Finance up to 80% of
Eligible Project Costs
$2 Million - $25 Million
Renewable energy has the power to decrease dependency on foreign oil and reduce the world’s carbon footprint by tapping into a resource unhindered by production snafus or political peril: the sun. But harnessing the power of the sun is no smaller matter. The investment required to begin solar energy generation is the #1 hurdle for many. Moreover, the amount of land required to establish solar resources of scale is sizable, dictating that its location is often rural.
Fortunately, a solar project’s rural location unlocks a special financing opportunity from the USDA. The government agency more commonly known for its service to agriculture also backs a government-guaranteed lending program specifically for rural energy projects – no agricultural competent required. The USDA-backed loans, which range from $2 million to $50 million, are facilitated with the help of trusted lenders like North Avenue Capital.
Diesel to Electric
The NAC team is comprised of savvy investors,
experienced bankers, and creative marketers. Each
brings a unique perspective to the table, empowering
NAC to view each loan from multiple angles. We
operate as a unified front, working in tandem to offer
our customers true partnership from engagement to
close. For a true partner in securing funding for a solar
energy project, Look North.
Our customers are often surprised to hear that we only lend to rural businesses — and even more surprised to discover they’ve actually been operating one. 97% of the geographic USA is considered rural. Find out if your address qualifies in 10 seconds.