Evergrow

Evergrow

Financial Services

San Francisco, CA 1,912 followers

Save money on taxes. Fight climate change. It’s that simple.

About us

At Evergrow, we use technology to create products that unlock funding for decarbonization. We partner with project developers, corporations, and financial institutions to help build and sustain a carbon neutral world. Our team has experience across corporate finance, clean energy, and technology. We are backed by top-tier venture capital firms and leaders from the technology, climate, and finance communities.

Website
https://evergrow.com
Industry
Financial Services
Company size
11-50 employees
Headquarters
San Francisco, CA
Type
Privately Held
Founded
2021

Locations

Employees at Evergrow

Updates

  • Bigger isn’t always *better.* Here’s an unexpected humble-brag for you: At Evergrow, we have no minimum transaction size for tax credit transfers. Over the past 12 months, our smallest deal was just over $62,000. Why does this matter? Because historically, small projects have been left behind by tax investors. At Evergrow, we believe even the smallest projects are key to the renewable energy transition. Here’s why: ☀️ Distributed energy systems reduce dependence on centralized grids, making our energy infrastructure more resilient and efficient. 🌍 Every project counts. Commercial rooftop systems bring inexpensive clean energy directly to the places that need it most: schools, local businesses, community centers, and more. In aggregate, commercial rooftop solar could meet a significant portion of demand. 💡 Unlocking capital for small projects helps everyone access the savings that come with renewable energy—even small business owners. By simplifying tax credit transfers and reducing financing barriers, we’re helping to make small projects a big part of the clean energy future. Can you share any community-scale renewable projects that have inspired you recently? #CommunitySolar

  • “Against the backdrop of a high-interest-rate environment, rising energy costs, and the reset of property values (to name but a few challenges), sustainable innovation in commercial real estate (CRE) is more necessary than ever for firms to remain competitive,” writes Sean Swentek. He’s right: Commercial real estate owners see the writing on the wall: electricity rates are climbing, and they have the opportunity not only to offset their own energy costs, but in many cases, to turn vacant building rooftops into additional revenue. More on how and why commercial real estate owners are adopting clean energy, from Omnidian's Sean Swentek: https://lnkd.in/gDyEC64H #cleanenergy #solar #commercialrealestate

    For commercial real estate firms, embracing innovation is no longer an option

    For commercial real estate firms, embracing innovation is no longer an option

    Sean Swentek on LinkedIn

  • ☀️ Solar developers and commercial real estate owners! 🏢 💡 If you missed our webinar on how to generate additional cash from clean-energy building upgrades, never fear! You can watch the full recording here: 🔗 https://shorturl.at/HMH6m It’s not too late to monetize tax credits from clean energy projects that went into service in 2024: Buyers are still in the market looking to offset their federal taxes while simultaneously investing in clean energy development in communities across the United States. ⚡ ⚡ It’s a win–win proposition, which is why clean energy tax credits have proven so successful at propelling investment in domestic clean energy production. Don’t leave money on the table! If you put a clean energy asset like rooftop solar or battery storage into service last year, you can sell your tax credits to investors, even if you can’t make efficient use of them yourself. Want to learn more? Watch our free webinar at the link above, or DM to be put in touch with a member of our team. #cleanenergy #solar #taxcredits #battery #ITC #inflationreductionact

    • Photos of Evergrow CEO James Richards and Black Bear Energy's Jen Lessick
  • As heating electrification grows, winter electricity demand is rising along with it. Higher demand increases stress on the grid. This means that as heating electrifies, very cold days will start to resemble very hot days in one key respect: electricity demand may outstrip supply, leading to blackouts and equipment failures. So, how can we avoid that? One strategy is distributed generation. Distributed generation refers to electricity—typically derived from renewables—that’s produced close to the source of consumption. It’s a critical part of the solution to our 21st-century energy challenges. Here’s why: ☀️ Reduced grid congestion: Distributed solar systems—like rooftop panels and on-site battery storage—spread electricity production and storage across diverse geographies. This reduces the risk of grid congestion and the risks associated with downed power lines and damaged equipment. 🔋 Paired battery storage: Batteries capture solar surplus and redistribute it during evening hours and cloudy spells, when solar output dips. When paired with battery storage, distributed generation is even more effective at reducing grid stress. 🏘️ Empowering communities: Distributed solar ensures that communities and businesses can produce some of their own power, which reduces energy costs for everyone. The clean energy transition isn’t about finding a one-size-fits-all solution. But distributed solar generation will continue to play a key role in ensuring every community has access to reliable, renewable energy. What other strategies do you see for sustainably addressing energy gaps? Let’s discuss👇

