InAction:Tarrytown,NewYork
InAction:ScenicHillSolar
InAction:ClimateUnitedTrucks
InAction:SolarDevelopmentonTribalLands
InAction:CleanEnergyLoans
About Climate United
ClimateUnitedisapublic-privatepartnershipthatremovesfinancialbarrierstocleantechnologies soeveryAmericancanbenefitfromlowerenergybills,betterpublichealth,andgood-payingjobs. TheClimateUnitedcoalitionismadeupofthreeorganizationswithdecadesofexperience Calvert Impact(ClimateUnitedFund),CommunityPreservationCorporationClimateCapital(CPCCC),and Self-HelpClimateCapital(SHCC).Together,theseorganizationshavedirectlydeployedmorethan $30billionofprivateandinstitutionalcapitaltounlockeconomicopportunityinall50states,District ofColumbia,andU.S.territories.
Executive Summary
InApril2024,theEnvironmentalProtectionAgency(EPA)awardedClimateUnited$6.97Btoprovide affordable,accessiblefinancingforcleanenergyprojectsthroughtheNationalCleanInvestment Fund.ClimateUnitedexecutedthegrantwiththeEPAinAugust2024andgottowork. Unfortunately,inFebruary2025,ourfundswereabruptlyfrozen.
Despitechallengesandsetbacks,ClimateUnitedremainscommittedtotransparencyand accountability.IncompliancewithEPArequirements,thisreportcapturesprogresstowardsour EPA-approvedworkplanduringthefirstannualperformanceperiodfromApril2024toJune2025.
Initsfirstyear,ClimateUnitedachievedallannualgoalsandmetrequiredbenchmarkstoreach long-termgoals.ClimateUnitedclosedorcommittedover$742Minfinancialassistancetodeploy cleanenergy,expandaccesstoelectrictransportation,anddecarbonizebuildingsacrossthe country.Theseinvestmentswillcreatemeaningfulenvironmentalandeconomicbenefitsfor hardworkingAmericanswhileboostingdomesticmanufacturing,creatingjobs,andexpanding accesstoaffordablecleanenergy.
ToexecuteourEPA-approvedworkplan,ClimateUniteddevelopedaholisticstrategytoachieve markettransformation,buildingoutteamsandstructurestomaximizeimpact.Throughrobust communityengagementandpre-developmentsupport,weempoweredruralandTribal communitiestolaythegroundworkfortransformativeprojectsineverycornerofthecountry.
ClimateUnitedispressingforwardtounfreezefundssowecangetbacktoworkinvestinginprojects thatimprovelives.
Our Impact
FromAlaskatoArkansas,theClimateUnitedcoalitionisinvestingincleanenergy,electric transportation,andgreenbuildingstostrengthenlocaleconomies,reducepollution,and increaseaccesstocleantechnologies.Eventhoughwehavebeenunabletodeploycapital sinceFebruary,ClimateUnitedhasmetorexceedednumerousworkplangoals.
In coordination with EPA, goals were established for the first annual period of performance spanning from June 30, 2024 to June 30, 2025. The five-year performance period ends on June 30, 2029
By the Numbers
$742,O27,OOO committed in loans and investments
Goal: $580 million
1.1 million people served across 15 states and District of Columbia
Surpassed goal by $162 million
Of Climate United’s closed or committed loan transactions,
99% 23% 9O%
Support Low-Income and Disadvantaged Communities
Goal: 60%
Support Tribal Communities
Goal: 10%
Total Particulate Matter Reduction
Support Rural Communities
Goal: 20%
164,O52 pounds
$1.7 billion in local economic development in disadvantaged communities
1.35 million metric tons of greenhouse gas emissions are projected to be reduced or avoided annually, surpassing the annual amount needed to reach our 2O29 goal.
Goal: 11 million metric tons of CO2e emissions reduced or avoided by 2029
Equal to:
316,169 gas-powered cars off the road for one year
Our Arkansas solar commitment is projected to provide renewable energy access for
397 K-12schoolsand universitybuildings*
Goal: Provide clean energy for 150 school buildings by 2029
*Surpassing5-yeargoalinjustoneyear
Climate United has committed a $15O million loan to install solar on over
1O,OOO single-familyhomes
Goal: Provide 10,000-35,000 single-family homes with access to solar by 2029
$128 million in savings over 25 years to reinvest in students
Over $55O in annual household savings
Investing in Projects that Improve Lives
EveryAmericandeservesaccesstocleanair,healthyhomes,andaffordableenergy.ClimateUnited investsinenergy-efficientbuildingsthatbringthebenefitsoflow-costrenewableenergyand electrificationtocommunitiesgrapplingwithhighenergybillsandairpollution.Weworkwith housingownersanddeveloperstofinancesolutionsthatreducepollutionandlowercosts,from rooftopsolarandgeothermaltoreplacinginefficientgasapplianceswithelectricones.Theresult? Healthier,moreresilientneighborhoodswhereeveryonecanthrive.
