Scott’s journey to Eagle Solar & Light’s arm in North Carolina began in the late 1990s as a Peace Corps volunteer in Kenya. Sunwealth Associate Liam Davidson sat down with Scott to learn more about his journey, building a purpose-driven business and how he envisions the future of clean energy.
Read MoreSunwealth is proud to be a part of the conversation about affordable housing and the housing advocacy ecosystem by helping reduce utility debt through clean energy savings. We are committed to racial and economic justice; partnering with values-aligned organizations like Heading Home helps us and our community bank investment partners put these principles into practice.
Read MoreSunwealth CFO Omar Blayton joined leaders from banking, solar development and finance to moderate a discussion on “Bridging the Gap for Community Solar and LMI” at Solar Energy Industries Association’s annual Finance and Tax Seminar. The panel discussed successful strategies to financing solar projects for LMI communities and the ongoing evolution of business models for community solar.
Read More“Our mission statements are aligned in the sense that both companies are working together which in the end will promote job opportunities while improving and enhancing several communities by combating climate change,” said James Daley, SVP/Director of Structured Finance at Needham Bank. “Needham Bank is proud to partner with Sunwealth on the vital initiative to provide clean renewable power to the communities we both serve.”
Read MoreSunwealth’s mission is to “invest for a better energy future by financing and managing solar projects that benefit diverse communities through clean power, carbon reduction, cost savings and job creation. We partner with skilled local installers, community organizations and local businesses, and investors to change who benefits from renewable energy by changing the way we invest in it”.
Read MoreTwelve newly trained solar installers are placing panels on New York City Housing Authority developments to provide clean power at discounted rates for low- and moderate-income subscribers. These workers, who are NYCHA residents from across the city, are currently atop roofs at Glenwood Houses, in the Flatlands area of Brooklyn. From there, they'll move to Kingsborough Houses in Brooklyn's Crown Heights neighborhood.
Read MoreThe Massachusetts Bankers Association, Boston law firm Sherin and Lodgen, and Sunwealth teamed up in March to offer a virtual masterclass focused on Solar Tax Equity Investing and Finance. With nearly 100 community bankers in attendance, the event provided insights on the impact of community-based solar projects, SMART policy and revenues, Solar Tax Equity investing, and Solar project lending.
Read MoreThe Biden-Harris Administration continues to demonstrate its commitment to a community-based and more equitable clean energy future by awakening the dormant $40 Billion U.S. Department of Energy (DOE) Loan Program and setting the stage for an even better funded national green bank.
Read MoreSunwealth looks at the impact returns as part and parcel of our process for “good underwriting.” Like a community bank, we look to partner with organizations and businesses that help to anchor communities: houses of worship, nonprofit social service organizations, affordable housing providers and municipalities.
Read MoreThe Biden-Harris Administration’s executive orders to rejoin the Paris Climate Accord and prevent new oil and gas drilling on federal lands are meaningful, but the most significant order for the solar investing that Sunwealth and our partners conduct is the one establishing an interagency council on environmental justice.
Read MoreLate last year, Congress passed a new stimulus bill that includes an extension of the Solar Investment Tax Credit. It should not come as a surprise that solar can garner bipartisan support in even the most partisan environment. Every day, we work with experienced local solar businesses to build solar projects that are additive to our communities.
Read MoreIn the midst of the current economic recession, renewable energy - and solar in particular - can play a key role in revitalizing local economies, while continuing to fight climate change. To capture the full benefit that solar and renewable energy can provide, we need strong, experienced leadership in the executive branch.
Read MoreSunwealth CFO Omar Blayton joined Cape Cod 5 Co-President Bert Talerman and Eastern Bank Community Development Lender Penny Billington Hunt for a discussion of the Banks’ success in using solar lending and tax credits not only to strengthen their communities, but also to grow the Bank’s bottom lines.
Read MoreCommunity banks invest in Sunwealth Tax Equity in part because of the risk-reward of our product, track record, generational commitment, and focus on community impact. More importantly, community banks invest because of our devotion to simplifying the tax equity investment process for them, making it worth their while.
Read MoreAfter many days of anxious anticipation, we can now say for certain that Joe Biden will be the next President of the United States. No matter how you may feel about the election outcome, one thing that we all can agree on is that a change in administration will be a net positive for solar energy investments.
Read MoreWith their focus on big transactions and big companies, megabanks overlook a solar opportunity that community banks are uniquely suited to recognize and capture. Community-based solar projects – while smaller in scale – can offer outsize community impact and competitive financial returns.
Read MoreIt is a simple truth that community banking is the “backbone” of prosperous and equitable communities. As a paperboy, it was my community bank that held my weekly deposits – mostly loose change – and empowered my parents to fulfill the dream of homeownership for our family of six.
Read More
