Sunwealth Secures $17M Tax Equity Partnership with U.S. Bancorp Impact Finance
We are excited to announce that Sunwealth has successfully closed a $17 million tax equity partnership with U.S. Bancorp Impact Finance, marking their first investment with us. This partnership will help fund the development of community solar and distributed generation projects across New York, New Jersey, Massachusetts, and California. The projects will provide clean energy to schools, municipalities, housing authorities, medical centers, corporations, and community solar subscribers—helping to remove barriers to solar access.
U.S. Bancorp Impact Finance, the community investment and tax credit division of U.S. Bank, has been mobilizing capital for more than 35 years. Their investments support affordable housing, economic development, and clean energy solutions.
This partnership reinforces Sunwealth’s deep commitment to equitable clean energy solutions. Through our innovative approach, we are expanding solar access, driving economic benefits, and delivering lasting environmental impact. Explore our 2024 Impact Report to see how we are creating measurable change in communities nationwide.
If you’re interested in how Sunwealth’s solar tax equity investment opportunities can support your strategic goals, please schedule a time to connect with Darreck Mitchell, VP, Director of Capital Markets, via Calendly. Together, we can build a more sustainable and equitable future.
About Sunwealth
Sunwealth is a clean energy investment firm working to change who has access to renewable energy by changing the way we invest in it. Combining deep experience in solar development and finance with roots in community and impact investing, Sunwealth invests in commercial solar plus projects delivering clean energy and energy savings to communities while providing strong financial returns to investors and community partners. Since 2014, the company has invested over $256 million in 766 community-based solar projects nationwide; the company has delivered targeted returns to investors for over 10 years with no defaults. For four consecutive years, Impact Assets named Sunwealth to its IA50, a leading list of impact fund managers; Environmental Finance awarded Sunwealth its 2023 Award for Innovation – Bond Structure (Social Bond) and named Sunwealth’s Solar Impact Fund its ESG Fixed Income Fund of the Year. Learn more at www.sunwealth.com.