InAction:Tarrytown,NewYork
CPCClimateCapitalfinancedanaffordablehousingprojectinpartnershipwiththeCityofTarrytown, NYtoprovideaffordablehousingforseniors.62Main,a109-unit,100%affordablepropertylocatedin Tarrytown,NYservesseniorsearning30-70%ofAMI.Theprojectincludedtheadaptivereuseofa formerYMCAintoapartmentsaswellasanewlyconstructedbuilding.Thetransit-orientedproperty indowntownTarrytownisnearMetro-North’strainlinetoNewYorkCityandlocalshops,restaurants, andpublicparks.
CPCClimateCapital’s$3.072millionsubordinatepermanentloansupportedthedeveloper,WBP Development,tofinanceupgradesthatreduced62Main’sannualcarbonemissionsby240MTCO2e peryear.TogetherwithfundsfromNewYorkState’sHousingFinanceAgency,WestchesterCounty, andtheTarrytownHousingFund,CPCClimateCapital’sloanmadeitpossibletodeliver109unitsof housingthatwillremainaffordablefor99years,whileenablingtheupgradesneededtoserve residentsfordecadestocome.
Affordable housing serving Tarrytown's low-income seniors
Geothermal heating, cooling, and hot water with smart systems to reduce energy use
KW of solar to produce 4O% of the property's electricity
Growing an American-made Green Economy
Thebenefitsofcleantechnologiesextendfarbeyondthelocalcommunitywherethey’redeployed. ClimateUnited’sinvestmentssupportAmericanbusinessesacrossthecountry.We’redriving demandfordomesticcleanenergymanufacturingtolowercosts,creategoodjobs,andmakethe U.S.moreenergyindependent.
InAction:ScenicHillSolar
InArkansas,ClimateUnitedishelpingScenicHillSolardevelopthelargestcommercialsolarproject inthestatetoprovideaffordablecleanenergytoruralcommunitieswhileboostingdemandfor domesticsolarmanufacturing,supportinglocaljobs,andcreatingmillionsineconomicbenefitsfor localcommunities.
InSeptember2024,ClimateUnitedFundcloseda$31.8millionpre-constructionloanfor18solar projectsacrossthestateofArkansasthatwillbenefittheentireUniversityofArkansasSystem.Most ofthepowerplantswillbebuiltinruralareasandhelpstrengthenlocalenergygrids,deliver economicdevelopmentcapacity,andcreategood-payingjobsinsmalltownsacrossArkansas.In addition,allofthemodulesusedfortheprogramaremanufacturedintheU.S.,breathingadditional lifeintodomesticmanufacturingandlocal,resilientsupplychains.InMarch2025,ClimateUnited Fundcommitted$42.3milliontosupporttheconstructionofthesesolarsitesaswellasfive additionalsolarprojectsthatwillservecommunityfacilities,municipalbuildings,andthelargest employerinArkansaswithclean,affordableenergyoverthenextdecadeandbeyond.
The University of Arkansas System is expected to save $12O million in energy costs, directly benefitting:
7O,OOO students
17,OOO employees
1OO% of solar panels made in America
23 solar projects
126,318 MTCO2e reduced annually
InAction:ClimateUnitedTrucks
InOctober2024,ClimateUnitedFundannouncedour$250millionelectricdrayagetruckprogramto offeraffordableleasingoptionsforbatteryelectrictruckstosmallfleetsandindependentoperators. Electrictruckscostlesstooperatebutarefrequentlydifficultforsmallbusinessestoadoptduetohigh upfrontcosts.Weplantopurchaseupto500battery-poweredtrucksthataremadeintheU.S.by Americanmanufacturers,whichwouldmarkthelargestsingleorderofelectrictrucksintheworld.
