An infrastructure of financial support is crucial for powering the next wave of climate innovation. We are proud to support clean energy + rural development across the country through the USDA's REAP financing program. Learn more about how access to capital is paving the way for a brighter future: https://lnkd.in/gUHSHFyY #solar #renewables #cleanenergyeconomy
West Town Bank & Trust, a division of Capital Bank, N.A.’s Post
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There has been significant activity in the solar financing sector recently, particularly concerning eligibility rules. This article will delve into the various strategies solar lenders employ to balance the market's conflicting demands for improved pricing and approval rates. Read more here: https://bit.ly/3A2Xdkl #greentechrenewables #financing #solarinstallers #contractors #goingbeyondsupply
What is the “Buy Box” and why does it matter?
greentechrenewables.com
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BIG News! We're delighted to announce that OneEthos has now expanded into Texas! 📰 Texas is just the start. We're on a mission to bring sustainable solar financing to all 50 states in the United States, and we don't say that lightly! We offer a transparent, accessible, consumer solar loan product that enables energy consultants with industry-leading technology. 🌟30-year term* 🌟 NO DEALER FEE! 🌟 7.73% APR* Don't just take our word for it, we've partnered with over 2,000 energy consultants and received over $200 million in solar loan applications. Get in touch today and register your interest to become an approved installer here https://bit.ly/4expbo3 #SolarFinancing #RenewableEnergy #SolarEnergy #CleanEnergy #SustainableFinance #GreenLoans #SolarPower #EnergyEfficiency #ClimateAction #GreenInvesting #SolarLoans #GoSolar #SolarPanelFinance #EcoFriendlyFinance #GreenEnergy #CleanEnergy #GGRF #Fintech #EnergyConsultants #SolarInstallers *Annual Percentage Rate (APR) is current as of April 22, 2024, and subject to change. 7.73% APR available to customers paying loan payments by auto pay. The APR, without auto pay, will be 7.98%. Interest only payments for the first 6 months; Principal and Interest payments beginning in month 7. Loan subject to credit approval. APR, number of payments and payment amounts are based on an example of a single borrower with loan proceeds of $50,000.00 plus $825.00 in fees + Doc Stamps if FL loan for a 30-year term/7.81% Interest Rate/6 payments of interest only followed by 360 payments of $367.67. *For loans in TX, SC, NC, NJ, AZ, and CO: Loan subject to credit approval. APR, number of payments and payment amounts are based on an example of a single borrower with loan proceeds of $50,000.00 plus $825.00 in fees for a 30-year term/7.81% Interest Rate/6 payments of interest only followed by 360 payments of $366.38 . Please note Solar Loan applications are limited to FL, TX, SC, NC, NJ, AZ and CO property owners, panels must be installed on a residential home in FL, TX, SC, NC, NJ, AZ, or CO.
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“Increasing the uptake of renewable energy, storage and related infrastructure is critical to Australia’s net zero ambitions.” Ian Learmonth, CEO of government-owned ‘green’ bank the Clean Energy Finance Corporation (CEFC), on why the lender has committed $50 million to Bank Australia for energy performance upgrades of existing homes. https://bit.ly/3ZIanh1
Bank Australia secures $50m green loan commitment
theadviser.com.au
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Tribal Energy Loan Guarantee Program - Total Amount Available: $20MM The Tribal Energy Loan Guarantee Program (TELGP) is a partial loan guarantee program that can guarantee up to $2 billion in loans to support economic opportunities to tribes through energy development projects and activities. Under this solicitation, the Department of Energy (DOE) can guarantee up to 90 percent of the unpaid principal and interest due on any loan made to a federally recognized Indian tribe or Alaska Native Corporation for energy development. Eligible Borrowers: Loan guarantees under TELGP are available to eligible Indian tribes or entities, including Alaska Native village or regional or village corporations, or other financial institutions or tribes meeting certain criteria established by DOE, that are able to demonstrate being eligible for the special programs and services provided by the United States to Indians because of their status as Indians, or their wholly-owned entities with appropriate legal authority. In addition, Tribal Energy Development Organizations that are majority-owned and controlled by one or more eligible tribes are also eligible for loan guarantees under TELGP. #solarenergy #commercialsolar #savingthepanet #energysavings #electric #solar To learn more: https://lnkd.in/g7VRhPGu For information on how to get started, call 702-235-9992
Tribal Energy Loan Guarantee Program (1) - Energy Communities
https://energycommunities.gov
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Did you know that you can gain more capital ➕ save on utility costs by incorporating energy efficiency or renewable energy solutions into your building projects? Check out the details and resources in our most recent blog! #sba504 #sbaGROW #sbagreenenergy https://lnkd.in/ejTNASXS
How to Use SBA 504 Loans for Renewable Energy Projects
https://504capital.com
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A common question in real estate appraisal is how to value PV solar systems. This new report from the Consumer Financial Protection Bureau (CFPB) shows why some consumers are disappointed when they don't see the return they were expecting from their investment. This is a great report to share with clients who are considering this feature for their property and some precautions.
