Energize Your Impact: How Foundations Can Accelerate Solar for LMI-Serving Community Institutions
Vero Bourg-Meyer and Warren Leon | Clean Energy States Alliance
This report explores how philanthropic foundations have supported the deployment of solar and solar plus battery storage (solar+storage) at community-serving institutions, including multifamily affordable housing, community centers, senior care facilities, educational facilities, and health centers in low- and moderate-income (LMI) communities in the United States. It provides a menu of strategies that foundations can use to bring clean energy benefits to LMI households and communities.
Report lead author Vero Bourg-Meyer comments on the report in this video.
Although solar and solar+storage have the potential to provide significant financial, environmental, and resilience benefits, historically there have been daunting obstacles for under-resourced communities to access these technologies. The report focuses on strategies for foundations to help overcome those challenges and advance energy equity.
Energize Your Impact presents eight intervention models that foundations have used to scale up solar and solar+storage. The interventions can be divided into three groups: (1) those that directly reduce costs, such as grants and donations of solar panels; (2) those that facilitate project developers’ access to funding and support market building, such as loans, loan guarantees, and equity investments; and (3) those that help community organizations prepare to implement solar and solar+storage, such as technical assistance funds and capacity-building programs. The models in the report can be replicated and adapted by a wide range of foundations and funders.
“The report does not claim there is a single optimal intervention model,” explains lead author and CESA Project Director Vero Bourg-Meyer. “In fact, it will require a mix of these strategies to successfully deploy solar and solar+storage at scale in LMI communities.”
For the report, the authors conducted literature reviews and interviews with foundations and investment recipients, such as lenders and project developers. The eight intervention models are highlighted with case studies on specific foundation initiatives involving the Bezos Earth Fund, Couillard Solar Foundation, the Honnold Foundation, the Kresge Foundation, The Solutions Project, and Surdna Foundation.
“Solar in LMI communities can achieve several foundation objectives,” CESA Executive Director Warren Leon points out. “It can speed the transition to clean energy while simultaneously strengthening important community institutions and easing the financial burdens of LMI households.”
Energize Your Impact: How Foundations Can Accelerate Solar for the Benefit of Under-Resourced Communities was produced with support from the U.S. Department of Energy Office of Energy Efficiency and Renewable Energy (EERE) under the Solar Energy Technologies Office award number DE-EE-0008758.
Date: April 4, 2023
Topic(s): Energy Storage, Low- and Moderate-Income Clean Energy