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Today on the Clean Power Hour making clean energy accessible and affordable for low-to-moderate income families and communities with Andy Posner CEO and Founder, Capital Good Fund.
Capital Good Fund is a non-profit financial institution on a mission to provide affordable financing for renewable energy and energy efficiency upgrades to low and moderate income households. Andy Posner founded Capital Good Fund in February of 2009 while getting his Master of Arts in Environmental Studies at Brown University, where he was studying financing mechanisms for clean energy.
On this episode of The Clean Power Hour, we discuss the challenges many families face in accessing clean energy solutions, including the difficulty in utilizing federal tax credits and the high upfront costs. Posner explains Capital Good Fund's innovative financing models, including 0% interest loans and new leasing programs enabled by the Inflation Reduction Act.
The conversation covers how state policies like net metering along with federal incentives can transform the economics of rooftop solar. Posner also shares his perspective on the installer shortage, permitting delays, and consumer skepticism as barriers to adoption.
Andy shares how his organization, Capital Good Fund, provides financial tools like loans and leases to help underserved populations adopt technologies like solar panels and heat pumps. He explains the various federal and state incentives available, challenges with current policies, and innovative ways nonprofits can utilize tax credits.
Overall, this episode explores creative strategies to democratize the benefits of clean energy through nonprofit programs, affordable financing, community partnerships and more.
Tune in to learn how Capital Good Fund is working to spread the benefits of the clean energy transition equitably.
Key Takeaways
1. Capital Good Fund's nonprofit model and portfolio of loans to underserved communities
2. Layering federal, state and local incentives to improve solar economics
3. Challenges securing capital in rising interest rate environment
4. Barriers to clean energy adoption for Low Income American families
5. Financing products like long-term, low-interest loans
6. State policy impacts on solar economics
7. Monetizing federal tax credits through nonprofit leasing
https://capitalgoodfund.org/
https://www.linkedin.com/company/capital-good-fund/
https://www.linkedin.com/in/andrew-posner-10a0447/
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