State: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, PR
Resource Intensity: High
Cost Share: N/A
Sector: Energy Efficiency, Renewable Energy
Support Stage: Transaction/Investment
Support to: Government of any level
Type of Funding: Green Bank
This program is administered by the Inclusive Prosperity Capital. Two financing streams are available for local governments, the Community Solar program and the Solar and Storage program. The Solar and Storage program is partly funded by a program-related investment from The Kresge Foundation. The solar and Storage program is aimed at multifamily affordable housing, single family affordable housing, community centers, municipal buildings and other assets for community resiliency. Term lengths do not exceed 12 years, interest rates are between 3 and 4%, loans can be up to $300,000 (there are alternatives if the financing requirement is greater), and a 2% closing fee.