MyPower is SolarCity's new solar loan product that allows customers to own their solar system with no down payment. Through MyPower, customers purchase a solar system and enter into a 30-year loan agreement with SolarCity at an interest rate of 4.5-5%. Key benefits include low interest rates, long loan terms that match the system life, no lien on the home, and repayment based on energy production. The loan can be paid down over time and customers keep the tax credits. For SolarCity, MyPower expands the addressable market and provides long-term contracted cash flows.
Winning Renewable Energy Investment Strategies for Fortune 1000 FirmsICF
ICF International explores how the combination of rapid declines in capital costs, a proliferation of financing options, and growing interest in sustainability make renewable energy an attractive investment for many firms. Whether the customer is deploying its own capital or pursuing projects through power purchase agreements, these projects often carry underappreciated financial risks that impact this win.
Additional discussion topics include examples of on-site solar and off-site wind and solar projects to demonstrate how ICF evaluates project value and helps clients mitigate risks and navigate renewable energy investment strategies.
How the Energy Efficiency sector can embrace Exponential Leadership principles to spark meaningful change for the environment. Oct 2019 Keynote presentation at The Power of Collaboration conference hosted by ESG / Direct Technology.
Winning Renewable Energy Investment Strategies for Fortune 1000 FirmsICF
ICF International explores how the combination of rapid declines in capital costs, a proliferation of financing options, and growing interest in sustainability make renewable energy an attractive investment for many firms. Whether the customer is deploying its own capital or pursuing projects through power purchase agreements, these projects often carry underappreciated financial risks that impact this win.
Additional discussion topics include examples of on-site solar and off-site wind and solar projects to demonstrate how ICF evaluates project value and helps clients mitigate risks and navigate renewable energy investment strategies.
How the Energy Efficiency sector can embrace Exponential Leadership principles to spark meaningful change for the environment. Oct 2019 Keynote presentation at The Power of Collaboration conference hosted by ESG / Direct Technology.
Renewable Energy - Alternative business models & funding structuresStuart Anderson
2014 All Energy presentation on alternative business models for Australia's renewable energy sector. How to leverage disruptive innovation in a changing industry
Emerging Solar Strategies: How Innovative Companies are Using Solar to Reduce...Sustainable Brands
Photovoltaics and distributed solar generation have
redefined expectations, reduced costs, and rocked the
century-old utility business model. Solar costs have
dropped nearly 50%1 in just the past few years and
customer options are no longer limited to only a few types
of onsite systems.
This presentation by Brian MOTHERWAY, Head of Energy Efficiency Division (International Energy Agency) was made during the discussion “Radical innovation in the electricity sector” held at the 63rd meeting of the OECD Working Party No. 2 on Competition and Regulation on 19 June 2017. More papers and presentations on the topic can be found out at oe.cd/1ZW.
http://www.leonardo-energy.org/webinar/energy-efficiency-programs-and-policies
This session is part of the Clean Energy Regulators Initiative Webinar Programme.
Theme 8 - Promotion of Energy Efficiency
Module 3 - Energy Efficiency Programs and Policies
This webinar covers the three main delivery mechanisms that can be incorporated into a national policy to deliver energy savings and reduce greenhouse gas emissions.
First, it is presented the importance of having high-level policies and strategies clearly stated by the government, sometimes expressed more formally through enabling legislation on energy efficiency. Then, it is discussed the regulatory path to establish minimum requirements that each targeted stakeholder in the market has to comply with, which would include building codes, minimum energy performance standards (MEPS), energy manager regulations, mandatory disclosure of energy usage and an annual action plan. The discussion follows on how the government can launch support programs for energy efficiency or establish a regulatory framework that would obligate energy utilities to put programs in place, and to deliver energy savings to their customers. Finally, it is presented the market mechanism based on Energy Service Companies that can act as an integrator and catalyst of private investment in the market, and ultimately demonstrate that a market has been completely transformed towards a greener energy sector.
