Ethos Provides Construction Loans for Renewable Energy Developers
Our exclusive interview with a financial company that provides up-front construction loans to renewable energy developers.
A current hardship for today's renewable energy developers is that although there are monetary incentives available from Federal, State, and local utilities for renewable energy development, these incentives are usually not paid out until well after construction is complete. And in today's financial environment, the banks and lending institutions that used to make construction loans are no longer lending. So this leads to a situation where many developers and customers of renewable energy projects lack the funds to pay for the project and get reimbursed later, resulting in a situation where many renewable energy construction projects never get off the ground. But now, a financial company named The Ethos Fund is working to brighten up the construction loan situation for renewable energy developers.
The Ethos Fund, a financial company that provides construction loans for green and renewable energy construction, is now providing up-front loans specifically for renewable energy developers, who then qualify for the government incentives and receive them once their projects are completed.
The financing that The Ethos Fund provides is in the form of construction loans, and they focus on projects in the commercial sector and in bundled residential units. They are currently providing construction loans in the range of $250,000 to $1,000,000. For more information about The Ethos Fund and the structure and philosophy behind their construction loans, please watch our above interview with Adam from The Ethos Fund.