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Bill would create green loan fund to help nonprofits finance solar and efficiency upgrades
House Environment and Transportation Committee · April 2, 2026
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Summary
SB 23 would set up a revolving loan fund to allow nonprofits to finance renewable energy and efficiency projects—covering roughly 90% of costs after a 10% nonprofit contribution—with repayments timed to start as energy-savings accrue, the sponsor told the committee.
Senator Cheryl Kagan presented Senate Bill 23 on April 2, 2026, proposing a revolving loan fund to enable nonprofits to pursue renewable energy and efficiency upgrades. Kagan told the House Environment and Transportation Committee that tax credits commonly used to finance such…
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