This Report on Financing Solar Energy provides policy recommendations to enable low cost financing and greater accessibility to finance for Solar Energy projects in India. The paper also highlights the barriers to financing for solar energy projects, the financing needs of the sector based on base case and best case scenarios, and the solutions to channel cost effective finance to the sector.
This presentation by Saskia LAVRIJSSEN, Professor of Economic Regulation and Governance of Network Industries at Tilberg University (Netherlands) and the Centre on Regulation in Europe was made during the discussion “Radical innovation in the electricity sector” held at the 63rd meeting of the OECD Working Party No. 2 on Competition and Regulation on 19 June 2017. More papers and presentations on the topic can be found out at oe.cd/1ZW.
November 21, 2013 | Next Steps: Financing solar for your business | James Ton...Fresh Energy
For many businesses and property owners, the high upfront cost of solar photovoltaic systems remains the single largest barrier to adoption. The solution? Solar financing. Fresh Energy’s solar financing event, the final installment of a three-part Solar Opportunities Series, will introduce participants to the range of current and emerging solar-financing options available in Minnesota. Learn more at fresh-energy.org/solarseries.
Renewable Energy - Alternative business models & funding structuresStuart Anderson
2014 All Energy presentation on alternative business models for Australia's renewable energy sector. How to leverage disruptive innovation in a changing industry
Emerging Solar Strategies: How Innovative Companies are Using Solar to Reduce...Sustainable Brands
Photovoltaics and distributed solar generation have
redefined expectations, reduced costs, and rocked the
century-old utility business model. Solar costs have
dropped nearly 50%1 in just the past few years and
customer options are no longer limited to only a few types
of onsite systems.
This presentation by Brian MOTHERWAY, Head of Energy Efficiency Division (International Energy Agency) was made during the discussion “Radical innovation in the electricity sector” held at the 63rd meeting of the OECD Working Party No. 2 on Competition and Regulation on 19 June 2017. More papers and presentations on the topic can be found out at oe.cd/1ZW.
http://www.leonardo-energy.org/webinar/energy-efficiency-programs-and-policies
This session is part of the Clean Energy Regulators Initiative Webinar Programme.
Theme 8 - Promotion of Energy Efficiency
Module 3 - Energy Efficiency Programs and Policies
This webinar covers the three main delivery mechanisms that can be incorporated into a national policy to deliver energy savings and reduce greenhouse gas emissions.
First, it is presented the importance of having high-level policies and strategies clearly stated by the government, sometimes expressed more formally through enabling legislation on energy efficiency. Then, it is discussed the regulatory path to establish minimum requirements that each targeted stakeholder in the market has to comply with, which would include building codes, minimum energy performance standards (MEPS), energy manager regulations, mandatory disclosure of energy usage and an annual action plan. The discussion follows on how the government can launch support programs for energy efficiency or establish a regulatory framework that would obligate energy utilities to put programs in place, and to deliver energy savings to their customers. Finally, it is presented the market mechanism based on Energy Service Companies that can act as an integrator and catalyst of private investment in the market, and ultimately demonstrate that a market has been completely transformed towards a greener energy sector.
This Report on Financing Solar Energy provides policy recommendations to enable low cost financing and greater accessibility to finance for Solar Energy projects in India. The paper also highlights the barriers to financing for solar energy projects, the financing needs of the sector based on base case and best case scenarios, and the solutions to channel cost effective finance to the sector.
This presentation by Saskia LAVRIJSSEN, Professor of Economic Regulation and Governance of Network Industries at Tilberg University (Netherlands) and the Centre on Regulation in Europe was made during the discussion “Radical innovation in the electricity sector” held at the 63rd meeting of the OECD Working Party No. 2 on Competition and Regulation on 19 June 2017. More papers and presentations on the topic can be found out at oe.cd/1ZW.
