Solar power is the green energy wave of the future, offering businesses and consumers clean, affordable energy while protecting our environment and reducing greenhouse gases. Thanks to advances in technology, solar panels can now be installed at an affordable price, one unthinkable just a decade or so ago.
This has led to a rush of companies entering the solar energy field, eager to service a growing market. However, while many of these new companies are experts at installing and maintaining solar systems, they may not be aware of the complexities related to financing them — or of the critical importance of protecting their assets against the risk of a borrower becoming financially distressed.
Wolters Kluwer, industry leader in assisting solar companies with their UCC, search and filling needs, has created an infographic titled “Understanding and mitigating risk through the solar lending and servicing lifecycle.” This infographic explains in clear, concise terms the proper steps required to mitigate the risks involved with solar lending and servicing.
In this free infographic, solar companies will learn the meaning of protecting and perfecting financial interests, the basics of the Uniform Commercial Code (UCC), the different types of UCC filings and amendments, and the value of having a knowledgeable expert by your side to help you safely navigate the process.
For example, can you differentiate between the various types of UCC filings and amendments, and understand which ones would best protect you should a trigger event occur?
Do you know how long a UCC filing’s effectiveness lasts? Does it need to be updated? If so, when?
If you don’t know, or are unsure of the answers to these questions, then you need to read this informative piece.
