We continue to get closer to achieving net neutrality thanks to local, state, and federal climate policies and goals. Generous rebate and incentive programs lower the financial burden to develop and implement clean technologies, but oftentimes consumers and green organizations still rely on private loans, investments, and financial backing. However, lending and investing in new technology from a young industry doesn’t come without its perceived risks, so, it can be difficult to obtain funds from traditional lenders to upgrade to green technology.
This is where green banks can come in – they’re specialized lenders created to address gaps in traditional lending, helping accelerate investments in clean energy. In this article, we explain what green banks are and the benefits of working with them.Continue reading