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Solar FINANCING for Midwesterners: greenpenny Partners on School District Net-Zero Project

A digital-only bank, greenpenny, is dedicated to serving industry and individuals in the U.S. concerned about climate change, as well as those wanting a user-friendly digital banking experience.

Our mission—To finance a sustainable tomorrow—is supported by our promise that money deposited in greenpenny will be used to finance renewable and energy-efficient projects, such as the Wabasha-Kellogg Community School District in southeastern Minnesota.

Their team chose greenpenny to finance the project, and so the story begins.

“With the leaders at Wabasha-Kellogg Community School District wanting to be good stewards of the land and its environment, so began RA Energy owner, Gary Gustafson’s journey of teaching and helping the district’s leaders to develop a sensible plan to become a net-zero energy user.”

Gustafson discovered greenpenny through a fellow developer when discussing a community solar garden.

When he reached out to us, the project seemed like a great match and financing the project moved forward. Additionally, the project developer sold tax credits to reduce the overall cost of the project by 30%; these huge savings went directly to the school district.

In the end, greenpenny was able to help finance the solar fields to help the district produce its own sustainable energy. The district also installed LED lighting and was able to reduce water consumption by 400,000 gallons annually as part of their overall goal to become a net-zero energy user. A huge success for all involved.

Greenpenny’s goal is to make it easy for people and companies to be environmentally responsible, and we do this by offering smart checking and savings accounts, renewable energy financing, free digital banking tools, and business financing specialists with a passion for clean and renewable energy. By opening a greenpenny checking or savings account, you too can help finance clean and renewable energy projects such as this one.

If you have a project you think we can help with, want an easy way to do more for the planet, or are just looking for great services, get on board!


Written by: Mike Ludeking
Business Financing Specialist,
VP, greenpenny

To read the full publication, click here.

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