Tag: financing
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Q&A: Impacts of $7 billion Solar for All Funding | Jeff Cramer, CCSA
In April, the U.S. Environmental Protection Agency announced 60 selectees that will receive $7 billion in grant awards through the Solar for All grant program. The funding will support the deployment of robust solar developments to serve low-income and disadvantaged communities. Among the 60 selections awarded funding were states, territories, tribal governments, municipalities and nonprofits……
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SunPower now selling Tesla Powerwall 3 via loans or leases
SunPower is now offering the Tesla Powerwall 3 within its solar and storage product portfolio. SunPower Financial also expanded its suite of solar financing options to include loan and lease financing for Tesla battery installations as approximately 82% of SunPower customers choose to finance their solar-plus-storage system. Tesla Powerwall has become one of the most……
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Carlyle Group invests in Sungage Financial, will buy $450 million in resi solar loans
Global investment firm Carlyle agreed to a $450 million “forward flow agreement” to purchase newly issued residential solar loans from Sungage Financial. In addition, Carlyle made a strategic investment into Sungage Financial. This partnership will enable Sungage Financial to increase their origination capacity and drive future growth. “Our partnership with Carlyle is a huge win……
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First Citizens Bank provides $150 million for BESS projects in Texas | Solar Financing Spotlight
First Citizens Bank is leading the charge during an active week for financing news. Several projects received funding and a significant solar portfolio acquisition rounds out this edition of the Solar Financing Spotlight. Kicking things off, the First Citizens Bank Energy Finance division is helping to fund two Apex Clean Energy battery energy storage projects in……
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Sunstone Credit, MT&T Bank team up to expand commercial solar financing
Commercial solar loan platform Sunstone Credit announced a program with M&T Bank, a top 20 commercial bank in the United States, to give more businesses access to solar financing. Many companies lack access to loan financing for solar installations, forcing them to pay cash or forgo switching to clean energy altogether, notes Jeff Balcom, Senior……