We are thrilled to announce the release of Inclusive Prosperity Capital, Inc.’s 2023 Annual Impact Report!
This past year marked the largest investment year in our history. Despite rising interest rates and inflation, IPC deployed nearly $15 million in capital, resulting in over $33 million in total project investments. Our projects included small commercial solar installations for public schools and a fire department, the largest solar installation on multifamily affordable housing in Montgomery County, Maryland, and multiple debt facilities with mission-aligned developers. Our impact reached 13 states and territories, with a growing pipeline in over 20 more.
We are particularly proud of the launch of the Smart-E Loan Program in the Southwest, beginning in Arizona and New Mexico with the support of Inclusiv and the Wells Fargo Foundation. Additionally, our development of a standardized lending platform for the Catalyst Loan for multifamily and nonprofit-owned buildings, generously supported by the Wells Fargo Foundation, underscores our dedication to justice and equity in clean energy.
Our involvement in the Greenhouse Gas Reduction Fund (GGRF) competitions under the Inflation Reduction Act further highlights our commitment to leveraging public investment and mobilizing private capital to combat climate change and reduce energy burdens. IPC’s application, the Community Power Coalition “Powering America Together” Program, was among the largest selectees to receive a notice of award from the EPA under Solar For All.
None of these achievements would have been possible without the extraordinary IPC team, our engaged Board of Directors, and our invaluable partners, funders, and investors. Your support and collaboration have been instrumental in our success, and we are deeply grateful.
As we look to the future, we remain steadfast in our commitment to addressing market gaps and ensuring that historically excluded communities benefit from the clean energy transition. Together, we will continue to make meaningful strides toward our mission.
We invite you to read our Annual Impact Report and join us in celebrating our accomplishments and envisioning the future of inclusive prosperity.
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Learn more about the amazing team members behind IPC’s impact here.
Interested in learning more about opportunities to join our team? Check out our Careers Page.