Get to know our portfolio partners: Sunwealth

This piece is part of our series, “Get to know our portfolio partners”, where we asked organizations from across the Community Investment Note® portfolio to share favorite moments from their recent work and what they're looking forward to in the future.

Stay tuned for more highlights from our portfolio partners’ work on the ground!

Sunwealth is a clean energy investment firm working to create a more resilient, secure, and equitable energy future by financing and managing a diverse array of community-based solar projects in communities across the United States. Partnering with skilled local installers, community organizations, local businesses, and investors, they work to finance and develop solar projects ranging in size from 5 kW to 2 MW across numerous building types, including houses of worship, schools, nonprofits, small businesses, commercial office buildings, and municipal buildings.

We asked Sunwealth a few questions about their work and upcoming projects. Read on for their responses and visit the profiles for our two investments with Sunwealth, Sunwealth Holdco 5​ and Sunwealth Holdco 28.

Can you share a recent highlight or favorite moment from your organization’s work?

Over the course of this past summer’s multiple heat waves, our solar plus storage project at 140 Kendrick in Needham, MA, demonstrated how solar plus storage provides reliable and affordable power when extreme heat events strain the grid. Through the installation of a 1,238 kW solar canopy system with 680 kWh of battery storage, 140 Kendrick stores energy throughout the day and discharges it during periods of evening peak demand. This past summer, we saw our battery help stabilize the grid and lower energy costs during periods of extreme heat that drove up electricity usage. This solar plus storage project helped to enable BXP’s first net-zero, carbon-neutral office repositioning - the first in the state of Massachusetts - which was recognized with Nareit’s 2025 Sustainability Impact Award. It is expected to offset over 20,500 metric tons of carbon and provide nearly 48 job years.

In addition, 140 Kendrick’s 1,238 kW solar project is a low-income community solar project and serves 54 low-to moderate-income residential subscribers, providing them with discounted clean energy credits. The project is expected to deliver over $1.1 million in total lifetime energy savings, benefiting both the building’s offtaker and low-income community solar subscribers. By supporting grid resilience and expanding equitable access to clean power, 140 Kendrick shows what’s possible when solar plus storage is deployed with climate, affordability, reliability, and community in mind.

The 140 Kendrick solar plus storage project

What is something special or unique about the work that your organization does?

At our core, Sunwealth is a clean energy investment firm working to change who benefits from clean energy by changing how we invest in it. We finance and build impactful, community-based solar and solar plus storage projects that deliver measurable long-term energy savings, jobs and environmental benefits to low-income households and nonprofits.

As our country faces a looming electricity reliability and affordability crisis, we are increasing our focus on solar plus storage, supporting projects that build resilience in underserved communities while reducing energy costs and GHG emissions. One example is our project with Cooperative Educational Services (CES), a nonprofit in Bridgeport, CT, that provides educational programming to students and school districts across Fairfield County.

The CES project includes a 196 kW rooftop solar project and integrated battery storage, projected to deliver more than $250,000 in lifetime energy savings. The installation helps CES lower operational costs while providing reliable power during peak demand and periods of grid stress. By intentionally channeling the flow of capital to projects like these, we are advancing a more inclusive and sustainable energy future that focuses on community resilience.

What is something exciting coming up for your organization, industry, or region?

Sunwealth is excited about the launch of SMART 3.0, Massachusetts’ updated solar incentive program that expands support for low-income community solar, rooftop installations, and other solar projects in the built environment. SMART 3.0 is designed to align solar deployment with the state’s ambitious climate targets while ensuring more equitable access to clean energy.

As a clean energy investment firm focused on equity and community impact, this program closely aligns with Sunwealth’s mission and project pipeline. State-level solar policy leadership creates new momentum for the kinds of small-scale, high-impact solar projects that serve low-income households and nonprofits across the state.

We’ve long advocated for greater access to affordable solar, particularly for low-income customers, so we are excited to see SMART 3.0 enable asset owners to allocate solar credits at no cost to eligible low-income households. Massachusetts solar policy work is one example of the indomitable nature of solar and what many states are doing to ensure that they benefit from the affordable, reliable, and abundant energy that solar and storage provide.

To learn more about Sunwealth and read more stories about their impact, visit their portfolio partner profiles for Sunwealth Holdco 5​ and Sunwealth Holdco 28.

The responses presented in this article are for general informational purposes only and have not been independently verified for accuracy or completeness. The testimonials presented reflect the personal experiences and opinions of portfolio partners and their investees, and do not guarantee the same results for others.