CFPB Report Finds Lenders Cramming Markup Fees and Confusing Terms into Solar Energy Loans | Consumer Financial Protection Bureau
consumerfinance.gov
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Exciting updates! Business owners, take note. The SBA has removed the $16.5 million cap on "energy public policy" projects under its 504 loan program. This change, outlined in an April 30 procedural notice, opens up new opportunities for projects that aim to reduce energy consumption by at least 10% or generate over 15% of energy with renewable sources. Additionally, projects focusing on reducing greenhouse gases and environmental impacts are now eligible. Stay informed with the details in the Biz Journals article linked below. #SBA #SmallBusiness #EnergyProjects https://lnkd.in/gmTni5Ag
SBA lifts caps on loans earmarked for energy efficiency projects - Denver Business Journal
bizjournals.com
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If you want to get a really big laugh from small businessmen at a Rotary Club meeting this is how you do it: Walk up to a group of the older guys and say: “I’m from the government and I’m here to help you.” They’ll be rolling in the aisles. Deliver the line skilfully enough and some of them may laugh so hard that they’ll require medical attention. Of course, the idea that business doesn’t benefit from government programs is delusional. A government program protects their bank balances, a government program will step in if their insurance company goes insolvent, Social Security will pay them an old age benefit in retirement, and a government program will send the police if somebody tries to rob them. And so on. Well, I just stumbled upon a package of programs that I think is on track to do the world a lot of good as we make the transition to a zero-carbon energy economy. They are debt financing programs managed by the Department of Energy’s Loan Programs Office. Chris Creed, chief investment officer of the Loan Program Office, talked at length on a podcast, the “Renewable Energy SmartPod,” from SmartBrief, a division of Future. I quite liked his enthusiasm. He explained the whole point of the program is to help proven technologies scale up to profitability. As Creed explains it the whole point is to “get across that bridge of bankability to full capital markets acceptance.” I was overjoyed to learn that the office is already supporting a green hydrogen-based energy storage project that addresses the challenge of peak production of renewable energy sometimes taking place when there isn’t a lot of demand. The Advanced Clean Energy Storage project project in Delta, Utah (ACES Delta) is the kind of thing I was hoping somebody would get to work on. And there it is! It was one of the office's first projects. Creed explains: “This was a project that took excess renewable generation in California, used transmission to bring that power to Utah. That power was then used to power electrolyzers, which made hydrogen. The hydrogen was then stored in salt caverns and then pumped back out for use in combined cycle gas turbines to generate electricity, again, sent back to California over those same transmission lines ....” This “Renewable Energy SmartPod” provides a thorough briefing on the Department of Energy’s loan programs in straightforward, plain language, along with a fairly transparent explanation of how the loan office evaluates applications. And it is FREE. Just click and listen. 🌍 🌎 🌏 #renewableenergy #greenhydrogen #departmentofenergy #SmartBrief #Future
Inside the Loan Programs Office with Chris Creed from the DoE - Renewable Energy SmartPod
buzzsprout.com
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Q: How to get solar panels on a budget? A: You can start by visiting Tandem Bank’s Greener Home Improvement Loans page for support. #SolarPanels #GreenerHomes #HomeEnergyEfficiency #TandemBank #WeAreTandem #BankingForAGreenerFuture
How to get solar panels on a budget
thetimes.co.uk
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To accelerate the energy transition, communities need affordable clean energy options. EnFin, a subsidiary of Hanwha Qcells that specializes in residential solar financing, is making high-quality solar energy equipment available to households across the United States. Read about EnFin’s inaugural $252.86 million asset-backed securities (ABS) transaction: https://bit.ly/3yOOeT2 #Hanwha | #HanwhaQcells | #EnFin | #SolarEnergy | #GreenFinancing | #SolarPower | #Sustainability
EnFin closes inaugural $253 million ABS transaction
hanwha.com
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