Renewables Properties Completes Community Solar Projects
Renewable Properties, a developer, owner, and investor in small-scale utility and community solar projects, has completed tax equity funding for 11.6 MW of solar projects with KeyState Renewable’s SOLCAP solar tax equity fund for community and regional bank investors.
September 09, 2022. By News Bureau

The Fund 6 Portfolio consists of three solar projects. Two New York community solar projects (the 5 MW Rock Island Road solar project in Gouverneur, NY and the 5.7 MW Bullis Road solar project in Marilla, NY) were completed in the summer of 2022.
The third project, a nearly 1 MW qualifying facility project in Bourne, Massachusetts, was completed in December 2021. In their first year of operation, the three projects are expected to produce a total of 16,645,000 kWh of solar energy, enough to power approximately 1,929 homes and reduce greenhouse emissions by 10,263 tons.
Projects like these are made possible by tax equity funding, which is a critical clean energy partner-investor relationship that has enabled the energy transition in the U.S. Many of the incentives in the recently passed Inflation Reduction Act (IRA) utilize tax equity to enable renewable energy development.
“Community banks are very logical tax equity investors for small-scale utility and community solar projects. Our SOLCAP tax equity fund platform allows community banks to efficiently deploy tax equity investments across a diversified portfolio of projects,” said Josh Miller, CEO of KeyState Renewables, the managing member of SOLCAP.
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