During the loan tenor you will be able to follow the progress of your investment through your Dashboard. Below we will explain how this impact data is being reported to Trine and later presented to you.
Impact reporting for Solar Home Systems
As part of our agreement with our borrowers, Trine has access to data which shows the installation rate of solar systems. When a loan is given to a borrower, they will mark the systems that are Trine financed and this information is used for impact reporting.
Impact will only be reported if Trine can see the solar system is shown to be installed, working and Trine has financed it. We will take the number of systems and use the industry standard calculation to measure the impact in terms of the number of people with access to electricity and the amount of CO2e that is being avoided.
Impact reporting for Commercial and Industrial solar
Trine requires the same level of reporting from our Commercial and Industrial Solar borrowers, however their business model often means that the feedback can be a lot slower.
Installations are typically more extensive and have higher capacity. This means that before any impact data can be reported components need to be purchased and the site needs to be built. Once the site is running the borrower will send Trine the data for that site, which we need to verify manually. This means that the time between investing and being able to measure the impact can be quite long, potentially affecting our ability to provide investors with regular updates.
Differences on the loan offer page
The impact numbers that are shown on the loan offer page are impact estimates, created using information from the borrower and the industry standard methods to estimate future impact. This is explained more in this article.
The impact data you receive in your Dashboard and later updates about the loan are based on data from the borrowers, which will most likely differ from the initial estimation.
Differences between borrowers
Impact reporting can differ between borrowers as some of them manufacture their own systems, purchase completely new systems or assign recently installed systems, depending on their business model and capacity. As previously mentioned there is also a big difference between a SHS borrower and a C&I borrower, due to the scale of the solar systems.
Due to the factors mentioned above the lead time for receiving impact data from solar home systems can range from days to 6 months, with an average lead time of 2 months. For commercial and industrial solar it can take at least a year.