Presented by Wunder Capital
Bloomberg New Energy Finance estimates that investment opportunity in the solar energy market through 2040 is approximately $2.8 trillion (see graph below). Much of that investment will come from governments and institutions. However, one firm, Wunder Capital, is allowing individuals to take part in the solar energy revolution by supporting small and medium sized businesses and nonprofits as they make the transition to solar energy.
The massive growth seen in the solar energy sector over the last few years has been primarily driven by project economics — meaning, that solar is now cost competitive with traditional energy sources like coal and natural gas. Solar has achieved a remarkable cost decrease of ~10 percent annually for the last 40 years (see chart below).
Even though the cost of solar is now competitive with other energy sources in many U.S. states, the upfront cost for small and medium sized businesses as well as nonprofits is still prohibitively expensive (with an average system cost of a $177,000). Because of this, the commercial solar sector has not grown nearly as quickly as residential and utility (see graph below).
Enabling the growth of solar through innovative investment
Wunder Capital’s mission is to help fix that. By providing simple, cost effective financing solutions to qualified borrowers across the U.S. to help them go solar, and save money each month on their energy bills. Wunder Capital has a network of 155 solar installers and developers across 30 states who send them projects to review on a weekly basis.
To date, Wunder Capital has completed over 120 solar financings across the U.S. In the first half of this year, Wunder has financed over 15 MW of solar through 50 large-scale projects, which in the first year alone will help to offset, 14,248,648 pounds of coal burned or 1,502,503 gallons of gasoline consumed.
7.5% annual return while helping the planet
An example of one of the companies Wunder financed this year is an international cold storage company with over 30 facilities across the United States that recently decided to take advantage of existing roof space by leasing it in exchange for cheaper electricity (case study below).
None of Wunder’s solar loan portfolios have suffered any losses or write-offs, meaning that investors’ projected returns have been met. Wunder Capital has two funds currently available for investors. The Wunder Income Fund and Wunder Capital 5. Both are available for a minimum $1,000 investment with no investor fees (through the end of 2017).
Wunder’s newest fund, Wunder Capital 5, was launched this October, and has raised over $3.5M from investors in its first 45 days. Wunder has achieved record project pipeline numbers in the last several months, with over $110M in commercial solar projects in October alone (chart below).
Here’s a quote from a current Wunder investor, and his experience thus far with Wunder Capital.
“I liked the market space Wunder looked to serve. Solar is but one of the many great ideas to keep literal energy flowing through the economy while leveraging established infrastructure and resources. The missing piece seemed to always be financing a long-term investment in an economy built on short-term results. Wunder spoke to this well and I bought in.” — Wunder investor Skip Larson
About Wunder Capital:
Wunder is a financial technology company that is based out of Boulder, Colorado. Founded in 2013, Wunder won the U.S. Department of Energy’s 2014 Sunshot Challenge, as well as COSEIA’s 2015 Summit Award. Wunder also participated in the Techstars technology accelerator program. Although Wunder’s solar funds are capitalized by individual accredited investors, the parent company and the operator of each of Wunder’s solar funds – The Wunder Company – is backed by venture capital (from the likes of Techstars Ventures, Fenway Summer, and Fintech Collective as well as others).
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