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The Expanding Presence of Women in Clean Technology

By Gain Energy Independence No Comments

Though the solar and cleantech industries are rapidly expanding, women are still underrepresented, holding only 28% of solar jobs in 2016. I spoke with Lisa Ann Pinkerton, Founder and Chairwoman of Women in Cleantech and Sustainability, to gain her insight on the role of women in the clean technology space and how companies can encourage more women to explore careers in the industry.

The cleantech industry is spreading like wildfire. Every day, new startups emerge and existing companies expand, opening doors for those seeking careers in solar, energy storage, electric vehicles, and more. In 2016, careers in solar grew by 25% from the previous year, and 1 in 50 new jobs in the U.S. was in the solar industry.

With an ever-growing need for clean energy solutions to combat climate change, the growth of cleantech shows no sign of decline. Still, it has been criticized for a lack of female representation – women holding only 28% of jobs in solar according to the Solar Foundation’s 2016 National Solar Jobs Census.

In an industry so quickly expanding, it is crucial that women are welcomed and supported in the cleantech world.

Women in Cleantech and Sustainability

 

Women in Cleantech and Sustainability

Before starting Women in Cleantech and Sustainability, Lisa Ann Pinkerton founded Technica Communications, a PR and marketing firm geared toward cleantech companies. Quickly, she noticed a lacking female presence at industry events. Additionally, she explains, “the men that I spoke to would assume that I was either somebody’s assistant, or I was an admin or low-level associate role, not that I own my own company.”

At the same time, Pinkerton was attending events for Women in Business and found that the supportive community of women across industries not only fostered meaningful connections but was fun to be a part of. The need for an industry-specific organization to encourage and support women in their careers was evident to Pinkerton, and Women in Cleantech and Sustainability was born.

What began as a networking group in 2011 has since grown into an organization that provides monthly events ranging from speaker panels and mentorship programs to educational workshops on industry topics. With frequent meetings, Pinkerton hopes to build a true community of professionals, explaining, “if you’re going to build a community, and if you’re going to support people in their careers, there has to be frequency.”

Now with nearly 1,000 members and countless successful events executed, Pinkerton’s vision for Women in Cleantech and Sustainability seems to be working.

Women in Cleantech and Sustainability is well-known for its annual WCS Talks event. The inspiration for this event came after the organization put on several panels and learned that many of the female speakers had never before had the opportunity to speak at an event.

After having the experience of sharing their stories, these women were often empowered to continue presenting at other industry events. Pinkerton saw a need for more women to have a platform for their voices and designed WCS Talks to fill that gap. For the event, women and men gather at the Google office in Mountain View, CA, and listen to ten TED-style talks by professionals in the industry – the majority of whom are women.

At this year’s event in November, attendees will hear from Kate Brandt, Lead for Sustainability at Google, Michael Kobori, VP of Sustainability at Levi Strauss & Co., and many others.

WCS Talks

 

Getting to the C-Suite

Not only do women hold fewer jobs at cleantech companies, but they are also less likely to hold the top roles at those companies. Though Pinkerton notes that the situation has been improving, women must continue fighting for senior positions. Often, men are more comfortable taking ownership of their accomplishments and requesting promotions. “Women, we kind of have a double standard,” Pinkerton explains, “We’re not supposed to brag, we’re not supposed to show off.”

As a result, achievements may go unnoticed, and opportunities for promotions missed. Her advice? “Be your own advocate.” She recommends taking responsibility for the value that you add to your company and being open about it with superiors.

For example, by sending monthly emails to supervisors with project updates from that month, employees can ensure that their work is not going unnoticed.

Pinkerton hopes that WCS workshops, which have been held on topics including networking and salary negotiation, will also empower women to further their careers. Striving toward greater representation of women at the executive level in solar and cleantech is crucial to encourage more women to enter the field.

Pinkerton explains, “we know from research that most women and girls, starting very young, will not strive for certain careers or certain paths because they do not believe that they can be successful, because they do not see other women being successful.” She hopes that WCS Talks, an opportunity to showcase some of the most powerful women in the industry, will also show young women and girls that this is a field in which they can excel.

What Your Company Can Do

All companies, including those in the solar and cleantech industries, can benefit from including female employees and board members. Increasingly, women are making the solar purchasing decisions for their families, and an understanding of this customer base will benefit the bottom line of solar companies.

Research has also indicated that the inclusion of women on corporate boards offers companies more diverse viewpoints and potential financial benefits.

To encourage more female employees to join the cleantech space, Pinkerton suggests that companies start with a blind evaluation of resumes, and determine the salary of new hires based on what similar employees are paid at that company rather than the hire’s previous salary.

Pinkerton also stresses the importance of supervisors creating safe spaces for employees to discuss their successes and ask for what they want. “By having that experience of asking for what she wants, […] that action becomes safer and easier to do in the future.

We want to support women and make sure they’re getting everything they want, but at the same time, if you’re giving them everything automatically they’re not going to learn the lesson of putting themselves on the line.” As women are generally less likely to negotiate their salaries, companies can also support female employees by offering workshops on negotiation.

Several solar companies are starting to catch on. When SunEdison noticed a lack of women in senior positions, they partnered with GRID Alternatives on a Women in Solar Initiative.  Looking at approaches that worked for women in other industries, SunEdison instituted policies on flex time and maternity and paternity leave.