InvestinginthedomesticelectrictruckingindustryhasrippleeffectsacrosstheentireAmerican economy–creatingqualitymanufacturingjobs,boostingdemand,makingtheU.S.moreglobally competitive,curbingpollution,andloweringoperationalcostsforsmallandindependentoperators. Transitioning500dieseltruckstobatteryelectricwillreduce greenhousegasemissionsbyover
Expanded Economic Opportunity
Capitaloftenflowstothesamepeopleinthesameplaces.ClimateUnitedisworkingtochangethat bydrivingcapitaltocommunitiesthathavehistoricallybeenleftbehind.We’recommittedto delivering60%ofourfinancialassistancetoLow-IncomeandDisadvantagedCommunities.By investinginthesecommunitiesandattractingprivatecapital,wecreateupwardeconomicmobility forlocalworkersandfamiliesthroughjobs,costsavings,andeconomicdevelopment.
InAction:SolarDevelopmentonTribalLands
InFebruary2025,ClimateUnitedFundcloseda$10.8millionpre-constructionloantoasolar developertosupportpre-developmentcostsforthreeutility-scalesolardevelopmentsinthePacific NorthwestonTriballands.Together,theprojectswilltotalupto885MWofsolarPVandbattery energystorage.ThedevelopergivesTribesthechoiceofservingasprojectco-ownersandensures jobsareavailabletothelocalcommunity
Atprojectcompletion,thesedevelopmentswouldreduceGHGsby1.1millionmetrictons(MT)of CO2eannually.Thisinvestmentservesasamodeloflocally-driveneconomicdevelopment,working alongsideTribalcommunitiestocreateownershipopportunitiesinadditiontocleanenergy generation.
At project completion, developments will reduce the equivalent of taking 256,581 gas-powered cars off the road for a year.
885 MW of solar PV + battery energy storage
23 solar projects
1,1O6,788.3 MT CO2e reduced annually
More Inclusive Capital Markets
ClimateUnited’simpactgoesbeyonddirectoutputsandoutcomes.Ourworkaimstochangehow financialmarketsworkbyincreasingtheamountofcapitalflowingintothegreeneconomy. Changingcapitalmarketsinvolvessimplifying,standardizingandincentivizinginvestmentsand usingsuccessestoinformfuturemarketshapingandpolicyrecommendations.
InAction:CleanEnergyLoans
InOctober2024,Self-HelpClimateCapitalreleasedaRequestforProposal(RFP)tosolicitlending partnersfor“CleanAir”energyefficientmortgages–afirststeptodevelopingstandardizedgreen mortgagesforconsumers.Thisprogramaimstosupporthouseholdsofmodestmeansinfinancing homesthatarehighlyenergyefficient,allelectric,andreadytobepoweredbycleanenergysources.
FromDecember2024toMarch2025,SHCCalsoreleasedRFPsseekingproposalsfromprospective originationpartnersforelectricvehicle,energyefficiency,andsolarloans.Thepublicationofthese RFPsisthefirststepinlaunchingaconsumerloanpurchaseprogram,whichwillprovideliquidityto transactionpartnersthatwillhelptoscaleavailabilityofgreenandcostsavingconsumerloans nationally.Further,theseloanpurchaseprogramswillprovideaffordablefinancingtoconsumersto facilitatetheadoptionoftheselow-andzero-carbontechnologies.
Theseprogramsincentivizecommunitylendersandotherintermediariestoinvestingreenlendingat scaleandhelpeveryAmericanexperiencethebenefitsoftransitioningtogreentechnologies–cleaner,morecomfortablehomesandlowerenergycosts.
How We Work
Gettinglocalprojectscapitalready
Oneofthebiggestbarriersforlaunchingacleanenergyprojectissecuringearly-stage fundingforprojectplanning,feasibilitystudies,andotherpre-development.Tobolster thediversityandtypeofprojectsinourpipeline,ClimateUniteddevelopedpredevelopmentfundingopportunitiesthathelpprojectsinrural,tribal,andlow-income communitiesbecomefinanceable.
Climate United NEXT Program
InNovember2024,ClimateUnitedlaunchedapre-developmentprogram,ClimateUnitedNEXT,to takeearly-stagecleanenergyprojectsfromplanningtoprojectfinancing.Thisinnovativeprogram willprovideupto$30millionintechnicalassistanceandplanningfinancialsupportoverthenextfive yearsforcommunity-ledprojectsthatincreaseenergyindependenceandresiliency,reduce greenhousegasemissions,andreducelocalenergycosts.Theprogramwillbeopentonon-profit organizations,stateandlocalgovernmententities,Indiantribes,andInstitutionsofHigher Education(IHE)withthelong-termgoalofequippingsmall-andmid-sizedorganizationstounlock publicandprivatecapitalforclimateprojects.
