Credit Eligibility & Requirements
The Collective Clean Energy Fund offers financing for projects that meet specific underwriting criteria, including financial stability, project feasibility, and environmental impact. Eligibility requires a completed application with necessary documentation, such as project details and financial records. Review the checklist for all requirements and explore example projects for guidance.
Learn more about our commercial products here.
Underwriting Criteria
Disclaimer:
All credit products are subject to credit approval. Rates, terms, and conditions are subject to change without notice and may vary based on applicant’s creditworthiness, loan amount, and other factors. Additional terms and conditions may apply.
In order to qualify for a loan, businesses must meet all of the following requirements:
Time in Business: 2 years minimum
Collateral: See our Product page for collateral information.
Personal guarantee: Generally required on all deals.
Personal guarantee waived for entities with at least 3 years time in business and loan amount less than $150,000.
Application Checklist
The following is a checklist of the materials to prepare alongside the full loan application to request funding from the Collective Clean Energy Fund (CCEF). These materials will be requested along with a completed loan application to begin the formal underwriting process.
** Additional insurance requirements as applicable:
- Property Insurance: For loans secured with a deed of trust
- Flood Insurance: If in flood zone
- Builder's Risk: Construction Loans
- General Contractor Worker's Comp: Construction Loans
- General Contractor Liability: Construction Loans
Example Projects
Fitch Ranch Artisan Meat Co.
Fitch Ranch Artisan Meat Co. is implementing a new 151.2 kWp roof-mounted solar array system to its meat processing plant facility. The business received an Energy PAL loan from CCEF for the entire project cost and they were awarded a USDA Rural Energy for America Program (REAP) grant for 40% of the project cost.
Silo Adventure Center
The owners of Silo Adventure Center in Grand Junction, CO decided to install a 300-panel 120 kilowatt solar system on the rooftop of the large building, which will offset 122% of energy demand. The system will produce approximately 194,470 kilowatt hours per year with savings estimated at $27,470.
All Inn Hotel
The building owner recognized that the All Inn’s mission aligned perfectly with CCEF’s by filling a financial gap for a clean energy project. The 15-year Clean Conversion Loan, with its fixed, below-market interest rate and payments amortized over the loan term, provided the financial flexibility needed to move forward with the project.
