Yes Solar Solutions, a leading solar installer in North Carolina’s Triangle region, has made a significant step towards expanding access to solar energy. The company has partnered with the NC Clean Energy Fund (NCCEF) and the Solar and Energy Loan Fund (SELF) to offer customers the NC Clean Energy Fund financing option. This marks a breakthrough in making solar energy more accessible to a broader range of homeowners in the state.
This new financing option is particularly beneficial for those with moderate disposable income who may not have the high credit score traditionally required for solar financing. The NCCEF financing program features no dealer fees, transparent terms, and is available to individuals who can make monthly payments, regardless of their credit score. This allows more people to take advantage of existing incentives like the federal tax credit and Duke’s PowerPair program.
Kathy Miller, Co-Founder and CEO of Yes Solar Solutions, highlighted the importance of this innovation, stating that it provides another valuable tool to offer solar energy to those who previously couldn’t afford it or didn’t qualify for traditional financing. This partnership represents a positive example of the efforts being made by non-profit organizations like NCCEF to advocate for affordable solar energy for all.
The NC Clean Energy Fund is a non-profit organization operating on the ‘Green Bank’ model, which has been successfully implemented in several other states. Their mission is to accelerate investments in clean and efficient energy solutions and enhance climate resilience in North Carolina, particularly for underserved communities. They collaborate with public and private investors, foundations, and other non-profit organizations to provide sustainable financing solutions that create lasting environmental, economic, and social benefits.
This partnership between Yes Solar Solutions and NCCEF is a significant step towards making solar energy more accessible in North Carolina. It aligns with the state’s broader initiative, EnergizeNC, which aims to rapidly deploy distributed solar energy across the state through a $156 million Solar for All EPA grant. This initiative will focus on bringing solar energy to disadvantaged communities, including affordable multifamily housing developers and low to moderate income households, through loans, subsidies, and financing.
