The Green Energy Community Investment Fund
From Helio Micro Utility and Citi Community Capital
Citi Community Capital, a division of Citi, and Helio Micro Utility have created the first green energy sector fund of its kind, the Green Energy Community Investment Fund™. The program will initially finance up to four megawatts of solar electricity production in 2008, installed on qualifying commercial and public sector facilities throughout the U.S., with an emphasis on underserved communities.
The Green Energy Community Investment Fund was created to support the installation of solar electricity systems on commercial and public sector buildings. Ideal criteria for participation in this new program include:
- Solar projects that can be completed prior to the end of 2008 so that the benefits of the Federal Incentive Tax Credit (ITC) program can be applied to the solar power system installation cost.
- Customer sites that are owner occupied or have more than 10 years remaining on the building lease.
- Sites that have adequate roof space for a solar electricity system capable of generating at least 50 kW, or approximately 9,000 square feet of space.
- Sites that have unobstructed sun exposure year round.
- Sites that are paying over $2,000 per month in electricity bills.
- Sites in California, New Jersey, or other states with existing state-level solar incentive programs
The Helio mU team will move quickly to evaluate building sites and install solar power systems this year. We encourage interested customers to contact us, particularly for projects that can be completed by the end of this year. In addition to end customers, solar power installation firms who have non-residential projects which might qualify for support from the Green Energy Community Investment Fund should contact us immediately.
To submit your project for consideration:
