Stay current on every covenant. Automate every report.
Every loan agreement, LLCA, and PPA carries legal obligations that drift quietly. Every lender and tax equity investor wants quarterly reports in their own format. LCOE.ai tracks every covenant continuously and generates every reporting package automatically — built from your own monitoring data, self-audited before submission.
LCOE.ai · Asset Owner View · Compliance Hub
Portfolio Compliance Snapshot — 14 Projects
Active covenants tracked87 covenants
All covenants currently within parameters82 of 87
Covenants on watch4 — DSCR proximity
Covenant breaches1 — active cure
Lender reports — 90% auto-built8 of 8 Q2 ready
Tax equity reports — 90% auto-built6 of 6 Q2 ready
S-REC production tracked YTD28,640 S-RECs
Staff hours saved this quarter52 hours
All covenants self-audited against actual performance data. 14 quarterly reporting packages ~90% pre-built and ready for review.
The Problem
Every quarter, the same scramble.
Asset owners and sponsors sit at the center of every solar finance structure — and carry the operational burden of proving compliance to every counterparty. Loan agreements, LLCAs, PPAs, O&M contracts: each with its own covenants, reporting cadence, and format requirements. The cost isn't just time. It's the risk of getting it wrong.
"We knew we were operationally fine. But assembling the package for the lender each quarter — across 12 projects, 4 banks, 2 tax equity partners — took our team three full weeks."
📋
Covenants drift quietly
DSCR proximity, reserve requirements, uptime guarantees, ITC recapture conditions — dozens of obligations per project, monitored manually if at all.
📄
Every counterparty wants its own format
Lenders want their template. Tax equity wants its template. Internal investors want theirs. Same data, four different packages, every quarter.
⚠️
Inconsistencies become disputes
Financial reps that don't match monitoring data. Covenant certifications that don't match performance reality. Each inconsistency is an entry point for a counterparty challenge.
⏱️
Days of manual work, every cycle
40–60 hours per quarter of staff time on reporting and reconciliation — time that should be spent operating the assets, not formatting spreadsheets.
What LCOE.ai Delivers
Continuous compliance. 90% automated reporting. Zero scramble.
LCOE.ai parses every loan agreement, LLCA, PPA, O&M contract, and S-REC program — maps every covenant and obligation to your live monitoring data — and generates ~90% of every counterparty report automatically. Your team reviews and signs off on the last 10%, not the first 100%.
i
Every covenant tracked. Always current.
The platform reads every legal agreement in your stack. Each covenant is mapped to the live data that governs it. Cure windows, notification triggers, and proximity warnings surface before they become problems.
Full document ingestion — loans, LLCAs, PPAs, O&M
Every DSCR, uptime, reserve, ITC covenant mapped
Proximity alerts before breach
Cure window tracking from day one
ii
Reporting packages 90% automated.
Every quarterly package — for every lender, every tax equity investor, every internal investor — pre-built from the same source data, in each counterparty's required format. Your team focuses on the final review and exception language — not the data assembly.
Lender reporting packages — by lender format
Tax equity packages — by investor template
Internal investor & LP reports
Final 10%: narrative, sign-off, exception language
iii
Self-audited at the source.
Financial statements, covenant representations, and actual performance data are cross-checked automatically before submission. Inconsistencies are flagged to you first — not to the lender.
Financials reconciled against performance data
Covenant reps cross-checked against operational reality
Variances surfaced internally — before counterparties see them
Dispute risk eliminated at the source
iv
S-REC tracking and reporting, automated.
Every state's S-REC program has its own production tracking, certification, attestation, and reporting cadence. LCOE.ai automates the whole loop — tracking S-REC generation, managing certification windows, and producing the program-specific reports each registry requires.
Per-state S-REC program rules ingested
Real-time production tracking against eligible MWh
Continuous covenant tracking, auto-generated counterparty packages, and self-audit at the source — across every project, every lender, every tax equity investor.
Q2 lender package90% auto-built · ready for review
Q2 tax equity package90% auto-built · ready for review
S-REC registry (ERCOT REC)3,060 certified YTD
Cure plan draftIn review
Recommended: submit cure plan within 5 business days. Performance gap traced to String 14 inverter degradation — O&M repair scheduled.
Sunbelt Portfolio — Arizona WATCH
24.1 MW · 9 covenants · 1 counterparty
Lender Covenants — Pacific Coast Bank
DSCR min 1.20×1.27× · 0.07× buffer
Reserve fund 100%68% · $240K shortfall
Uptime ≥ 95%96.1%
Insurance currentVerified
Reserve fund top-up recommended within 22 days to avoid notification trigger.
Performance & Reporting
Actual vs. P50 (YTD)−6.8%
DSCR (live)1.27×
Q2 lender package90% auto-built
S-REC registry (WREGIS)4,820 certified YTD
Clearfield Solar — Nevada COMPLIANT
31.2 MW · 8 covenants · 2 counterparties
All Covenants Current
Mountain Bank · DSCR min 1.25×1.44×
Mountain Bank · Reserve fundFully funded
BlueSky TE · ITC recaptureAll current
BlueSky TE · Flip thresholdOn track Q3 2027
No action required. Quarterly packages ready for sign-off.