Ourfirstroundoffunding,targetedatprojectsservingNativecommunities,received104 applications,andClimateUnitedchose22highqualityprojectsforourfirstcohort.Projectsrange fromelectrifyingfishingboatstoinstallingsolarpanelsonTriballandstoperformingenergy efficientupgradesonhomes.Duetothefundingfreeze,ClimateUnitedhasbeenunabletomove forwardwiththefirstroundofNEXTandfutureroundsareonhold.
Round One Toplines
1O4 applications
22 selected projects
18 states served
InAction:NativeAmericanCommunityClinic
OneoftheselectedrecipientsfortheNEXTProgramistheNativeAmericanCommunityClinic (NACC).Theirmissionistopromotethehealth&wellnessofmind,body,andspiritofNative Americanfamilies.
TheNativeAmericanCommunityClinic&HousingProjectcombinesanexpanded33,550sqft medicalclinicwithlow-incomehousingdevelopment(83units),targetingnet-zeroenergy performancethroughcomprehensivecleanenergyintegration.
LocatedintheAmericanIndianCulturalCorridorofMinneapolis,thisexpansionwillenableNACC toserveanadditional3,000patientsannuallyfromacommunityofapproximately26,000American IndiansandAlaskaNatives.Throughinnovativeapproachesincludinggeothermalheatpumps, solarphotovoltaics,andadvancedbuildingsystems,theprojectaimstocreateareplicablemodel forsustainable,community-centeredhealthcareinfrastructurethatreducesbothoperationalcosts andenvironmentalimpact.
Dr.AntonyStately, PresidentofNACC
“TheNativeAmerican CommunityClinicisalifeline forAmericanIndianfamiliesin Minnesota,providingessential healthcarewhereit’smost needed.TheNEXTgrantis crucialfortransforming ourclinicintoaneco-friendly, sustainablespacethatreduces ourenvironmentalimpact whiledeliveringbettercare. Byintegratingsustainable, eco-friendlypractices,wealign withindigenousvaluesofland stewardship,ensuringa healthierfuture.”
“TheNativeAmerican CommunityClinicisalifeline forAmericanIndianfamiliesin Minnesota,providingessential healthcarewhereit’smost needed.TheNEXTgrantis crucialfortransforming ourclinicintoaneco-friendly, sustainablespacethatreduces ourenvironmentalimpact whiledeliveringbettercare. Byintegratingsustainable, eco-friendlypractices,wealign withindigenousvaluesofland stewardship,ensuringa healthierfuture.”
Engaging Communities Across the U.S.
ClimateUnitediscommittedtomeetingcommunitieswheretheyare,deepeningrelationships acrosssectors,andtranslatingthepromiseofGGRFresourcesintotangible,on-the-ground opportunities.Bycouplinglisteningwithtargetedoutreach,thecoalitionhasstrengthenedits networkofmission-alignedpartners,increasedawarenessaboutfinancingandtechnicalassistance opportunities,andgatheredcriticalinsightstoshapefutureprograms.Theseeffortsnotonlybuild readinessamongpotentialtransactionpartnersandstakeholdersbutalsopositionClimateUnited toaccelerateequitablecleanenergyinvestmentinthemonthsandyearsahead.
ClimateUnitedstaffengagedincommunitylisteningsessionsand participatedinclimate,energy,andcommunitylender conferences,engagementswhichrepresentedearlyeffortsto expandthecoalition’sreachtoprioritycommunities.
ClimateUnitedstaffconductedalisteningtourthroughIndigenous communitiesinAlaska,visitedwithsurvivorsofHurricaneHelene inNorthCarolina,presentedtoaffordablehousingpartnersin Washington,DCandhostedwebinarsforhundredsofattendees acrossthecountry.Fromcoasttocoast,ourcommunity engagementeffortshelpedusbetterunderstandhowtotailorour financialassistanceofferingstomeetlocalneeds.
