BCCAP Helps Launch CAP Solar Opportunities Fund

BCCAP is working with the national leadership of Community Action to establish the CAP Solar Opportunity Fund, which is designed to create economic opportunity for CAP agencies while driving the expansion of the solar energy sector.

This innovative approach takes advantage of the federal and state government incentives that stimulate solar development in the private sector. In what is essentially a co-op approach, we are creating our own solar investment fund which will leverage the Community Reinvestment Act requirement of banks, and drive capital investment into a fund that shares the returns with Community Action Agencies.

The benefits to CAPs will be:

— No-cost installation of solar systems on CAP facilities
— Lower electricity costs
— Decrease carbon output
— Unrestricted revenue to the CAPs