GRID Alternatives hopes to double the number of women on their installations, many of which they plan to train as team leaders. By supporting female employees, solar companies can ensure that the trend of an increasing female presence continues in the coming years.

Pick My Solar Women in Solar

A Bright Future

Clean technology is here to stay. Though it may have its ups and downs like any industry, increasing awareness of the need for sustainable solutions, both for environmental and financial reasons, will drive growth in coming years.

Because the industry is relatively young, it is also space where young people can start from the bottom and climb the ladder quickly. It’s an exciting field for all – male or female – to join, and we will all benefit from the equal representation of women in the cleantech workforce.

For women interested in entering the cleantech and sustainability industries, Pinkerton suggests developing a clear plan and sharing it openly with others: “Map out the ideal situation and make sure you let everybody know.

Go out and meet as many people as you can, because that’s what’s going to matter in your career – the people who know you, and care about you, and want to see you succeed. You would be surprised about how many of those people are out there.”

Solar.com is committed to taking an active role in the progression of women in cleantech. We strive to hire women and provide a welcoming, inclusive workspace. If you’re interested in working with us, please check out our careers page here.

Mass Solar Loans are Making Solar Even More Affordable for the Commonwealth

By Solar Loans: Financing Rates, Loan Terms, and More No Comments

The Mass Solar Loan Program was created by the Massachusetts Clean Energy Center and the Department of Energy Resources to make going solar even more affordable for Commonwealth residents. The program was started in 2015 with $30 million in public funds to provide homeowners with low interest, fixed-term loans to go solar.

More than 2,700 projects have been financed with Mass Solar Loans, bringing the state closer to reaching its goal of 1,600 megawatts of solar by 2020. If you’re looking to finance a project under $60,000 that’s not already installed or interconnected to the grid, the state is currently offering amazing incentives!

However, these incentives are already around 80% full and the state is looking to replace them with a program that would only provide assitance to low and moderate income families. If you’re currently earning 120% or more of the state’s median income, you will no longer qualify for Mass Solar Loans so act quickly to finance your project now! 

Eligible applicants can take advantage of the Mass Solar Loan Program’s 1.5% Interest Rate Buy Down. An interest rate buys down simply means that the program utilizes some of its funds to pay off part of your interest up front, and in return, you receive a lower interest rate for the lifespan of your loan.

The median solar loan interest rate under the program is just 3.24%, which is significantly less than many interest rates offered by third-party financiers. Here’s a snapshot of the number of projects within different price per watt ranges for Mass Solar Loan (visit the Mass Solar Loan Program page for the most recent data). 

Project Pricing Distributino for Mass Solar LoansHere is a snapshot of the median solar loan project that is funded through Mass Solar Loan. While the average cost per Watt in the Mass Solar Loan Program is $4.00, homeowners who participate in Mass Solar Connect are paying $3.30 per Watt on average. 

Mass Solar Loan Median Project Profile

Massachusetts residents without excellent credit scores may qualify for the Loan Loss Reserve incentive. Banks maintain loan loss reserves as protection against loans that go bad. A larger reserve may allow a bank to take on a greater amount of riskier loans. Through the program’s Loan Loss Reserve incentive, “lenders may be eligible for additional incentives to help their customers go solar.”

The Mass Solar Loan Program is also offering incentives targeted at increasing solar system ownership among lower-income families. Households that meet minimum income levels may be eligible for Income-Based Loan Support, under which the Mass Solar Loan Program will pay part of the principal interest amount.

Mass Solar Loan Providers

Here’s a list of the participating banks and the rates they offer for the Mass Solar Loan Program. Please note that your specific rate will vary depending on the parameters of your project. 

Bank

HQ Location

Interest Rate
(5 year loan)*

Interest Rate
(10 year loan)*

Interest Rate
(15 year loan)*

Offers solar loans for
more than $35,000?

Equitable Bank (formerly Weymouth Bank) East Weymouth 1.25% 1.25% 1.25% Yes, up to $50,000.
UMassFive College
Federal Credit Union
Hadley 3.25% 3.25% N/A Yes, but not through the
Mass Solar Loan program.
Avidia Bank/BlueWave Hudson 1.89% 1.89% N/A No
Bank Five Fall River 2.99% 2.99% N/A Yes, up to $60,000.
Interest rates vary based on term.
Clinton Savings Bank Clinton 3.00% 3.00% N/A Unknown.
Naveo Credit Union Somerville 1.00% 1.75% 2.75% Yes, but not through
the Mass Solar Loan program.
Stoughton Co-Operative Bank Stoughton 2.49% 2.99% 3.25% Yes, but not through the Mass Solar Loan program.
Sharon Credit Union Sharon 2.75% 2.75% N/A Yes, up to $60,000 at
the same interest rate.

Solar Loan or Solar Lease?

We’ve written many articles about why using a loan or cash to buy a system is often a better choice than PPAs or third-party leasing. A loan can make you eligible for the Federal Investment Tax Credit, which amounts to 30% off your gross system cost. It also allows you to capture more of your system’s lifetime savings. When it comes to the Commonwealth, loans are also better for the state. Whereas many third-party solar financiers are based out of state, participating banks in the Mass Solar Loan Program are local to the state.

Want more information about the amazing incentives available to Massachusetts residents looking to go solar? Check out the other articles in our Mass Solar Connect Series.