Capital Good Fund is increasing its Pennsylvania BRIGHT photo voltaic leasing program statewide following an funding from Candide Group’s Afterglow Climate Justice Program. Began in 2024, Pennsylvania BRIGHT arranges photo voltaic undertaking leasing for households incomes lower than $165,000 yearly or in Low-Revenue, Deprived Communities. Prospects are eligible no matter credit score rating, and the lease agreements are designed to scale back month-to-month vitality prices and deal with long-term undertaking upkeep.
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“Afterglow is proud to assist the Pennsylvania BRIGHT residential program. Tasks like Pennsylvania BRIGHT are vital for guaranteeing all communities can take part in a simply local weather transition,” stated Neal Parikh, co-managing director of the Local weather Justice Fund at Candide Group. “The financial savings these initiatives will generate be sure that Pennsylvania residents spend much less of their earnings on vitality payments. Capital Good Fund’s work in growing entry to inexpensive clear vitality options is a vital resolution to rising vitality prices affecting households throughout the U.S.”
The statewide enlargement arrives because the residential funding tax credit score expires at the end of 2025.
“Increasing Pennsylvania BRIGHT statewide is a milestone for vitality fairness,” stated Andy Posner, Founder and CEO of Capital Good Fund. “At a time when vitality prices are placing actual strain on working households, this program proves photo voltaic could be a highly effective instrument, opening doorways so extra People can lower your expenses and safe vitality independence.”
With assist from Leon Lowenstein Basis, The Pittsburgh Basis, The Heinz Endowments, Henry L. Hillman Basis and BQuest Basis, Capital Good Fund launched pilot packages in Southwest and Southeast Pennsylvania final summer time. The Southeast program is powered by native partnerships with Philadelphia Inexperienced Capital Company and the Philadelphia Vitality Authority, which operates Solarize Better Philadelphia. By means of Solarize Better Philadelphia, collaborating installers will provide job alternatives and workforce coaching inside the exact same low-to-moderate earnings (LMI) communities the place the photo voltaic techniques are being leased.
“Pennsylvania BRIGHT makes it potential for LMI owners to scale back prices utilizing clear, inexpensive photo voltaic vitality,” stated Maryrose Myrtetus, govt director of the Philadelphia Inexperienced Capital Corp. “Although federal tax credit for residential installations expire later this 12 months, photo voltaic leases are offering clear advantages. Pennsylvania BRIGHT removes upfront prices and credit score boundaries. By partnering with Solarize Better Philadelphia, we’re making it potential for owners of all earnings ranges to entry financial savings and stability.”
Pennsylvania BRIGHT has helped over 60 households decrease vitality payments and construct resilience throughout the Commonwealth.
“We’ve three grandchildren, and we need to ship a message that there’s one other means,” stated Mark Gorman, of Pittsburgh, who noticed his photo voltaic system go stay this spring. “Packages like Pennsylvania BRIGHT assist bridge the hole so everybody will be a part of the clear vitality transition.”
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