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The Energy Intelligence Center (EIC) has a strategic partnership with Jordan Energy which is a top solar solutions provider. This article includes some highlights as well as Solar power news in Massachusetts.EIC’s initial founder, Charlie Szoradi, has a long-standing relationship with Jordan Energy’s founder, Bill Jordan. Charlie engaged Bill and his team for the solar system on Charlie’s beach house in Stone Harbor, New Jersey. Charlie also recently introduced Jordan Energy to one of EIC’s largest clients for major industrial rooftop systems in Pennsylvania and Texas. Click to learn more about Sustainability_Charlie on Instagram. For his Youtube channel click here: Learn from Looking.
In our consulting and system design capacity, we focus on solutions and specifications that are agnostic to specific technology providers. We undertake rigorous due diligence to determine the performance of clean technologies across the dynamic sustainability marketplace. To learn more about solar power and other clean tech partnerships, Contact Energy Intelligence team.
Here is an example of some Solar Power News in Massachusetts:
Solar lending program offers option to marginalized New England households
A community development nonprofit has launched a new solar lending program in Massachusetts and Rhode Island aimed at making it possible for more homeowners to invest in solar panels.
The DoubleGreen Solar Loan is designed to serve households regularly marginalized by existing financing options by offering lower interest rates, longer loan lengths, transparent terms, and more flexible underwriting standards.
This year, the fund aims to close $10 million in solar loans, with 60% of the funds going to low-income households and homeowners of color. The program works with a network of trusted solar installers to ensure buyers are treated fairly and transparently and not charged hidden fees.
“The average income and the average [credit] score of solar adopters has started to come down, but it’s still predominantly upper-middle class and whiter,” said Andy Posner, founder and chief executive of the Capital Good Fund, the organization offering the new loan program.
Posner launched the Capital Good Fund in 2009, with the mission of providing financial services and education to underserved populations. Today, the fund offers three loan products in nine states. The immigration loan program offers borrowers up to $20,000 to help pay for asylum applications, legal assistance, green card fees, or other related expenses. The impact loan program provides small sums to help cover pressing needs like car repairs or utility bills, helping borrowers avoid turning to predatory payday lenders. The weatherization loan helps homeowners pay for energy-saving measures like insulation, storm windows, and high-efficiency heating equipment.
So far, the organization has loaned $20 million to 10,000 families, with a repayment rate of 95%.
The new DoubleGreen Solar Loan evolved out of the weatherization lending program when borrowers started expressing interest in adding renewable energy to their homes as an additional cost- and carbon-cutting measure.
