Saving Families Money Today, For a Brighter Future Tomorrow
Nevada BRIGHT is a new program for homeowners looking to save money on energy bills. The Nevada Clean Energy Fund partnered with nonprofit Capital Good Fund on this initiative. Nevada Bright removes the burden of system ownership while also making the Solar Tax Credit accessible to all.
How it works.
- BRIGHT owns, monitors, and maintains your system for 6 years, then it becomes yours.
- You receive 15 to 25 percent off the cost of your solar system and keep all the solar energy savings.
- You use a loan to prepay the solar lease.
- You get the savings of ownership with the peace of mind of a lease.
Disclaimer: Actual savings and loan terms will vary by homeowner and will depend on factors such as system size, location, and materials. Please speak with your qualified solar installer for more information.
Why act now?
The current federal tax credit for homeowners (Section 25D) is set to expire at the end of 2025. After 2025, however, households can still take advantage of the commercial solar tax credit (Section 48E) by leasing the system from a commercial entity that installs, owns, and maintains the system, resulting in a 15% to 25% system cost discount to the homeowner. Submit a Nevada BRIGHT Interest Form to stay up-to-date on program developments and receive an email with the official launch date.
ABOUT CAPITAL GOOD FUND
Nonprofit and certified CDFI Capital Good Fund is a Rhode Island-based social change organization that uses financial services to tackle poverty and environmental injustice in America. Capital Good Fund offers financing, low interest loans, and one-on-one financial coaching for low-to-moderate-income communities across the country.
Since its founding in 2009, they have financed over 17,000 loans totaling ~$62 million and graduated over 2,000 people from their Coaching program.