CCEF Commercial Products

Direct Pay Bridge Loan – Solar for Community Organizations

The Direct Pay Bridge Loan Solar for Community Organizations is a statewide, short-term loan intended to bridge the 30% direct payment available from the IRS for tax-exempt organizations implementing renewable energy and battery storage projects. This bridge loan can be paired with either the CCEF Energy PAL or the CCEF Clean Conversion Loan for longer-term financing of the remainder of the project cost.

Click here to download this loan product flyer and click here to view our registration guide on how to file for direct pay.

Amount
Up to $1,000,000

Terms
Up to 24 months

Repayment
Monthly interest payments + No prepayment penalties

Rates
Fixed, below market

Security
Secured by UCC-1 filing

Speed
Access to funding within weeks

Eligible Borrowers
Non-governmental tax-exempt entities that qualify for the direct pay provision of the federal investment tax credit as codified in IRC §6417, including 501(c)(3) tax-exempt entities.*Homeowner and condo owner associations that are tax-exempt under 501(c)(4) are not eligible for direct pay and do not qualify for the Solar Bridge Loan.

Fees
Origination fees are 2% of total project cost, paid one time at loan closing.

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