November 21, 2013 | Next Steps: Financing solar for your business | James Ton...Fresh Energy
For many businesses and property owners, the high upfront cost of solar photovoltaic systems remains the single largest barrier to adoption. The solution? Solar financing. Fresh Energy’s solar financing event, the final installment of a three-part Solar Opportunities Series, will introduce participants to the range of current and emerging solar-financing options available in Minnesota. Learn more at fresh-energy.org/solarseries.
Public Rooftop Revolution: Putting the Solar Shine on City BuildingsJohn Farrell
There are many stories on residential rooftop solar but few on what cities are doing to make themselves energy self-reliant by using their own buildings and lands to generate power.
In Public Rooftop Revolution, ILSR estimates that mid-sized cities could install as much as 5,000 megawatts of solar—as much as one-quarter of all solar installed in the U.S. to date—on municipal property, with little to no upfront cash. It would allow cities to redirect millions in saved energy costs to other public purposes.
From Drive Oregon's September networking event, "Driving on Sunshine: Market Opportunities at the Intersection of Electric Vehicles and Solar Power"
Presented by Keith Knowles, Regional Sales Manager in Oregon at SolarCity
Systematic Roadmap Approach on Solar CityVignesh Sekar
The Solar City aims at minimum % of reduction in projected demand of conventional energy through a combination of enhancing supply from renewable energy sources in the city and energy efficiency measures. In a Solar City all types of renewable energy based projects like solar, wind, bio mass, small hydro, waste to energy etc. May be installed along with possible energy efficiency measures depending on the need and resource availability in the city.
MALACCA GREEN HOLISTIC TOURISM CITY project has been conceptualized by a group of established businessmen, scientist, entrepreneurs and professionals. The project will be a role model in the promotion of Green, Sustainable , Unity and cultural practices and will indirectly contribute towards nation building efforts. It will in time become a priceless asset to all Malaysians. This project is also expected to assist the State of Malacca to overcome and alleviate some of the social problems among the youths. It is expected to raise the level of awareness among youths on the importance of religion and culture. This project has been fully supported by the Malaysian government on promoting our Malaysian Green and Sustainable Tourism. Many associations in Malaysia have given their support to this Green project. Besides, this project is supported by millions of Green supporters throughout the country. Upon completion, will showcase Malaysia as a multi-national country with a multi-religious cultural society living in peace, harmony and unity.
Emergent Ventures India Solar Consultancy ServicesSourav Adhikari
EVI is an integrated sustainability & clean energy consulting company headquartered in India. The focus areas of its work are Solar, Wind, Sustainable Development and Climate. EVI’s work encompasses advisory services around Policy & Strategy, Technology and Finance. EVI has worked for Governments (Ministries, Departments & Agencies), Development Banks, Donors, Private & Public Corporate and non-profit organizations in more than 25 countries. EVI’s team has a pool of experienced professionals with proven expertise in climate change mitigation & adaptation, NAMA, INDC, Ozone Depleting Substances (ODS), Climate vulnerability & risk assessment, Renewable Energy Project Development, feasibility study, DPR preparation, Corporate Sustainability disclosures & assurance, waste & water management, low carbon transport, GHG management, Smart grids, Smart Cities, Renewable Energy Zones, among others.
Presentation given by Brian DiGiorgio on the Panel: "After Recycling, Then Watt?" at the Great Valley Center's Sacramento Valley Forum on October 27, 2010 in Chico, CA.
PPP Loan Forgiveness and Tax Considerations for the Construction IndustryWithum
Join Withum and CFMA South Jersey Chapter for the latest update on PPP loan forgiveness for the construction industry.
As the SBA continues to release guidance, many questions remain surrounding PPP Loan forgiveness. Presented by Withum’s Daniel Mayo, National Lead, Federal Tax Policy, Frank Boutillette, CPA, CGMA, Ron Martino, CPA, CCIFP, Joe O’Drain , CPA and Kim Hullfish, CCIFP, MBA, CRIS, Controller at C. Abbonizio Contractors Inc. and CFMA South Jersey Chapter Board Member. This webinar will provide guidance on PPP Loan Forgiveness and how you can prepare your construction organization for maximum forgiveness.