47
14 1O 21 States and DC reached Listening Sessions Webinars
and Conferences
Shaping the Market
Acrossthecoalition,ClimateUnitedisbuildingasupportiveecosystemforfinancingthatleverages nationalnetworksoflocalimplementationpartnersandcoordinationwithlaborandworkforce organizationstoensurewecandeliveronourpromisestofacilitatejobcreation,affordableenergy access,andgreenhousegasemissionsreductionacrossthecountry.Inourfirstyear,ClimateUnited workedtodevelopamarketplacethatbothtransformstheecosystemandleveragesprivatecapital throughrelationshipbuildingandproductdesign.
WorkforceDevelopment
In2024,ClimateUniteddevelopedarobustLaborandEquitableWorkforceplan,basedon consultationwithdozensofworkforceexpertsandstakeholdersacrossourcoalition.Wecouldnot havecreatedthisplanwithoutvaluablefeedbackfrommultipleworkforceroundtables,Climate United’sAdvisoryCouncilandindustryleaderssuchasAFL-CIO,HIT,BlueGreenAlliance,Climate JobsNationalResourceCenter,BlocPower,EmeraldCities,FirstSolar,GreenWorkersAlliance,GRID Alternatives,HomeBuildersInstitute,IBEWlocal295,IRECNationalCleanEnergyWorkforceAlliance, IUPAT,MilwaukeeAreaTechnicalCollegeWorkforceRoundtable,MREA,NABTU,Opportunityat Work,MIT,CVENorthAmerica,SkillSmart,SouthDakotaNativeHomeownershipCoalition, UniversityofArkansasWorkforceRoundtable,andtheUS DepartmentofEnergySolarEnergy TechnologiesOffice.
Our workforce development plan outlines several core goals including:
Growing a diverse, skilled, and qualified workforce that can enable an equitable transition to clean energy
Ensuring clean energy jobs are high-quality, well-paying, and sustained by the market
Scaling up pathways for entrepreneurs, small contractors, and individuals to receive the training and support they need to contribute to – and benefit from – the growing clean energy industry
Our Portfolio
Overview of total financial assistance in reporting period
Closed or Committed
Geographic Breakdown
Closed Financial Assistance: Arkansas, Idaho, New York, Oregon
Committed Financial Assistance: Arkansas, California, Connecticut, District of Columbia, Idaho, Louisiana, Maine, Maryland, Massachusetts, Mississippi, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, West Virginia
The Road Ahead
Eventhoughfundsarecurrentlyfrozen,demandforaffordable,accessiblefinancingforcleanenergy projectsremainsstrong,drivenbytheincreasingcostofenergyandfrustrationwithoutdatedenergy technologiesofthepast.Fromsolarandbatterystoragetoelectricvehiclestogreenbuildings, communitiesareeagertodeploysolutionsthatlowercostsandreducepollution.Withoutaccessto thecapitalthatwasobligatedanddisbursedthroughtheGreenhouseGasReductionFund,countless localprojectshanginthebalance.TheClimateUnitedcoalitionispressingforwardtodeliveronour promisetoinvestincommunitiesacrossthecountry.
ClimateUnitedFundhascommittedtosupportthreeprojectsthatwillprovideaffordablerenewable energyforruralandurbancommunitieswhilestimulatingdemandforAmericanmanufacturingand createthousandsofjobs.ClimateUnitedFundisalsoworkingtosupportelectricvehiclecharging solutionsformediumtoheavydutytruckslocatedatshippingports.
CPCClimateCapitalremainscommittedtoadvancingaffordablehousingthroughmultifamilylending thatemphasizesenergyefficiency,affordability,andresiliencewhilecreatinglong-termcommunity benefits.CPCClimateCapitalcontinuestodrivemarketdevelopmentandpursuenewcapitalsources tosupportdevelopersandownersthatneedfinancingforenergyretrofitsandhigh-performance constructionprojects.
Self-HelpClimateCapitalcontinuestopursueopportunitiestomakeenergy-efficienthomes, residentialsolar,andelectricvehiclesaccessibletohardworkingAmericans.Self-Helpisbuildinga projectpipelineandlendingpartnershipstodeliverthebenefitsofcleantechnologiestocommunities thatneedthemmost.
Despitetheheadwinds,theClimateUnitedcoalitionremainslaser-focusedontheworkEPAgrantedus fundingtodo:providingaffordable,accessiblefinancingforcleanenergytocommunitiesacrossthe country.Inthemonthsandyearsahead,wewillcontinuetoboldlypursuethatmission.