Finance up to 80% of
Eligible Project Costs
$2 MM - $25 MM
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.