Commercial

Program Finances Solar-Energy System

1 MIN READ

Washington, D.C.-based National Consumer Cooperative Bank, or NCB, has launched a financing program dedicated to arranging innovative loan packages for customers installing solar-energy systems nationwide. During the past six months, NCB’s Renewable Energy Department has funded more than $46.4 million in financing for projects, such as the Denver International Airport; Macys (Federated) Corp., Cincinnati; and the Colorado Convention Center, Denver. NCB also has approved and closed a $16 million Renewable Energy Fund Program with New York-based Greystone Renewable Energy Ventures, a subsidiary of Greystone Capital, Tampa, Fla. Through the fund, NCB will provide financing for several Investment Tax Credit- related renewable-energy projects, primarily solar energy, whereby the bank will provide bridge financing of the tax-equity investments for specific projects. For more information, visit www.ncb.coop.

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