BlueHub Energy
BlueHub Energy sustainability initiatives develop financing tools and renewable energy projects promoting energy conservation, energy efficiency, renewable energy and resiliency, primarily for the affordable housing and nonprofit sectors.
BlueHub Energy often works with partner organizations, including BlueHub Loan Fund- to bring the environmental and financial benefits of sustainability, including clean solar energy enabling affordable housing residents to save money on their monthly electric bills and fight climate change.
We have developed solar projects benefiting dozens of communities in Massachusetts, including:
- Roof top solar panels stabilizing and lowering the electricity costs for 28 affordable-housing developments, nonprofit and municipal facilities
- Two shared solar projects for 29 affordable housing and nonprofit facilities that are unable to install rooftop solar panels. These facilities will see 90% of their electricity costs cut by a minimum of 17% and fixed over the life of the panels.
- A pilot program to address energy affordability by providing direct solar credits to residents at two affordable housing developments. In addition to, cutting the residents’ electric bills, on average, by 50%, the program protects the residents from price spikes in their monthly bills for at least the next 10 years.
In keeping with longstanding BlueHub Capital’s belief that good policy must be grounded in sound practice, BlueHub Energy is actively working with government, business and private partners to develop solar and energy policies and regulations that ensure that low-income communities aren’t left behind in efforts to reverse climate change and to adopt new clean technologies.
Helping the Greater Boston Food Bank Save $20,000 Each Year With Solar Energy
"Every dollar we save means we can feed more people. It’s that simple,” says Catherine D’Amato, president and CEO of The Greater Boston Food Bank.
With over 27,160 panels installed in Massachusetts, our systems:
- Generate 8.36 million kilowatt hours of solar electricity annually — Enough electricity to power 1,000 homes for a year
- Provide over $12 million in savings to customers over the life of the panels — Nineteen affordable housing communities currently benefit from solar energy credits
- Reduce carbon dioxide emissions by 3,652 tons every year — The equivalent of removing 1260 cars from the road
For more information about financing solar panels on your project, contact energy@bluehubcapital.org.