ESA

About the offering

The Baltimore Low-Income Community Solar project is a 1.2 MW rooftop community solar initiative located in West Baltimore, Maryland, developed by ESA, a founder-owned solar and storage developer with over 8 GW transacted nationwide. The project is designed to lower electricity costs for local households and support small businesses in the historically working-class West Baltimore community. At least 51% of all energy generated will be directed to low- and moderate-income (LMI) customers in the Baltimore area at a 25% discount over a 20-year term through Maryland's community solar program. Solar modules have already been secured to 'Safe Harbor' the project, locking in a 40% federal tax credit. The project was awarded a $326,020 grant through a competitive Maryland Energy Administration process and will be built by a local Maryland workforce, with construction expected to begin in 2027. ESA develops community-scale rooftop solar on large commercial rooftops across Maryland, partnering with local small businesses and faith-based organizations. The offering is hosted by Climatize Earth Securities, LLC via Regulation Crowdfunding, with a fundraising goal of $225,000 (max $255,000), a 9.5% annual interest rate, and a 2-year term. As of the snapshot, approximately $141,000 has been funded by 83 investors, representing roughly 62% of the goal.

FAQ