ESA

About the offering

This offering is for 'Solar for Shannon Drive, MD,' a rooftop community solar project developed by ESA (East Solar Associates/Energy Solutions Associates), a founder-owned solar and storage developer based in Maryland. The project is a 646 kW rooftop solar installation sited on a local Baltimore commercial business in the East Baltimore neighborhood. Over 51% of the energy generated is dedicated to low- and moderate-income (LMI) customers in the Baltimore area through Maryland's community solar program, providing a 25% electricity discount over a 20-year term. The project has already secured domestic solar modules to 'Safe Harbor' the installation and lock in a 40% federal Investment Tax Credit (ITC). It received a competitive $151,303 grant from the Maryland Energy Administration and is planned to be built by a local Maryland workforce, with construction targeted for early 2027. ESA has transacted more than 8 GW of solar and storage projects nationwide, with experience across community solar, utility-scale, rooftop, and storage segments. In Maryland specifically, ESA focuses on community-scale rooftop solar on large commercial rooftops, partnering with small businesses and faith-based organizations. The investment is structured as a debt offering with a 9% annual interest rate, a 2-year term, a $100,000 funding goal, and a $117,000 maximum raise. As of the snapshot, $25,300 had been funded by 47 investors. The offering is hosted by Climatize Earth Securities, LLC under Regulation Crowdfunding. Key team members include Lindsay Latre (CEO), Morgan Brawner (Chief Revenue Officer), Anne Shirley Lewis (Project Manager), and Morgan Ruston (Director of Project).

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