Cardinal Energy - Development Underwriting & Risk Platform for C&I Solar
Kill bad deals earlier

Development Underwriting & Risk Platform for C&I Solar

Derisk ITC-sensitive projects with institutional-grade screening, lender-aligned P90 modeling, and tax equity–aware development economics.

IC-ready underwriting
Lender-aligned P90
Tax equity–aware

No credit card required • 14-day free trial available

$2.4B+
Projects Analyzed
340+
Deals Screened
28%
Bad Deals Killed Early
P90
Lender-Ready Basis

Sound Familiar?

Every C&I developer knows these problems. They cost you deals, credibility, and margin.

📊 Excel Model Hell

Fragile spreadsheets that break when you sneeze. Consultant-built models costing $10k–$50k that nobody trusts.

🔄 IC Back-and-Forth

Weeks of rework because the IC wants "one more sensitivity." Deals dying in committee review.

Mispriced Interconnection

Discovering $500k in network upgrades after you've committed capital. Queue position surprises.

💼 Poor TE Conversations

Tax equity partners questioning your model logic. Losing credibility in flip year debates.

💸 Bad Deals Too Late

$50k–$200k sunk into development before realizing economics don't work. Should have killed it in month one.

📈 No Apples-to-Apples

Every project modeled differently. Can't compare deals across your pipeline. IPPs questioning your consistency.

Cardinal Energy solves all of these. Keep scrolling.

Institutional-Grade Platform

Replace Excel. Impress Your IC.

Everything you need for IC-ready underwriting in one platform—not five spreadsheets.

💰

Tax Equity–Aware Economics

Model complex capital structures that satisfy institutional investors. Partnership flip, sale-leaseback, inverted lease—all with proper ITC allocation logic.

  • 30+ year cashflows with degradation curves and escalation
  • P50/P90 scenarios for lender-aligned risk modeling
  • Flip year determination with TE yield optimization
  • DSCR covenant tracking with minimum thresholds
📊

Know What Moves the Needle

Instant tornado charts ranking 15+ variables by IRR impact. Walk into IC knowing exactly which assumptions matter.

  • One-click analysis—no more manual scenario tables
  • ±10% sensitivity on every key variable
  • Export to PDF for IC presentations
⚠️

Kill Bad Deals Earlier

Auto-detected risks from model analysis plus your own custom risk register. Visual risk matrix shows exactly where your project stands.

  • Auto-calculated risks from financial model
  • 6 risk categories: Construction, Revenue, Regulatory, Financial, Operational, Market
  • Risk matrix visualization with likelihood × impact scoring
📅

Track Critical Path

Interactive Gantt chart with dependency visualization. Know exactly what's blocking your COD—and who owns it.

  • Drag-and-drop scheduling with auto-dependency updates
  • Critical path highlighting—see schedule-critical tasks
  • Baseline comparison to track schedule slippage

See Cardinal Energy in Action

Choose how you'd like to evaluate our platform

Calculate Your ROI

See how much you'll save vs. your current process in 60 seconds

Calculate Savings →

Watch 5-Minute Demo

Guided walkthrough of the platform and key features

Watch Demo →

Try Free for 14 Days

Analyze your own projects with full platform access

Start Free Trial →

Schedule Live Demo

Talk to our team and see the platform in action

Book Demo →

Enterprise customers (banks, IPPs, tax equity investors): Ask about our complimentary portfolio analysis service. Contact us to learn more.

Built for Solar Finance Professionals

If you control capital, deal flow, or go/no-go decisions—this is for you.

C&I / DG Developers

Screen hundreds of sites fast. Get IC-ready underwriting without consultant models. Kill bad deals before you waste $50k on development.

1–50+ MW pipelines

IPPs & Investment Platforms

Compare deals apples-to-apples. Standardize assumptions across developers. Review portfolios with consistent downside analysis.

Infrastructure funds & family offices

Developer-Operators

Optimize asset-level IRR. Tune capital stacks. Compare TE structures. Get long-term cash flow visibility for assets you'll own for decades.

Own & self-develop C&I assets

Tax Equity Teams

Standardized, transparent assumptions. P50/P90 logic you trust. Use as a review tool or shared platform with developers.

Structured finance & TE investors

Banks & Lenders

Streamline diligence with lender-aligned P90 scenarios. DSCR covenant tracking. Reduce review time from weeks to days.

Project finance lenders

EPCs with Dev Arms

Qualify leads before committing resources. Speak developer finance credibly. Support clients with financing-ready outputs.

Development or co-dev capabilities

Not For

Residential solar, one-off developers, sales-only orgs, or homegrown Excel users with no financing ambitions. Too sophisticated for their needs.

Transparent Pricing

Choose the plan that fits your needs

Professional

$3,500/year
per seat
  • Unlimited projects
  • Full financial modeling
  • P50/P90 scenarios
  • Risk assessment
  • Report generation
Start Free Trial
Most Popular

Team

$12,000/year
for 5 seats (20% savings)
  • Everything in Professional
  • Shared projects
  • Portfolio dashboard
  • Priority support
  • Branded reports
Start Free Trial

Enterprise

Custom
tailored to your needs
  • Everything in Team
  • Unlimited users
  • White-labeled platform
  • API access
  • Dedicated account manager
Contact Sales
All plans include 14-day free trial • No credit card required • Cancel anytime
Advisory Services

Software + Strategic Support

Beyond the platform—expert guidance to maximize your development economics and close better deals.

Portfolio Reviews
Strategic pipeline analysis
3rd Party Validation
Independent model review
Model Customization
Tailored to your structures
Deal Diligence
Transaction support

Development Advisory

Strategic guidance from experienced solar finance professionals

IC memo preparation
Tax equity optimization
Capital stack advisory
Investor presentation support
Schedule Consultation

Ready to Kill Bad Deals Earlier?

Stop losing margin to fragile Excel models. Get IC-ready underwriting that institutional investors actually trust.

Cardinal Energy

A development underwriting & risk platform for C&I solar

Enterprise Services

Banks, IPPs, and tax equity investors: Contact us about complimentary portfolio analysis for qualified organizations.

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