Project Announcement Solar Tax Credit

NT Solar Finances Three Large Energy Portfolios with Returning Partners

Written By: NTCIC

July 15th, 2022 Washington, DC: This past month, NT Solar continued a series of successful solar tax credit investments with returning partners Silicon Ranch Corporation, Summit Ridge Energy, and Kearsarge Energy, including an expansion of a previous investment from earlier this year.

The recent closing of three large-scale investment portfolios through NT Solar’s Climate Impact and Revitalization Fund (CIRF) will generate over $57 million in solar investment tax credits (ITCs) and support the installation of six project sites with an installed capacity of nearly 70 Megawatts (MW DC) of energy across four states.

Together, these installations will generate an estimated 95 gigawatt-hours (GWh) of clean energy each year, offsetting the use of 45 million pounds of coal and enough to power nearly 10,000 homes annually.

“It’s always a pleasure doing repeat deals with familiar sponsors, which helps us deliver reliable year-end results for our investors,” said Alyssa Watt, Senior Asset Manager for NT Solar. “NT Solar strives to support impactful renewable energy initiatives that provide affordable energy to thousands across the country while also reactivating otherwise unusable land. Partners like Kearsarge and Summit Ridge are leading the charge.”

The recent installations will create hundreds of construction jobs.Summit Ridge Energy – Partnership 10 Expansion

NT Solar financed an additional three installations, expanding on an investment from earlier this year. These additional installations in Illinois are projected to generate over $7.5 million in solar tax credits and will provide renewable energy to thousands of residential users, each saving up to 10% of traditional energy providers. The installations are anticipated to be complete and in operation by 2022 and will generate an additional 10.75 Gigawatts hours (GWh) each year. The Partnership 10 portfolio includes a 9.2 MW DC site in Maryland, the largest rooftop community solar installation in the state.

Silicon Ranch Corporation – Bell Buckle Installation

In collaboration with returning partner Silicon Ranch Corporation, one of the nation’s largest carbon-free independent power producers, NT Solar provided tax credit financing for the $30 million solar investment tax credits generated by the 337-acre site. The nearly 35 MWac installation will generate over 68 GWh of renewable energy each year. Construction of this large-scale installation will support more than 100 construction jobs, with a preference given to applicants from the Bedford County area and military veteran community. Once operational, the project will supply power to Vanderbilt University and is projected to offset approximately 70% of Vanderbilt’s annual Scope 2 greenhouse gas emissions, the equivalent of enough power to serve more than 5,000 homes per year. In addition to these benefits, the project provides long-term tax revenues for the local community and new educational opportunities for faculty and students.

Silicon Ranch will keep the land housing the Bell Buckle Installation in agricultural production post-construction through holistic planned sheep grazing under its Regenerative Energy® approach to solar farm design, construction, and land management. This approach marries grassland restoration and regenerative agriculture practices with renewable energy production on one piece of land to restore soil health and biodiversity, promote and control vegetation, and sequester carbon to enrich the soil. Holistic planned sheep grazing mimics the way grassland ecosystems and large herds of native grazing animals have interacted over millennia.

Kearsarge Energy – SUU Portfolio

NT Solar financed a portfolio of two installations located across Massachusetts and Rhode Island that is projected to generate over $16 million in solar tax credits. The Massachusetts installation will be paired with battery storage, and both projects will provide power to local communities and municipal off-takers savings on their conventional utility bills that can help support a variety of community services. The installations are anticipated to be complete and in operation by the end of 2022, will have an installed capacity of 13.3 MW DC, and will generate an estimated 17 GWh of renewable energy each year, enough to fully power 1,400 homes annually.

About NT Solar

NT Solar, a wholly-owned subsidiary of the National Trust Community Investment Corporation, provides solar investments that create meaningful community impact and cost-effective energy options across multiple markets. Since its inception in 2010, NT Solar has provided tax credit financing of over $465 million in capital for 40 transactions nationwide, focusing on the growing Community Solar market. Our varied network of partners and extensive experience in diligence and structuring provides our developers with competitive pricing and stable returns for our investors. To learn more about NT Solar, click here.

About Kearsarge Energy

Kearsarge Energy, based in Boston, Massachusetts, is New England’s fastest-growing renewable energy project development, finance, and renewable asset owner, with a dual mission to help build a more sustainable world and to provide superior returns for stakeholders and the environment. Having successfully developed and financed 150 MW and $450 million of solar since 2011, Kearsarge is focused on creating long-term value by working with local communities to meet the growing demand for commercial and utility-scale renewable energy projects. To learn more, visit

About Silicon Ranch Corporation

Founded in 2011, Silicon Ranch is a fully integrated provider of customized renewable energy, carbon, and battery storage solutions for a diverse set of partners across North America. The company is one of the largest independent power producers in the country, with a portfolio that includes more than four gigawatts of solar and battery storage systems that are contracted, under construction, or operating across the U.S. and Canada. Silicon Ranch owns and operates every project in its portfolio and has maintained an unblemished track record of project execution, having successfully commissioned every project it has contracted in its history. In recognition of its holistic approach to land management, which the company has trademarked Regenerative Energy®, Silicon Ranch was named 2020’s “Most Forward-Thinking” company by Solar Power World. In 2021, Silicon Ranch acquired Clearloop, which helps businesses of all sizes reclaim their carbon footprint with a direct investment in building new solar projects while expanding access to clean energy. To learn more, visit,, and

About Summit Ridge Energy

Launched in 2017, Summit Ridge Energy is the nation’s leading owner-operator of community solar assets. Through dedicated funding platforms, the team acquires pre-operational projects within the rapidly growing solar energy and battery storage sectors. With over 100 active solar projects across markets, the team has established itself as a reliable industry partner. Since its founding, SRE has grown its portfolio of operational and in-development projects to more than 700 MW of clean energy and more than 100 MWh of standalone storage. Learn more at