Posigen Solar

Date: 2021

Asset Class: Direct Investment

Description:  PosiGen is a national provider of leased solar power systems and energy efficient upgrades focused on low-moderate income (“LMI”) homeowners. The Company’s solar power systems and energy efficient upgrades feature no money down required, 20- year lease terms, fixed payments with no escalators, underwriting to a minimum $500 first year savings and no FICO score cut-off. PosiGen was founded in 2011 in New Orleans, LA and has installed over 16k solar systems and completed over 14k energy efficiency upgrades across Louisiana, New Jersey, and Connecticut.

Why We Invest: PosiGen is growing and has the potential to scale rapidly in the coming years to become a leading national residential solar provider for LMI populations. The Company’s impact is multi-faceted; increasing access to clean energy, increasing savings for homeowners, and employing people from the communities it serves. It is a compelling opportunity to address issues of environmental justice, economic empowerment, and access to clean energy, while making a sound financial investment.