Green Banking
in Action
Green Banks are investing in solutions that lower energy bills, reduce pollution, and strengthen local economies. Read the GB 50’s first Impact Report here.
Key Takeaways
Impact report
Green Banks, by the numbers
All-time
$5.16B
deployed by Green Banks directly
All-time
$24.56B
private capital leveraged
All-time
$29.72B
total capital mobilized
All-time
180,179
projects supported
All-time
45%
in low-income and disadvantaged communities
Today
$6.8B
current project pipeline awaiting capital
Today
56
member Green Banks across the U.S. & Puerto Rico
2024 – 2025
And through just the last two years:
Keep scrolling →
2024 – 2025
$1.37B
deployed in 2024 and 2025
2024 – 2025
$10.99B
private capital leveraged
2024 – 2025
8.0:1
private capital leveraged for every $1 of Green Bank capital
2024 – 2025
40,000+
projects in two years
About the Impact Report
The U.S. Green Bank 50's inaugural Impact Report is based on an analysis of a robust survey with responses from 48 Green Banks across the country, supplemented by more than 200 case studies, independent market research, and dozens of conversations with Green Bank executive leadership teams.
Projects that lower energy costs, create jobs, and reduce pollution
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Energy Savings for Affordable Housing
Montgomery County Green Bank and Inclusive Prosperity Capital partnered to finance a rooftop solar project at Seneca Village, a 684-unit affordable housing complex in Gaithersburg, Maryland. The project is projected to generate more than $300,000 in annual savings, reduce energy use by 2.58 million kWh, and avoid 2,000 metric tons of carbon emissions annually.
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New All-Electric Affordable Housing in New York
A predevelopment loan supports a 340-unit, 100% affordable housing development, with NYCEEC as the lead lender. The all-electric building is designed to Passive House standards with on-site solar, and its ground floor will house a performing-arts center run by the Afro Latin Jazz Alliance.
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Renovating Affordable Housing in New Orleans
Finance New Orleans supported the renovation of Tivoli Place, an affordable senior housing community in downtown New Orleans. The 163-unit development includes accessible housing, central HVAC, rooftop and structured solar arrays, Energy Star appliances, LED lighting, and water-saving fixtures for more comfortable, resilient, and environmentally friendly homes for seniors.
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Geothermal for Housing and Commerce in Minnesota
The Heights Geothermal District is Minnesota's first networked geothermal system, built in St. Paul. It will heat and cool roughly 1,000 housing units and 1 million square feet of light industrial space using aquifer thermal energy paired with solar and storage.
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All Electric Affordable Housing to Lower Costs
The Loveland Housing Authority project, backed by the Collective Clean Energy Fund, is building 319 all-electric affordable housing units on 50 acres in Loveland, Colorado, for households earning 30-60% of the area median income. CCEF’s bridge loan helps the project go all-electric with solar plus heat pumps to save LHA about $300,000 upfront. Partners include Habitat for Humanity and Crossroads Church, which offers affordable daycare on-site.
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Solar to Power a Dairy Farm in Colorado
Collective Clean Energy Fund financed a solar array at Morning Fresh Dairy Farm in Bellevue, Colorado — a family-owned dairy. The system is expected to save roughly $36,450 a year.
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Rehabilitating Homes in Kentucky
Community Ventures has rehabilitated roughly 120 homes with efficient building and appliance practices that save first-time homeowners money, and after the 2021 Western Kentucky tornado, it committed to long-term housing recovery across the affected counties.
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Solar on Schools to Save a Town $100K+ Per Year
Connecticut Green Bank's Solar MAP program installed solar photovoltaic systems at seven municipal buildings in Manchester, including six schools. The town now saves more than $100,000 a year in energy costs, a 33% average discount compared to standard grid power rates.
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Community Solar to Save $7.5 Million on Electric Bills
DC Green Bank, alongside Amalgamated Bank and Aligned Climate Capital, financed a community solar project across seven warehouse rooftops on V Street NE. It will serve over 1,000 households citywide, saving them $7.5 million on electric bills over 20 years while avoiding 110,000 metric tons of emissions.
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The First Community Solar in Louisiana
Inclusive Prosperity Capital and Pelican Community Capital are financing Louisiana's first community solar project, sponsored by Together New Orleans on land owned by the Sisters of the Holy Family. This project will cut energy costs for 650 low- and moderate-income residents.
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Powering Supportive Housing in Nevada
Nevada Clean Energy Fund, The Empowerment Center. A loan financed solar for an affordable housing development that provides supportive housing for women recovering from substance abuse.
Green Banking in the News
The GB 50 Impact Report and the work of green banks are reaching a wider audience. Explore recent coverage from leading media outlets.
Green Banks Try to Pivot After Trump’s Funding Freeze
Explore Bloomberg's reporting on how Green Banks are responding to the freeze on federal climate funding and navigating a changing clean energy finance landscape.
Read the article →Green Banks Navigate Changes to Federal Funding
Read Canary Media's coverage of how Green Banks are navigating changes to federal funding while continuing to support clean energy and community projects.
Read the article →Trump Tried to Defund Them, But Green Banks Keep Financing Clean Energy Projects
Discover how Green Banks continue financing clean energy and community projects despite federal funding cuts, leveraging private capital and new partnerships to keep projects moving.
Read the article →