EPC | Engineering, Procurement, and Construction

VALTA does what we do best so you can do what you do best. We develop and finance your solar projects affording you the freedom and flexibility to focus on your business development.

Whether you’re an electrical contractor or engineering, procurement, or construction provider (EPC), there is a high likelihood that you come across opportunities for solar systems with power purchase agreements (PPA) contracts regularly. The perception that solar development can be laden with pitfalls like interpreting complex tariffs and incentive programs, negotiation of site leases and power purchase agreements (PPA), overcoming financing obstacles and more, can make the process seem overwhelming. In addition to the risks and initial costs, who can you trust to get the job done, and in a way that makes economic sense. By partnering with VALTA, any worries of unforeseen risk, and initial costs to achieve project success are absorbed by us, allowing you the time stay on task with other projects and maintain a winning relationship with your customers.

With over a decade’s worth of experience, VALTA demonstrates reliable due diligence, opportunity analysis, deal negotiation, and innovative financing to bring solar opportunities at your customer sites to fruition. We are experts in taking projects from concept to financing, and on to the final stages of grid connection. During the development and financing process, we involve ourselves in as much or as little detail as you need.

We understand that you want to make a persuasive presentation with valuable solar expertise, ensuring your opportunity is financed and developed quickly and successfully for your customers. By partnering with VALTA in the early stages, we can work together to get you an exclusive contractual arrangement that is profitable for you and your customer.

VALTA Provides:

Regulatory evaluation and maximization of state/local incentive
Optimized project financing, including non-investment grade structures
Project screening/underwriting
Electric tariff & PPA savings analysis
Development of capital & expertise
Site lease & PPA negotiation
Long-term ownership & asset management
Funding for Solar opportunities of 300 kW (kilowatts) or greater
Design, procurement & engineering support
Solar opportunities of 300 kW (kilowatts) or greater

You Provide:

Solar opportunities of 300 KW (kilowatts) or greater
30,000 or greater sq ft for rooftop or 2 plus acres for ground mount
Design, procurement & engineering

Solar Project Funding for EPCs:

VALTA provides EPCs the full capital stack needed to fund solar projects
We offer both construction equity and takeout capital
We use a flexible approach, tailoring investments to our partner’s objectives

VALTA acquires projects from our developer/installer partner at Pre-Notice to Proceed or at Notice to Proceed. We are able fully monetizes the investment tax credit and other tax benefits. Upon acquisition, our purchase price is paid out in a series of milestone payments. Our financing covers the EPC Costs, any construction loan fees, and the rest is kept by you as a “Developer Fee.”

Construction Financing

VALTA Provides Capital for Construction

What is Solar Construction Financing?
Solar construction financing is a type of funding that’s used to finance the installation of a solar project. Construction financing can take the form of debt or equity. In most cases, a construction loan or line of credit is used and is periodically drawn from during system construction by the developer or EPC contractor.

How VALTA Finances Construction
VALTA invests in financing construction for solar projects at the NTP stage.

Many of our partners use traditional solar construction loans to finance EPC milestone payments. Often, Solar Construction Lenders require the solar developer, (or sponsor equity), to contribute the first 15% of costs before drawing on the construction loan.

VALTA provides the Construction Equity investment needed to cover the initial construction costs not covered by your loan. That way, you get the full amount of capital you need to drive the project to COD. Keep in mind, it’s okay if you don’t have a construction loan. VALTA can fund construction itself based on a milestone payment schedule.

Criteria for Investing in Solar Construction or EPC Finance
VALTA invests Construction Equity in solar projects at the NTP stage. In the world of solar project finance, the definition of NTP varies widely.

In general, VALTA considers a solar project ready for construction when all of the following conditions are met:

All revenue contracts are in place, meaning a signed PPA, and if applicable, executed REC Purchase Agreements and confirmed rebate awards
An executed EPC contract(s) for the project with rates, terms, performance guarantees and a construction schedule acceptable to VALTA
A construction loan capable of covering remaining build costs is ready to be drawn upon after meeting the proof of equity
The project has secured all applicable permits necessary to construct and operate the solar system
Site control is established via Site Lease, Site Easement, or an Option Agreement
If applicable, full interconnection approval from the utility

After our team reviews the information, we will follow up with you and request any other materials necessary for evaluation. Pending approval, we provide Construction Equity on the terms outlined below. If you don’t qualify for Construction Equity, you may be a good fit for pre-NTP Development Capital.

How We Structure Construction Equity
Typically, we structure Construction Equity as an equity investment in the project company (“ProjectCo”). The proceeds are solely used for expenses that qualify as “proof of equity” under the construction loan.

It is VALTA’s preference to provide the takeout financing on these projects too. In doing this, we simply deduct the Construction Equity repayment from the final Purchase Price we pay to you.

How We Structure EPC Finance
VALTA is also happy to provide EPC Finance. EPC finance is a term for funding solar installers and solar developers during the construction of a solar system, or multiple systems, by providing a line of credit or construction revolver to the EPC directly, rather than a loan to the solar project. The EPC can draw funds upon reaching certain construction milestones, thereby financing the installation of the system.

Development Partners
Click here for Development partner page

What does this mean for customers?

Financial savings to your customers from day one
Easy to understand financing
Financing covers roofing & solar costs
Enrich client’s property value
Ability to provide customers with a new financing opportunity
One-stop shopping for solar production & roof warranties

How this will grow your business?

Compared to traditional Power Purchase Agreements (PPA), VALTA’S PPA makes the qualifying process easier for your clients
Simple to sell financing
Technical advisors that provide a seamless process
A network of support for all your questions and references