The firm’s financing of more than 30 solar installations in socially diverse communities across 7 states in 2017 is a testament to its ability to provide investors access to low-risk, turnkey opportunities in the commercial and industrial (C&I) solar market. As showcased in the report, Sunwealth’s 2017 solar installations will:
- mitigate approximately 2,400 metric tons of carbon in the first year of operation – equivalent to saving nearly 270,000 gallons of gasoline;
- yield close to $3.5 million in energy savings for power purchasers; and
- support 78 job years for skilled, green-collar positions through the firm’s 49 locally-based partners.
“The findings in Sunwealth’s 2017 Impact Report are impressive and underscore the company’s mission to provide clean energy to local communities while stimulating job growth,” said Emily Reichert, CEO of Greentown Labs, a Sunwealth project partner and the largest cleantech incubator in the country. “Their innovative solar financing mechanism enables more communities to access renewable energy.”
In 2017, Sunwealth also closed its 2017 Solar Impact Fund, moved its headquarters to a new Davis Square location in Somerville, Massachusetts, and earned the Green Business of the Year Award from the Somerville Chamber of Commerce.
“Our focus remains on pursuing meaningful returns for our investors, with projects that benefit a diverse range of communities through clean power, carbon reduction, cost savings, and job creation,” said Jonathan Abe, CEO at Sunwealth. “We are excited to further scale the model underlying our unique approach, as our 2018 Solar Impact Fund will benefit our investors and the communities our projects serve.”
This year, Sunwealth will embark on financing its first projects in California, increasing its reach and impact from coast to coast. The company will also welcome new senior staff to its team and advisory members to its board.
To learn more about Sunwealth, the Solar Impact Fund, and investing in the future of energy, please visit www.sunwealth.com.
Sunwealth (www.sunwealth.com) is a pioneering clean energy firm that delivers a unique investment model designed to expand access to commercial solar. The firm’s Solar Impact Fund is comprised of projects that deliver abundant clean energy to diverse communities and target market-rate return potential for investors. The Fund allows participants to forecast the impact of their investment from the beginning – and see that impact develop in real time through transparent monitoring and measurement tools.
Under no circumstances is the information contained herein to be considered an offer to sell or as a solicitation of an offer to buy any financial product. Investments are offered only via definitive transaction documents and any potential investor should read such documents carefully, including all the risk factors relating to the investment, before investing.