, whether through energy efficiency or renewables, we are able to generate job growth, reduce costs and reduce carbon emissions. 

An increase in the RPS will continue this momentum, while supporting citizen demand for access to renewable energy.  It will generate more jobs, send important market signals to encourage further investment and development of renewables, will strengthen our ability to meet our GHG emissions reduction requirements and it will provide an important hedge against the price volatility of fossil fuels such as natural gas, which makes up 50% of our existing electricity generation.  Renewable energy has zero fuel cost – to take full advantage of this benefit, we must act now.

Thank you again for the opportunity to appear before you today.

Home Solar Loan offering brings BlueWave’s proven loan product to Ocean State Homeowners

Boston, MA – September 7, 2017

BlueWave Solar (“BlueWave”) of Boston, MA, a solar fintech and community solar company, announced the Rhode Island launch of its premier Home Solar Loan today. This product offers Rhode Island homeowners up to $100,000 in financing for their home solar system with 12 and 15-year term options and an 18-month interest-only period.

BlueWave’s Home Solar Loan is the result of a partnership with Avidia Bank of Hudson, MA, one of the fastest-growing regional banks in the Northeast. With Avidia, BlueWave launched the Home Solar Loan in Massachusetts in January of 2016, followed by offerings in North Carolina and South Carolina also in 2016.

Applying for a solar loan has never been easier.  BlueWave’s preferred partner network includes a list of select local Rhode Island solar installers who are now offering the Home Solar Loan throughout Rhode Island. These installers work with homeowners using BlueWave’s Solar Loan Portal, making it easy and secure for customers to sign up and get approved for solar financing.  Qualified applicants are approved within minutes and the entire loan application and contract execution happens online.

“We are thrilled to be launching BlueWave’s Home Solar Loan in our neighboring state of Rhode Island,” said Trevor Hardy, BlueWave’s CEO.  “We’re working with a network of local solar installers to bring this product to communities throughout the state and will be helping our customers reap the maximum benefit from their decision to go solar. Our focus is to make the financing part of the solar experience as seamless as possible for both the customer and the installer.”

By partnering with BlueWave, we see an opportunity to help individuals, families and businesses lower energy costs by improving their access to alternative energy sources in the form of solar power,” said Mark O’Connell, Avidia Bank’s President and CEO.  He added, “We believe the Home Solar Loan is a great option for homeowners and we are eager to be part of BlueWave’s expansion into Rhode Island.”


Rhode Island’s Renewable Energy Growth and Solar Rebate programs offer residents substantial incentives for investing in rooftop solar systems. This, combined with the Federal ITC have made Rhode Island a top U.S. state for solar development.

Look for announcements on our further expansion of the Home Solar Loan when BlueWave launches this product in other states later this year.

Media Contact:
Mark Sylvia
Managing Director – External Affairs
Telephone: (508) 858-7123
Email: msylvia@bluewavesolar.com

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About BlueWave Solar

BlueWave Solar is a renewable energy company founded on a mission to make solar available to everyone, everywhere. BlueWave’s proprietary fintech platform delivers innovative, high-value products and services to its partners and customers, enabling communities and consumers to choose local, low-cost renewable power. From developing high-quality solar projects that allow customers to participate in BlueWave Community Solar, to financing residential rooftop solar with the BlueWave Home Solar Loan, BlueWave empowers its partners and installers to deliver a seamless home solar solution. That’s the BlueWave vision for a cleaner planet and our energy solution for the “100%.”

BlueWave has developed and built more than 100 megawatts of solar projects to date, delivering over $275 million dollars in estimated lifetime savings to our customers while reducing CO2 by 98,000 metric tons annually – the equivalent of taking 19,000 cars off the road. We work with more than 30 public entities and 1,000 community solar customers. In addition, through the Home Solar Loan program BlueWave has financed more than 650 rooftop solar systems since early 2016.

BlueWave is a Certified B Corporation and was recently recognized as one of the fastest growing private companies in the US by the Inc. 5000 and the Boston Business Journal. Visit us at bluewavesolar.com to learn more. For more solar and BlueWave news follow us on social media.

 

Facebook: www.facebook.com/BlueWaveSolar

Twitter: www.twitter.com/BlueWaveSolar

Instagram: www.instagram.com/BlueWaveSolar

LinkedIn: https://www.linkedin.com/company/bluewavesolar

About Avidia Bank

Avidia Bank provides state-of-the-art electronic banking capabilities to businesses and consumers across Central Massachusetts through online access and full-service branches. Avidia Bank is a $1.3 billion bank, headquartered in Hudson, MA with branches in Hudson, Westborough, Clinton, Leominster, Marlborough, Northborough and Shrewsbury. Visit us at avidiabank.com and follow us on social media including Twitter, Facebook and LinkedIn.