Attendees will be able to:
-Interpret the updated PPP Loan Forgiveness Application Forms by the SBA (Standard and EZ applications)
- Assess corporate tax provisions of the CARES act
- Identify Accounting/GAAP treatment of PPP loan forgiveness on year-end financial statements
PPP Loan Forgiveness and Tax Considerations For the Construction IndustryWithum
Withum’s Construction Services Team is partnered up with New Jersey Subcontractors Association and New Jersey Land Improvement Contractors of America to host a forum regarding Paycheck Protection Program (PPP) Loan Forgiveness and Tax Considerations for the Construction Industry.
Community Solar: Overview of an Emerging Growth MarketScottMadden, Inc.
Community solar is a rapidly emerging model that combines the value of direct customer “ownership” of rooftop solar with the flexibility and economic advantages of utility-scale solar. Successfully implementing a community solar program is not simple and requires a coordinated approach to successfully enter the market. ScottMadden has assisted clients directly with the development and evaluation of community and rooftop solar programs. Our deep understanding of utility businesses has helped us assist in implementing new technologies for utilities from rooftop solar to electric vehicles. Download this report or visit www.scottmadden.com to learn more about the community solar market and our capabilities to help.
This PowerPoint is a discussion of options for financing clean energy. It describes financing processes, and outlines specific options related to on-bill financing structures, 3rd party structures and commercial lending structures. It was originally presented to RE-AMP, an organization of environmental advocates operating primarily in the Midwest.
Financing Policy Webinar with Congressman Israel and Matthew Brown - Matthew ...Alliance To Save Energy
November 19, 2009 - The Alliance hosted a webinar that addressed a range of current financing proposals, including a discussion by Congressman Israel on Property Assessed Clean Energy (PACE) bonds and an overview by Matthew Brown on models of clean energy financing.
Presentation about why businesses should consider installing solar panel systems and available financing options, including loans, capital leases, operating leases, and power purchase agreements (PPAs)
MARINET – National Technology Initiative (NTI) is a key long-term program of the public-private partnership in the development of promising new markets based on high-tech solutions that will determine development of the global and Russian economy in the next 15-20 years.
MARINET was established in 2015 and involves a wide range of organizations providing advanced technologies for the maritime industry – from the leading corporations and universities to startup companies and research teams. Currently it joins several hundreds representatives from technology companies, leading universities, research and scientific centers, development institutions, business associations, ministries and government agencies.
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Slack (or Teams) Automation for Bonterra Impact Management (fka Social Soluti...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on the notifications, alerts, and approval requests using Slack for Bonterra Impact Management. The solutions covered in this webinar can also be deployed for Microsoft Teams.
Interested in deploying notification automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
UiPath Test Automation using UiPath Test Suite series, part 3DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
2. Slide 2
MyPower Product Overview
For more information about the MyPower product, please refer to our website at:
• http://www.solarcity.com/residential/mypower-solar-loan
• http://blog.solarcity.com/mypower-qa
MyPower is Our New Solar Loan Product
Gives customers the opportunity to own their solar system, with zero down payment for the
customer and the potential to lower monthly utility bills
Customers purchase a solar system and contemporaneously enter into a 30-year loan
agreement with a SolarCity subsidiary at an interest rate of 4.5-5.0%
Key Features of the MyPower Solar Loan
Low interest rate compared to other solar loans on the market
30 year term better ties to the expected life of the system
Secured by the solar system and not the home (no lien on customer’s home)
Repayment of the loan is effectively based on the amount of energy the system produces; the
