EP 8 - Dave Kenny on Third-Party Ownership Models in Solar Energy

In this episode of The Future of CRE Sustainability, Sean sits down with Dave Kenny, COO and Co-founder of Omnidian, to discuss the critical role of proactive performance management in maximizing the value of solar investments, highlighting how many asset owners overlook this aspect.
He also dives into the significance of third-party ownership models, which have made solar more accessible to a broader audience. Additionally, Dave shares insights on the resilience of the solar market amidst fluctuating utility prices and regulatory changes, emphasizing the importance of strategic management for long-term success in commercial real estate sustainability.
Topics discussed:
The importance of proactive performance management in solar energy to ensure asset owners maximize their investments and avoid costly issues over time.
How fluctuating utility prices create a demand for solar solutions, allowing consumers to take control of their energy consumption and costs.
The evolution of the solar industry from technology challenges to business model innovation, focusing on user adoption and scalability.
The impact of third-party ownership models, such as power purchase agreements (PPAs), on making solar energy more accessible.
Key milestones in the solar industry, including the transition to financing models that support both commercial and residential solar installations.
The dynamic mix of financing options available in the solar market, including cash, loans, and third-party ownership, and their implications for adoption.
The value of timely issue identification and communication in maintaining solar asset performance.
The role of federal- and state-level policies in shaping the solar industry, including the Investment Tax Credit (ITC) and its effects on market growth.
Future trends in sustainability, including the convergence of solar, battery storage, and EV charging technologies to create integrated energy solutions.
The challenges and opportunities for solar investors as they navigate regulatory changes and market dynamics in the coming years.