Adam Capital Clean Energy Asset Finance LLC, a leader in the clean energy lending space, has agreed to extend $1 million to Sustainable Environmental Enterprises (SEE) of Louisiana, a community-development organization that is financing solar for disadvantaged communities in New Orleans. The loan will finance rooftop solar panels for over 85 low-income homes, and help SEE become one of Louisiana's leading solar providers to low-income communities.
After Hurricane Katrina, the state of Louisiana recognized the important role solar power can play in making communities less vulnerable to extreme weather events. The state has offered premium solar incentives to help rebuild communities like New Orleans, but local homeowners and organizations have struggled to secure financing.
Adam Capital, a leading private investment fund in the renewable energy sector, provides much-needed investment capital for clean energy projects, thereby solving a critical funding gap in the market. The company recognizes that solar financing is especially significant for low and moderate income households, who spend a higher percentage of their income on energy but cannot afford to own solar.
Joy Hughes, Founder, Solar Gardens Institute http://www.solargardens.org
CEO, Solar Panel Hosting LLC http://www.solarpanelhosting.com