Sunwealth leverages mission-driven capital to accelerate the clean energy transition

Sunwealth is a clean energy investment firm dedicated to community-based solar projects across the United States. These projects harness the potential of rooftops, unused lots, and other local spaces to create meaningful climate and community impact. Collectively, these opportunities represent a $1 trillion market and could generate up to a quarter of the nation’s power.

Sunwealth works as a public benefit corporation and B Corp, partnering with local installers, community organizations, businesses, and investors to ensure the benefits of clean energy reach everyone.

Their approach includes financing and managing solar installations ranging from small community projects to larger commercial systems, serving houses of worship, schools, nonprofits, small businesses, and municipal buildings.

Through its Solar Impact Debt Fund and Solar Justice Fund, Sunwealth pools high-performing community-based solar projects into investment portfolios that provide clean energy, financial savings, and strong returns for investors. The Solar Justice Fund, launched in 2023, specifically targets underserved solar developers—such as those led by BIPOC and women—and supports low- and moderate-income (LMI) communities to advance a just energy transition[3].

By the end of 2023, Sunwealth had invested over $194 million in more than 646 community-based solar projects, developing over 50 megawatts of clean power. These projects have generated over $113 million in lifetime energy savings for power purchasers (about $0.60 for every dollar invested), $155 million in revenue for local solar developers and installers, nearly 1,721 lifetime job years, and more than 1.2 million metric tons of carbon emissions reduced.

Impact Story: Rebuilding Broken Places CDC

Sunwealth’s partnership with Rebuilding Broken Places Community Development Corporation in Wayne County, North Carolina, illustrates the real-world impact of these investments. This nonprofit, founded by Rev. Dr. William Barber II, supports economic, educational, and social needs in both urban and rural communities. Sunwealth, working with local partner Eagle Solar and Light, installed two solar projects—one at the chapel and another at the community kitchen. The community kitchen serves as a social enterprise, offering cooking classes, health and nutrition training, and workforce development.

Together, these installations generate 114 kW of clean power, reduce lifetime carbon emissions by about 3,000 tons, and provide $51,000 in energy savings over their lifetime. This investment not only supports the organization’s mission but also strengthens local resilience and creates lasting benefits for the community.

The Praxis commitment

Praxis Investment Management^TM supports organizations through investments in Calvert Impact, an impact-investing institution that helps people around the world through community development financing. It’s part of the Praxis commitment to place approximately 1% of each of its funds to benefit neighborhoods and individuals through community development investments.