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Sun Bandit Doubles Down at SPI 2016, Las Vegas and Wins Big

Sun Bandit®

Sun Bandit There’s a reason that Solar Power International (SPI) has evolved into North America’s largest solar trade show. The camaraderie, entrepreneurial spirit and business alchemy of the 17,700 clean tech enthusiasts the show attracted this year was exhilarating. 

SPI’s Las Vegas venue might be known as Sin City, but for Next Generation Energy’s Sun Bandit, this year it was WIN City.

For the first time, newly-ICC-SRCC OG-100 and OG-300-certified Sun Bandit was invited to participate in SPI’s annual Poster Reception, sharing insights on how solar PV is redefining solar water heating and affording builders, contractors and distributors a bevy of new revenue opportunities and tax incentives.

This year, we engaged policymakers, investors and solar enthusiasts representing utilities, developers, entrepreneurs and businesses from Australia to Argentina, from Mexico to the UK and from Costa Rica to Kenya – many eager to learn how Sun Bandit’s patented, PV-powered solar water heating systems can deliver value to their respective projects on or off the grid.

Heartfelt thanks to those of you who were able to swing by and visit with us. We’re eager to keep the dialogue going – and your business opportunities flowing!

They say Las Vegas is all about the numbers. Along with the 10 solar milestones we announced in the weeks leading up to SPI, the Next Generation Energy team closed the show with a duo of exciting Sun Bandit announcements to inspire new business:

Sun Bandit® Qualifies for PACE Financing with World’s Largest PACE Provider: Renovate America’s HERO Program

With Energy Star certification, UL-Listing in the US and Canada and ICC-SRCC OG-100 and OG-300 certification under its belt, Next Generation Energy received confirmation at SPI that Sun Bandit product and installation costs are eligible for PACE financing with Renovate America’s HERO, who has financed over $1.75 billion in clean energy projects since 2011. PACE (Property Assessed Clean Energy) allows residential and commercial property owners to finance 100% of over 60 categories of renewable energy, energy efficiency and water conservation improvements with no money down, no FICO score requirements nor encumbrance of personal or business credit. Eligibility is based strictly on property values. Financing is repaid over periods of up to 25 years via voluntary assessments on property tax bills.

HERO itself announced several new PACE financing programs at SPI, including HERO Direct Pay, which affords contractors the opportunity to order and ship project materials from key distributors with zero cash out of pocket – and without  expending credit on essential job materials. HERO Project Advance allows qualifying contractors to receive up-front advances of up to 30% of a HERO-approved project amount (this includes materials and labor).

Because PACE promotes ownership of money-saving solar, energy efficiency and storage solutions, property owners buying and installing Sun Bandits with PACE also qualify for eligible local, state and federal incentives. And if a property is sold, financing balances transfer to the new owners.

Next Generation Energy Partners with Saga Solar to Empower Native Americans

Sun Bandit’s second SPI achievement has Next Generation Energy delivering Seventh Generation ideals for Native Americans. Saga Solar (the first and only solar panel manufacturer to be Indigenously-owned and located within the territory of a First Nations’ tribal land) and Sun Bandit parent Next Generation Energy have reached an agreement to incorporate Sun Bandit® solar hybrid water heating systems and Saga Solar modules into the first generation of affordable, net-zero housing to be built on Indigenous lands.  

The homes are part of the Wakaiagon housing development on Minnesota’s Leech Lake Territory, whose pilot phase calls for 24 sustainable homes to be built and ready for occupancy by summer 2017. Future phases have the capacity to sate the HUD(2)-defined shortage of an additional 4,700 homes on Leech Lake Territory.  A broader view reveals the need for as many as 385,000 new households on tribal lands across North America.

The fruits of doing business at North America’s largest solar trade show are already materializing. But the harvest is just beginning.  

CLICK or call 877-NGE-4SUN to learn about Sun Bandit Dealer and Distributor opportunities.

(1) U.S. Patents 8,909,033; 8,977,117 and 9,002,185. Other patents pending.
(2) U.S. Department of Housing & Urban Development (www.hud.gov)
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