SolarBank (NASDAQ:SUUN): Beating the Odds as U.S. Solar Faces a Policy Storm

Disseminated on behalf of SolarBank Corporation

The U.S. renewable energy market is bracing for a massive shake-up. With the proposed “One Big Beautiful Bill” moving quickly through Congress, the entire clean energy sector is on edge.

The bill proposes slashing the federal tax credits that have helped fuel the solar boom for more than a decade. If passed in its current form, this legislation would cut investment tax credits (ITC) from 100% to 60% in 2026, then to 20% in 2027, before eliminating them entirely in 2028.

For residential solar, the credits could vanish even sooner, within six months of the bill’s passage.

This dramatic policy shift has sent shockwaves through the industry. Solar stocks have tanked. Sunrun and SolarEdge are down more than 20%, and Enphase has dropped around 15%.

Developers are hitting the brakes. According to analysis, more than $14 billion in clean energy projects have been delayed or canceled this year alone. It feels like the sector is holding its breath.

But not everyone is panicking…

While many solar developers are scrambling to salvage timelines and financing, SolarBank (NASDAQ:SUUN) is confidently moving ahead.

This Toronto-based firm may not yet be a household name, but it’s quickly making waves for all the right reasons. With sharp timing, a diversified project pipeline, and a clear-eyed approach to ownership and execution, SolarBank is proving that preparation and flexibility can beat political headwinds.

In early May 2025, before the House even passed its version of the tax credit rollback, SolarBank announced a $100 million financing deal with CIM Group. The funding is targeted at a 97-megawatt solar portfolio spread across 21 projects in the U.S.

What sets this apart is that SolarBank is not planning to build and flip these projects. Instead, they’ll keep majority ownership and operate many of them long-term. This strategy is smart: it generates stable recurring revenue and positions them as a true infrastructure player, not just a builder.

The Senate version of the One Big Beautiful Bill gives full tax credits to solar projects that begin construction before December 31, 2025. SolarBank’s early funding and streamlined build-out strategy suggest that many of its projects are designed to beat that critical deadline.

Let’s rewind and walk through how this all unfolded.

Back in February 2025, SolarBank kicked off construction on a battery storage project in Ontario, expanding into the energy storage sector just as the North American storage market was heating up.

This wasn’t just a side venture. It showed the company’s commitment to diversification and its understanding of grid needs beyond just solar panels.

Then came the big move: on May 6, SolarBank announced $100 million in financing from CIM Group. This was a major win. Not just because of the money, but because of the terms.

The deal is structured to release funding in stages, with 20% paid at mechanical completion of each project and the remaining 80% upon substantial completion. That means there’s a built-in incentive to execute and finish projects quickly and efficiently.

Only weeks later, on May 22, the House passed its version of the One Big Beautiful Bill. The writing was on the wall: the clock was ticking for anyone hoping to claim full tax credits.

By mid-June, the Senate Finance Committee updated its draft, setting the December 31, 2025 construction deadline in stone. Industry stocks tumbled again. Developers panicked.

But SolarBank? It is working to get as many projects in construction as it can to achieve the full benefit of the remaining tax credits. Of course the CIM transaction remains subject to definitive documentation.

In addition, projects require final permits and construction financing and delays in proceeding could impact the eligibility for tax credits and the amount of funding available from CIM.

Today, June 23, Congress is eyeing a July 4 vote to pass the final version of the bill. If it goes through, the solar landscape will change overnight. But SolarBank appears ready.

With its funding announced, construction schedules aligned, and projects actively progressing, it’s poised to make the most of the remaining full-credit window.

What makes SolarBank’s position even more compelling is its broader strategy.

They’re not just building solar farms.
They’re building a company with depth.
They’re expanding in Canada.
They’ve explored innovative treasury strategies, including using project net revenue to acquire Bitcoin as a corporate hedge.

And their development model is vertically integrated, meaning they don’t just design or finance projects. They carry them through from start to finish and keep a stake in the outcome.

In short, SolarBank is proving that in the face of policy uncertainty and market volatility, thoughtful planning, diversified operations, and early execution still win the day.

While many in the solar space are stuck in damage control mode, SolarBank is executing a playbook that’s not only keeping it afloat, but propelling it forward.

If the next six months go as planned, they won’t just survive this turbulent chapter, they’ll likely be one of its success stories.

In a moment where clean energy feels uncertain, SolarBank is a reminder that resilience isn’t luck. It is strategy, backed by action.

Sources:
U.S. Senate tax credit phase-out proposal (June 16, 2025)
https://www.reuters.com/sustainability/climate-energy/us-senate-floats-full-phase-out-solar-wind-energy-tax-credits-by-2028-2025-06-16/

Senate Finance Committee’s impact on solar markets
https://www.reuters.com/sustainability/climate-energy/senate-committees-changes-tax-bill-slam-us-solar-stocks-2025-06-16/

Congress aims to vote on the bill by July 4
https://apnews.com/article/e2f4480fc7cafe1bca32cfb2fee8e614

Solar stock drops after bill proposal (Sunrun, SolarEdge, Enphase)
https://www.businessinsider.com/solar-stocks-trump-tax-plan-clean-energy-fslr-sedg-run-2025-6

SolarBank $100M financing announcement (May 6, 2025)

Newswire coverage of SolarBank-CIM financing structure
https://renewablesnow.com/news/solarbank-attracts-usd-100m-financing-for-solar-portfolio-in-us-1274835/

Expanded project financing details via MiningNewsWire

Disclaimer
This report contains forward-looking information. There are several risks associated with the CIM transaction and development of the projects. The development of any project is subject to receipt of interconnection approval, receipt of a community solar contract, required permits, the continued availability of third-party financing arrangements for the Company and the risks associated with the construction of a solar power project. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar power, which could result in future projects no longer being economic. The CIM financing transaction is subject to the execution of definitive documentation setting out all of the representations, warranties, covenants and conditions precedent associated with the CIM financing transaction. There is a risk that definitive documentation may not be executed or that the conditions precedent to the transaction are not satisfied. In such cases, no funding will be advanced under the terms of the transaction. SolarBank will also need to secure the financing required to develop the projects to mechanical completion and substantial completion, as prior to such milestone none of the funding from the transaction will be available.
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