After reaching its goal to raise capital for 5 solar projects, Virginia’s first solar crowdfunding campaign will close on January 31st.
We’re proud to announce that Virginia’s first solar crowdfunding campaign was a success! Through Solar Bond investments from our supporters, Secure Futures has succeeded in raising sufficient capital for two of our tax-exempt Virginia solar projects. Shenandoah University and the Insurance Institute for Highway Safety were financed and placed into service in December 2019.
We have also raised sufficient capital for the remaining three projects in the crowdfunding portfolio: Temple Rodef Shalom, Eastern Mennonite School, and Caritas.
We thank our non-profit collaborators, including Richmond Region Energy Alliance, LEAP in Charlottesville, Interfaith Power & Light (DC.MD.NoVA), and the Faith Alliance for Climate Solutions for helping to get the word out about our Fund.
Now that we’ve raised sufficient funds for our 5 crowdfunding projects, we’re ready close our first Solar Bonds campaign on January 31st, 2020. But don’t fret, there is still time to participate if you haven’t yet had the chance to do so! Here is the timeline:
Friday, January 17th: Last day to express interest in Solar Bonds on LocalStake
Friday, January 24th: Last day to complete and sign your investment documents
Monday, January 27th: Last day to mail checks or approve ACH transfers
Friday, January 31st: Virginia’s first solar crowdfunding campaign officially closes
We sincerely thank those who have already invested in the Solar Bond crowdfund, the first such crowdfund in Virginia.
We are working with Senator Edwards and Delegate Kilgore to seek extension of the Virginia Crowdfunding legislation, through SB 542 and HB 1339, respectively. If you would like to see more solar crowdfunding opportunities in Virginia, please communicate your support for extending that legislation which would otherwise sunset effective July 1, 2020.