PGCC Closes First Loan Participations to Safe Harbor Solar in Pennsylvania
In May, PGCC closed its first loans, helping preserve access to federal clean energy incentives for solar projects across Pennsylvania. Two loans totaling $749,000 supported local solar partners Capital Good Fund and Exact Solar to purchase solar equipment in December 2025, giving them up to four years to complete construction and maintain eligibility for the solar investment tax credit. By securing this equipment, these developers’ projects will maintain access to incentive structures that help make solar financially viable for schools, nonprofits, municipalities, businesses, and community organizations.
The loans were structured as participations with Reinvestment Fund, which served as the lead lender for a larger credit facility supporting the development of solar projects across Pennsylvania and Georgia. PGCC participation helped lower the blended cost of capital available to developers. Through this work, PGCC has fostered a strong partnership with Reinvestment Fund and we look forward to continued community and market impacts.
PGCC’s participations are expected to support approximately 22 megawatts of future solar development throughout Pennsylvania. Further, the transaction is expected to unlock more than $75 million of investment and avoid more than 22,000 metric tons of carbon dioxide emissions annually once the projects are operational.
This transaction marks the first deployment of PGCC’s lending capital, which is anchored by a $10 million loan from the Coalition for Green Capital through the U.S. Environmental Protection Agency’s National Clean Investment Fund and support from the Green Family Foundation. PGCC now offers financing solutions that support every stage of project development, including predevelopment, bridge, construction, and permanent financing for distributed energy generation, building decarbonization, and electric vehicle charging infrastructure.
As PGCC expands its lending activities, the organization will continue working with partners across the clean energy ecosystem to provide financing solutions that reduce energy costs and strengthen local communities. Learn more at the link below.
