Founded in 2014, Sunwealth is an experienced developer of community-based solar projects across the United States and is a returning partner to Reinvestment Fund. Their purposeful investments in clean energy generate powerful social, environmental, and financial returns.
Similar to Reinvestment Fund, Sunwealth is a partner to people and organizations that have limited access to financial resources. Sunwealth finances and manages solar projects that benefit people and the planet in diverse communities. Through clean power, carbon reduction, cost savings, and job creation, this investment firm is transforming the clean energy landscape by reaching underserved markets with significant potential.
In their partnership with Reinvestment Fund, Sunwealth will determine projects of critical importance and bring their own expertise in solar project management. Their business model involves developing, owning, and operating solar systems, and selling electricity under long-term Power Purchase Agreements (PPAs).
Committed to sustainable investments, Sunwealth measures the carbon offset, energy savings, and job creation associated with each project to ensure a positive environmental and social impact. They utilize the Environmental Protection Agency’s (EPA) Greenhouse Gas Equivalencies calculator to measure carbon offset. Through PPAs, they deliver energy savings to purchasers and track solar job creation in a rapidly growing industry.
Sunwealth currently manages over $200 million in its pipeline, with another $60 million in construction. Having developed and operated more than 600 projects, the firm totals over $164 million invested—ranging in various project size from small roof installations for community buildings such as churches and volunteer fire departments to one of the largest privately owned solar installations in Massachusetts. The 4,400 kW installation was the largest solar installation in the state at that time.
With a solar presence in 17 states and Washington, D.C., this partnership with Sunwealth enables Reinvestment Fund to invest directly in community-based solar projects that benefit people and the planet and reflects our commitment to reduce energy waste and promote the use of renewable energy, such as wind and solar, to reduce the adverse health and environmental effects that result from conventional, carbon-intensive energy sources disproportionally affecting communities of color.