The Appalachian Solar Finance Fund (SFF) jumpstarts emerging local solar markets in Central Appalachia.
By deploying targeted financial tools designed to unlock new solar energy projects that face unique barriers due to region-specific challenges, the SFF promotes economic recovery and diversification in Central Appalachian communities impacted by the decline of the coal industry.
Is your project located in an eligible area? Check the list.
The SFF’s targeted blend of financing options can be used to:
- offset pre-development and early-stage project costs
- replace the value of the federal Investment Tax Credit (ITC) for tax-exempt institutions, and
- support innovative, replicable approaches to project development and financing that unlock additional solar deployment in the region.
These tools are deployed through:
- select sub-grant awards and
- competitive technical assistance contracts
- public institutions,
- nonprofit entities and
- commercial businesses serving as anchor institutions in their local communities.
As part of project underwriting, a review of project readiness and impact threshold metrics ensures that SFF-financed projects are:
- investment-ready and
- highly probable to result in finalized transactions.
The resulting solar projects produce a powerful convergence of:
- employment opportunities,
- business creation,
- new investments and
- wealth retention in communities directly impacted by the decline in the coal economy.