Chequamegon Bay Renewable Energy Resources
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  • Home
  • Initiatives
    • Northern Lights Solar Project
    • Solar Shares Wisconsin
    • Bayfield County Microgrid Project
    • Electrifying Everything >
      • Air-sourced Heat Pumps & Energy Audits
      • Electrifying Everything Resource Page
    • Bad River Tribe
    • Bayfield Electric Cooperative
    • Cheq Bay Renewables Community Solar Project
    • Energy Tracking
    • ELECTRIC VEHICLES >
      • Ashland County Charges Ahead
      • Bayfield County Electric Vehicle Charging
    • Past Projects >
      • The BRICK and New Day go solar
      • Solar Energy Tour
      • Drummond School District
      • Commercial Solar Projects
      • Solar Group Buy
      • Community Solar
  • Resources
    • FAQs
    • Policy & Incentives
    • Local Installers and PV Service
    • Templates
    • Presentations
    • Steps to Solar >
      • Analyze Usage & Efficiencies
      • System Sizing & Cost
      • Evaluate Options
    • Financing
    • What We're Reading (and Watching)
  • Contact
  • Donate

Financing Information

Financing renewable energy systems can sometimes be challenging because local lending institutions are frequently not familiar with the economics of renewable energy systems and do not consider it time-tested.  There are other options.

National companies are filling the lending gap.  Clean Energy Credit Union is one such company and you can check out their current programs and rates here.  Besides reasonable interest rates, they use the renewable energy system as collateral, not the equity in your home, and they do not require any money down.  

For larger commercial projects, the Property Assessed Clean Energy (PACE) program is offered in Bayfield and Ashland Counties.  You can read more about that program here.

Cheq Bay Renewables has also sponsored a private, local financing option.  The program is simply where a local lender is connected with a local renewable energy project and the two entities work out the specifics.  A promissory note template can be used as a guide and is provided by CBR.  If you have a renewable energy project that needs financing or are a local resident that might be interested in financially supporting a local project, please fill out our contact form here and tell us about your project or support.
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