Accessible Training and Shared Capitalization Platforms for Low-Income Solar Finance

Summary

The University System of New Hampshire (UNH) and its partners completed a project from April 2020 to November 2023, focusing on accessible training and capitalization platforms for low-income solar finance in the United States. They trained 388 participants from 183 organizations, achieving 97% satisfaction. As a result, 66 Community Financial Institutions (CFIs) developed solar lending products and deployed new loans or investments, serving 17,775 households, with over 43% (7,687) being low- or moderate-income. The project supported the expansion of the Smart-E consumer lending platform to Arizona, New Mexico, and Texas, backed by a Wells Fargo grant. Key outcomes include Clean Energy Credit Union selling over $100 million in solar loan participations and VSECU reaching a $133 million green loan portfolio by October 2023. The initiative also leveraged the Inflation Reduction Act's $7 billion for “Solar For All” and other significant funds.

Key Facts

Source Document

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