FOR IMMEDIATE RELEASE
April 4, 2024
The Solar and Energy Loan Fund (SELF), America’s first local, hybrid non-profit Green Bank and Community Development Financial Institution (CDFI), announced today that its coalition partners have been awarded a total of $15.2 billion from the Greenhouse Gas Reduction Fund. These partnerships include Coalition for Green Capital, Climate United Fund, Justice Climate Fund, and Opportunity Finance Network. As a subawardee and key member of these coalitions, SELF will support deployment of these funds to catalyze clean energy, green building, and zero-emissions transportation in disadvantaged communities.
This funding will allow SELF to dramatically scale its existing energy efficiency and net-zero financing for low and moderate income homeowners, small-scale landlords, and emerging developers. SELF will also soon launch new initiatives that benefit communities as a whole, such as retrofitting churches and financing clean transportation, solidifying its position as a one-stop shop for communities to make a just transition to the clean energy economy.
“Clean energy, climate resilient buildings, and zero-emissions transportation make sense for every household,” said Duanne Andrade, SELF’s Executive Director. “We are excited and honored to have the opportunity to make these common-sense, impactful solutions affordable to everyone, especially to those disproportionately burdened with energy and housing costs in disinvested neighborhoods. This historic funding is a dream come true for SELF and others who have been striving for decades to prove that the non-profit Green Bank model is the most inclusive and effective mechanism to achieve a just transition to a clean energy economy for all. We congratulate EPA’s inclusive, big-tent approach that ensures broad participation across sectors and geographies and centers low-income, disadvantaged communities. We’re excited to expand our impact through bringing both our existing programs and new initiatives to communities throughout the country. Manos a la obra! Let’s get to work.”
SELF will leverage its network of local governments, community partners, and contractors to deploy GGRF funding across the South.
If you are interested in collaborating, please visit https://solarenergyloanfund.org/ggrf-funds/
To learn more about how the Greenhouse Gas Reduction Fund is mobilizing investment in climate projects, visit https://www.epa.gov/newsreleases/biden-harris-administration-announces-20-billion-grants-mobilize-private-capital-and
About SELF:
The Solar and Energy Loan Fund (SELF) is a non-profit Green Bank-CDFI. Through innovative and equitable financing solutions, SELF empowers homeowners, contractors, landlords, and affordable housing developers to implement energy-efficient, climate-resilient, and renewable energy projects, ultimately reducing carbon emissions and creating green jobs and a more equitable and sustainable future. For more information, visit https://solarenergyloanfund.org/.