Texas
Clean Energy Fund of Texas
GREEN BANK FEATURES
Bank Model
Private/Non-profit
Bank Scope
Statewide
Year Est.
2022
Political Landscape
Republican Trifecta
Initial Funding
Private Grant
New Instit.
Yes
Implement. Process?
Established as a 501C3 and mobilized funding from a mix of public and private sources and a part of the American Green Bank Consortium.
Reporting
N/A
More Info
Stephen Brown is CEO and founder who has a long history in the climate community and green financing.
FOCUS
Making residential financing accessible to low-income and low credit homeowners for energy efficiency improvements like energy efficiency, weatherization and water conservation.
APPROACH
Engage community-based organizations like nonprofits and religious institutions that are respected entities in their neighborhoods.
The mission of the Clean Energy Fund of Texas is to make clean energy resources affordable for all Texans. We believe that an equitable transition to clean energy will mitigate the impacts of the climate crisis, eliminate energy poverty, create green jobs and catalyze economic development opportunities in historically under-resourced communities. We will accomplish this by accelerating the flow of green capital into underserved markets to provide all Texans a healthier, prosperous and just future.
GOALS
- Community-based organizations like nonprofits and religious institutions are respected entities in their neighborhoods.
- Residential financing is a core element of the Clean Energy Fund of Texas approach. Homeowners can save money and save energy by accessing affordable financing to add solar panels, retrofit their homes and make other upgrades.
- Suppliers of solar panels, high-efficiency insulation, water-saving appliances, smart grid technology, HVAC units and other materials
- Small and large businesses. Accelerate financing to small and large businesses, large businesses.
- Sunrise Term Loan: makes clean energy home improvements more accessible to low-income and low credit homeowners.
- Coming Soon — Property Assessed Clean Energy (PACE): financing for business or nonprofit community organizations owns their building and looking to add clean energy or water saving upgrades.
- Village Term Loan: supports energy improvement projects for low- and moderate- income multifamily properties.
- Navigator Pre-Development Loan: multifamily property with 5+ units or nonprofit community organizations that owns the building.
PRODUCTS AND PORTFOLIO
CONTACT INFORMATION