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  • The renewable energy transition is accelerating. Here’s a quick look at the impact: 🏡 U.S. solar now produces enough electricity annually to power over 37 million homes—that’s roughly 25% of all households in the country. Take a look at the chart below to appreciate how far we’ve come—and how much potential remains for solar to power the future. At Evergrow, we believe that distributed solar is one of our best available strategies for decarbonizing the entire U.S. electric grid. By enabling community-scale commercial and industrial solar projects, we can bring clean, resilient energy to more neighborhoods, businesses, and schools—ensuring the benefits of renewable energy reach every corner of the country. What’s your take? How can we push that ~25% even higher? #SolarEnergy #CleanEnergy #DistributedSolar #EnergyTransition

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  • Forbes highlights the 30% investment tax credit (ITC) for clean energy investment (such as rooftop solar or battery storage) as one of "Three Ways Small Businesses Can Take Advantage Of The Inflation Reduction Act." 💸 🔌 Small businesses and commercial property owners all over the country are upgrading to solar and installing battery storage. It not only helps them lower their electricity bills—it also strengthens the U.S. electricity grid. In addition, the Inflation Reduction Act lets small business sell their clean energy tax credits to investors, to help defray the up-front costs of installation. This simple innovation in tax policy has supercharged commercial solar development. ⚡⚡ 🔗 Visit our website to learn more about clean energy tax credits for businesses and commercial real estate owners: https://shorturl.at/EL9sJ https://lnkd.in/gbV8rdRw

    Three Ways Small Businesses Can Take Advantage Of The Inflation Reduction Act

    Three Ways Small Businesses Can Take Advantage Of The Inflation Reduction Act

    social-www.forbes.com

  • Mayors from cities and towns across the United States sent a joint letter to the leaders of the Senate Finance and House Ways & Means Committees, urging them to retain clean energy tax credits embedded in the Inflation Reduction Act that are available to state local governments. It’s the latest sign of a grassroots response to threats of rolling back clean energy incentives in the IRA. Last month, Conservative Climate Caucus leader Marianette Miller-Meeks (R-IA) likewise called for retaining tax credits that have driven job creation in her district, including the Investment Tax Credit (48E) and Production Tax Credit (48Y). Find a link to her testimony in the comments. #cleanenergy #jobs #greeneconomy #inflationreductionact #IRA https://lnkd.in/g4-kNMqm

    Mayors Across US Urge Congress Not to Repeal Clean Energy Tax Credits - Inside Climate News

    Mayors Across US Urge Congress Not to Repeal Clean Energy Tax Credits - Inside Climate News

    https://insideclimatenews.org

  • If you ask someone to visualize a church, they’re likely to imagine a long, rectangular building topped with a pointy steeple. ⛪ Going forward, that visual is starting to evolve: Beneath their steeples, many churches across the U.S. are installing solar panels. ☀️☀️☀️ Here’s why: Before the Inflation Reduction Act, nonprofits couldn’t take advantage of clean energy tax credits generated by building upgrades like solar panel installation. This left churches to finance solar projects on their own. With tight budgets and competing priorities, many churches put off solar installation despite the potential savings on electricity costs.  But in 2022, the IRA changed the law to let nonprofits take advantage of the same clean energy tax credits that for-profit entities can claim. Churches that own their own solar power systems can now use IRS Direct Pay to receive the full value of their credits. 💸 💸💸 At Evergrow, we’ve seen a number of churches take an alternative approach: By leasing the rooftop of the church to a local commercial solar developer, churches can turn their rooftops into clean power production sites that provide a revenue stream for other priorities. In this case, the developer claims the tax credits, then sells them to a third party through a process known as tax-credit transfer (basically a sale of tax credits to an investor). This brings down the cost of installation, making small-scale solar projects for church rooftops not only affordable, but economically prudent. Is your congregation looking skyward for power? 👇 Jump down to the comments for a link to a case study on one of several churches that Evergrow helped transition to solar through tax-credit financing for the project developer. https://lnkd.in/gyDnKhnE #commercialsolar #inflationreductionact #solar #cleanenergy

    Churches Look Skyward for Energy Savings

    Churches Look Skyward for Energy Savings

    wsj.com

  • In California, #solar has surged over the past years to run neck and neck with #gas in the battle to claim top energy source for electricity generation in the state. 📊 As of August 2024, solar was responsible for powering 8,536.13 gigawatt hours of electricity. In the same month, gas powered 9,380.68 gigawatt hours. ✅ Back in April, solar powered 7,195.68 gigawatt hours of electricity while gas powered only 4,163.70 gigawatt hours. The race is on. Looking at this graph from Ember, we’re quite confident about what will win in the end. The future is solar, and it’s looking bright.

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