higher the energy production, the faster the loan is paid off
No prepayment penalties
Loan can be paid down to reduce the subsequent $/kWh repayment rate
Customer can claim 30% of the system's total cost as a federal investment tax credit [ITC] and
use it as a kWh rate reduction payment
3. Slide 3
MyPower Value Propositions
Customers
System ownership with no down
payment
Monthly payments imply lower monthly
energy costs
Loan repaid as energy produced
Adds value to the home; loan payoff
and transfer may be included in a
home sale or mortgage refinancing
Simple loan qualification process,
terms and conditions
30 year warranty and performance
guarantee at no additional cost
Customer retains benefits of the
investment tax credit [ITC] and
Incentives, subject to balloon payment
due on June 1st of the year after
installation
SolarCity
Expands addressable market to
include homeowners who prefer to
own not lease
High visibility into cash flow
generation with contracts of up to 30
years with high credit quality
customers
Financing is not limited to the
availability of capital from traditional
tax equity sources
Financial flexibility to potentially
include customer cash flows in future
asset backed securitizations
4. Slide 4
Residential PPA, Lease and MyPower Comparison
PPA ('Zero-down') Lease MyPower
Key Contractual
Terms
System Ownership SolarCity or affiliates SolarCity or affiliates Customer
Minimum contract term
(most jurisdictions)
20 years 20 years 30 years
Warranty & Performance
Guarantees
20 year warranty; no performance
guarantee
20 year warranty and performance
guarantee
30 year warranty and performance
guarantee
Customer payments
Variable as power produced with
fixed annual rate escalation
Fixed with annual rate escalation
Variable as power produced with
fixed annual rate escalation, subject
to balloon payment
Rebate and Incentives SolarCity SolarCity Customer
Accounting
Treatment
Revenue recognition On energy production Straight-line over lease term
Installment basis as cash received
from customer payments
Cost recognition System depreciated over 30 years System depreciated over 30 years
Installment basis as cash received
from customer payments
Asset classification
Solar energy systems leased and to
be leased
Solar energy systems leased and to
be leased
Other assets, current & non-current
Customer loan receivable N/A N/A
Customer notes receivable, current
and non-current
Deferred revenue N/A
Yes – if customer lease payments to
date > straight-lined revenue
recognized to date
Yes – represents revenue
associated with system sale
recognized as loan repaid
5. Slide 5
MyPower Accounting Example
Assumptions
System Sales Price $30,000
Federal Tax Credit (30%) ($9,000)
Incentives ($1,000)
Net Cost to customer $20,000
Customer loan and interest
payments Year 1
$2,450
Customer loan and interest
payments Year 2 (assumes
customer receipt of ITC in Year 1,
and rate reduction payment to
SolarCity in Year 2)
$10,950
Total system cost* $15,000
MyPower loan interest rate 5%
This example ignores impact of sales tax, SRECs,
warranty estimates, loan origination expenses and
assumes interest on loan assessed at the end of the
year. Interest income computation is an estimation
only and is used for illustrative purposes in this
example.
* Includes costs of system components and other
materials, burdened labor, sales and marketing, and
general and administrative costs, excludes certain
non-cash items.
This accounting model is potentially subject to change
on the adoption of the new accounting standard ASU
No. 2014-09 applicable 1/1/2017.
Balance Sheet Income Statement
Year 1 Debit Credit Debit Credit
Solar System
installed
Other assets
Inventory
$15,000
$15,000
Solar Loan
executed
Customer loan receivable
Deferred Revenue
$30,000
$30,000
Customer
payments received
Cash
Customer loan receivable
$1,000
$1,000
Installment
revenue
recognized
Solar energy system sales
Deferred Revenue $1,000
$1,000
Installment cost of
system recognized
Cost of solar energy system sales
Other Assets $500
$500
Interest income
revenue on receipt
of interest payment
Cash
Interest income revenue on customer loan
$1,450
$1,450
Year 2
Customer
payments received
(assumes payment
of ITC received)
Cash
Customer loan receivable
$10,000
$10,000
Installment
revenue
recognized
Solar energy system sales
Deferred Revenue $10,000
$10,000
Installment cost of
system recognized
Cost of solar energy system sales
Other Assets $5,000
$5,000
Interest income
revenue on receipt
of interest payment
Cash
Interest income revenue on customer loan
$950
$950