The NorthCarolinaSAVES
Green Community Program





About the NC SAVES Green Community Program

The NC SAVESSM  Green Community Program was established in 2016 by CleanSource Capital, the Administrator, to further the energy efficiency and conservation policies of the State of North Carolina.  NC SAVESSM  (which stands for Sustainable and Verifiable Energy Savings) works with both public and private funding sources to arrange and provide subsidized financing for energy efficiency, renewable energy, distributed energy, alternative fuels, and water conservation projects. Projects can be developed by public and/or private sponsors in furtherance of their sustainability and climate adaptation goals and programs. 
NC SAVESSM  has worked in the past with Qualified Energy Conservation Bond allocations and is currently positioned to design and administer additional federal, state and local funding allocations as awarded from time to time for the funding of Qualified Projects. NC SAVES Green Community Program, Inc. is a non-profit North Carolina non-stock corporation formed as the legal entity to own and operate the Program.

The SAVES Platform

To date, CleanSource has designed and administered 5 programs under the SAVESSM  platform in 4 states. The Programs have expended $275MM in subsidized funding, supporting $632MM in total project financing for 134 projects. Notable examples include the AlabamaSAVESSM  Participating Loan Program on behalf of the Alabama Department of Economic and Community Affairs and the VirginiaSAVESSM  Green Community Program on behalf of the Virginia Department of Mines Minerals and Energy.
CleanSource has also designed and administers the Green Community Programs in South Carolina (SouthCarolinaSAVESSM ), North Carolina (NorthCarolinaSAVESSM and the NC Ag Finance Authority) and Virginia (VirginiaSAVESSM ) which have used $247MM in Qualified Energy Conservation Bond and other private activity bond allocations for funding over $363MM in 24 Qualified Projects in these three states.
With the elimination of QECB allocations in the 2017 Tax Cut and Jobs Act, CleanSource is transitioning these programs to work with “Green Bonds” in accordance with the Voluntary Green Bond Principles as published by the International Capital Markets Association and other funding allocations provided by federal, state and local authorities.

Our Experience

 

Our Partners

NC SAVESSM is administered by CleanSource Capital, and is an affiliate of Abundant Power Group

cleanSource Capital

Specialty finance firm offering program administration, financial advisory, investment management, and project development services

Abundant Power Group

Parent company serving niche markets in the clean energy economy and built environment

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