Performance & Reporting
Actual vs. P50+1.4%
Availability97.8%
Q2 lender package90% auto-built
Q2 tax equity package90% auto-built
S-REC registry (NV REC)5,140 certified YTD
Blue Ridge PV — Georgia COMPLIANT
12.6 MW · 6 covenants · 1 counterparty
Lender Covenants — Southeast National
DSCR min 1.20×1.38×
Uptime ≥ 95%97.4%
Reserve fund 100%Fully funded
Annual O&M reportingSubmitted
All clear. Routine quarterly review.
Performance & Reporting
Actual vs. P50−0.8%
Availability96.2%
Q2 lender package90% auto-built
S-REC registry (PJM-GATS)2,180 certified YTD
Q2 2026 Reporting Status — ~90% Auto-Built
🏦 Lender Reporting Packages
8 of 8 ready for review · 90% pre-built · Final 10% is sign-off & narrative
✓ First Texas Bank — Pecos Solar I
✓ Pacific Coast Bank — Sunbelt Portfolio
✓ Mountain Bank — Clearfield Solar
✓ Southeast National — Blue Ridge PV + 4 more
💼 Tax Equity Reporting Packages
6 of 6 ready for review · 90% pre-built · Final 10% is sign-off & narrative
✓ Greenprint TE — Pecos Solar I
✓ BlueSky TE Fund — Clearfield Solar
✓ Coastal TE Partners — Coastal PV
✓ Ironwood Capital — Ironwood Solar + 2 more
All 14 quarterly packages auto-built from the same source data. Self-audited. Ready for internal review and submission.
S-REC Generation, Certification & Reporting
28,640
S-RECs Generated YTD
Across 14 projects
26,820
Certified
93.6% rate
1,420
Pending Attestation
3 registries
$1.84M
Est. Revenue YTD
Market-tracked
Project
Registry
YTD Generated
Certified
Pending
Status
Blue Ridge PV — GA
PJM-GATS
2,180 MWh
2,180
0
CURRENT
Coastal PV — CA
WREGIS
3,940 MWh
3,940
0
CURRENT
Clearfield Solar — NV
NV REC
5,140 MWh
5,140
0
CURRENT
Sunbelt Portfolio — AZ
WREGIS
4,820 MWh
3,400
1,420
ATTEST
Pecos Solar I — TX
ERCOT REC
3,060 MWh
3,060
0
CURRENT
Ironwood Solar — AZ
WREGIS
2,840 MWh
2,840
0
CURRENT
1,420 S-RECs awaiting attestation in WREGIS (Sunbelt). Workflow auto-generated — submit by Aug 15.
Q2 Self-Audit Findings — Pre-Submission
🔴
Pecos Solar I — Financial Rep Inconsistency
Draft Q2 financials show DSCR of 1.31× — actual independent data shows 1.21×. Reconcile before submission to avoid covenant dispute.
🟡
Sunbelt Portfolio — Reserve Fund Status
Reserve at 68% of required. Covenant requires 100% by quarter-end. Cure window: 22 days. Notify Pacific Coast Bank proactively.
✅
12 Reports — Self-Audit Clean
Financials, covenant reps, and performance data all reconciled. No inconsistencies detected. Ready for submission.
Asset Owner Time Recovered — Manual vs. LCOE.ai
Task
Manual
With LCOE.ai
Saved Per Quarter
Lender quarterly package — per loan
8–12 hrs
90% auto-built · 1 hr review
~7 hrs
Tax equity package — per investor
6–10 hrs
90% auto-built · 1 hr review
~6 hrs
S-REC registry reporting
Per-registry manual
Automated · workflow surface
~4 hrs/qtr
Covenant compliance check
Manual, per project
Continuous · live
Eliminates risk
Financial vs. performance reconciliation
Manual spreadsheet
Self-audit automatic
Dispute prevention
Counterparty follow-up Q&A
Reactive
Proactive · pre-flagged
~8 hrs/qtr
40–60 hours of staff time recovered per quarter on a 14-project portfolio — and inconsistencies caught before they become disputes.
Why Asset Owners Adopt LCOE.ai
Three reasons. All compounding.
📋
Stay current on every covenant
Every DSCR threshold, every reserve requirement, every uptime guarantee — tracked continuously, flagged before breach, documented for cure.
📤
Automate every counterparty report
Lender packages and tax equity packages auto-generated in each counterparty's required format. No manual assembly. No format reconciliation.
🛡️
Prevent disputes at the source
Financial reps, covenant certifications, and performance data all reconciled before submission. Inconsistencies caught internally — not by the lender.
Stop scrambling at quarter-end.
Connect with us to map your existing covenants and counterparty reporting requirements. Most portfolios are live within 30 days.