Seven OFN Members Receive Grants for Residential Solar under Greenhouse Gas Reduction Fund

The Environmental Protection Agency (EPA) announced $7 billion in grants to deliver residential solar to more than 900,000 American households. 

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OFN congratulates the 60 selectees awarded $7 billion in Solar for All grants, announced by the U.S. Environmental Protection Agency (EPA) on Earth Day on April 22.  

Part of the federal $27 billion Greenhouse Gas Reduction Fund (GGRF), the Solar for All program, will provide funds to states, territories, tribal governments, municipalities, and nonprofits across the country to develop long-lasting solar programs that enable underinvested communities to deploy and benefit from distributed residential solar, lowering energy costs for families, creating good-quality jobs, advancing environmental justice, and reducing greenhouse gas emissions.  
 
Solar for All selectees comprise 49 state-level awards totaling approximately $5.5 billion, six awards to serve Native American tribes totaling over $500 million, and five multistate awards totaling approximately $1 billion.  

Solar for All is one of three multi-billion-dollar programs under the historic GGRF. On April 4, the EPA announced selectees of the other two programs – the National Clean Investment Fund (NCIF) and Clean Communities Investment Accelerator (CCIA) – which included a $2.29 billion CCIA award to OFN and awards to several other OFN members and partners.

OFN Member Awardees 

Special congratulations to our seven members who received more than $1 billion of the total Solar for All grants directly or as part of coalitions:

• The Capital Good Fund  
• Center for Rural Affairs 
• Inclusive Prosperity Capital, Inc.  
• Growth Opportunity Partners  
• Hope Enterprise Corporation  
• Oweesta Corporation 
• Solar and Energy Loan Fund of St. Lucie County, Inc. (SELF)   

See the full list of Solar for All awardees here.

CDFIs Address Climate Crisis in Underinvested Communities 

“There are so many ways in which CDFIs can and will participate in this transition to a just clean energy economy,” said Duanne Andrade, executive director at SELF. An awardee of the Solar for All program, SELF has a deep history of investing in community resilience by financing solar power, battery backups, window and roof upgrades, and aging-in-place upgrades.  

CDFIs and mission-driven community lenders are key to advancing a just clean energy transition, and with the historic investment of the GGRF, transformative capital will flow to the communities most impacted by the effects of climate change. 

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Tags: Green or Climate Finance, Greenhouse Gas Reduction Fund, Impact Investing, OFN Membership