Massachusetts State of Solar: Creating an Equitable Transition
Sunwealth Welcomes Julianna Knapczyk as Asset Management Associate
Massachusetts currently remains first in energy efficiency across the country and has installed over 2,300 MW of solar, which makes up almost 10% of the state’s total electricity consumption. Solar prices have fallen 43% over the past five years, and this trend is predicted to continue.
Demonstrating Environmental Leadership: The Corporate Tax Equity Investor
Sunwealth is proud to welcome Julianna Knapczyk as Asset Management Associate. In this new role, she will work closely with other members of the asset management team to oversee Sunwealth’s Solar Impact Fund and a growing portfolio of investor accounts.
Partner Spotlight: Resonant Energy
Businesses of all shapes and sizes are looking to do more to embrace sustainability and combat climate change. Many businesses procure renewable energy for their buildings, support EV fleets, and promote energy efficiency in their buildings – all very good things.
Combatting Racial Disparities in Rooftop Solar Adoption is Up to Us
On a sunny January morning in Somerville, Sunwealth sat down with the co-founder of Resonant Energy, Isaac Baker, to talk about Resonant’s story, goals for 2019, and their partnership with Sunwealth.
Mobilizing the Boston Impact Investing Community
The rooftop solar industry has grown almost 50% per year since 2012 – an important trend that demonstrates that we are transitioning to a clean energy economy. When we take a closer look, however, the dark underbelly of the solar miracle comes to the surface. A recent report in Nature Sustainability shows that the financial benefits of solar flow disproportionally to “white-majority” communities, while leaving racial and ethnic majority communities behind.
The Power of Solar Tax Equity
Every year, more and more people consider the importance of impact when deciding to invest – without a doubt, our community is growing. When speaking about impact investing, David Bank, editor of ImpactAlpha, shared a question: “Things that used to be cutting edge are becoming conventional wisdom. It is happening, but is it happening fast enough?”
Why Small-Scale Investment Matters for Communities, Local Economies and Investors
Making an equity investment in Sunwealth’s Solar Impact Fund has many benefits, the most valuable of which are the tax benefits that are provided to each investor. Hence, such equity investments in solar are commonly referred to as Tax Equity, because an investor’s financial return in a tax equity investment is a combination of cash, federal tax credits and tax-deductible depreciation.
Sunwealth® Welcomes Michael Ferrante as Executive in Residence
A colleague recently shared with me a copy of E.F. Schumacher’s book Small is Beautiful: Economics as if People Mattered. The book, originally published in 1973 energy crisis, is often considered the inspiration for the “buy local” and “fair trade” movements.
Reinvestment Fund Invests $3 Million in Sunwealth® to Support Solar Access
Sunwealth, the clean energy investment firm breaking down barriers to solar investment in underserved markets, today announced that Michael Ferrante has joined the organization as Executive in Residence.
(Boston, MA) October 31, 2018 – Sunwealth, the renewable energy investment firm working to change who has access to renewable energy by changing the way we invest in it, announced a $3 million loan from Reinvestment Fund to support Sunwealth’s renewable energy access work.