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Green Banks are in the News – Here’s What That Means for Arizona



With the launch of the U.S. Green Bank 50 (GB 50) coalition, Green Banks are gaining significant momentum in the U.S. These mission-driven institutions are leading the charge to tackle climate challenges, offering low-carbon energy financing, and ensuring underserved communities have access to clean energy solutions.


Recently, several notable articles have showcased how Green Banks are transforming the clean energy lending landscape. As part of the GB 50 coalition, these banks are positioned to deploy billions of dollars in federal funds, supporting decarbonization efforts while addressing the financial needs of communities that have traditionally been left behind.


Green Banks in the Headlines

The Financial Times highlights how the number of green banks has surged from fewer than a dozen in 2019 to nearly fifty in 2024. This growth, fueled by federal funding from the Inflation Reduction Act (IRA), is expected to unlock $150 billion in clean energy projects, with a focus on low-income households and marginalized communities.


Axios Generate spotlights the launch of the GB 50 coalition, a collaborative hub designed to share best practices and resources among state and local green banks. This partnership ensures that federal funds are effectively funneled into clean energy projects, particularly in underserved regions.


Politico details how green banks are implementing several key federal programs under the IRA, including the $27 billion Greenhouse Gas Reduction Fund. This effort plays a crucial role in decarbonizing the U.S. economy while advancing environmental justice goals.


Lastly, ESG Dive emphasizes the impact of GB 50’s work in accelerating the clean energy transition.


The Impact for Arizona

For Arizona, this national spotlight on green banks holds special significance. Groundswell Capital, an inaugural member of GB 50, is at the forefront of bringing clean energy solutions to Arizona. Groundswell Capital is working to ensure that Arizonans — including those in low-income or rural communities — can access loans for energy efficiency projects and renewable energy installations.


Most recently, Groundswell Capital launched EarthWise, a program dedicated to helping homeowners across Arizona upgrade their properties with energy-efficient heat pumps, electric vehicle charging stations, solar panels, and more. By offering financing solutions that traditional banks might overlook, Groundswell ensures that clean energy is within reach for all Arizonans, especially those in underserved communities.


Join Groundswell Capital and a Resilient Arizona 

The rise of Green Banks is reshaping Arizona’s energy future, creating a more sustainable and inclusive path forward. To stay informed on how Groundswell Capital is driving this transformation, follow us on Instagram, Facebook, and LinkedIn. Together, we can work toward a cleaner, greener Arizona.



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