Growing Clean Energy with Better Banking

New England Energia LLC

Cooperative Fund of New England Expands Clean Energy

Launched in April of 2010, Energía, LLC is bringing energy efficiency to western Massachussetts.

As a service provider for both residential and commercial properties, Energía has spent the last year and a half saving energy and saving money for its clients, by conducting energy audits and installing numerous energy upgrades, such as high-performance insulation, ENERGY STAR appliances, energy-efficient light fixtures, thermostat controls, and more.

The first year of business was a great success. So, bolstered with a line of credit from the Cooperative Fund of New England, Energía has been able to expand in 2011 to include renewable energy installations like solar hot water heaters and solar photovoltaics. The company has also been able to expand its services to larger clients, such as local universities like Mount Holyoke, Smith College, and Williams College.


The Energia team working on an insulation upgrade project at Mt. Holyoke College.

“By drawing off the line I had with them already, we’ve been able to bring on our third crew of workers,” says Tom Rossmassler, president of Energía, who notes that the expansion means four new jobs for the Holyoke area.

What’s more, Energía’s structure means that the new workers have more than just a job. Via the internal Workers Trust program, after six months Energía’s employees become eligible for company profit-sharing and for participation in governance with board representation.

With such an innovative and people-focused company structure, and a company mission that benefits the local community by diminishing local reliance on fossil fuels, Energía easily fulfills the vision of community-development lenders like the Cooperative Fund of New England.

Going Solar at the Workplace

Dr. David Shuman, veterinarian and pet care specialist, has always had a commitment to green principles at his Santa Cruz, California animal hospital.

Inside his facility, all light fixtures and screw-in light bulbs are fluorescent, the toilets are low-flow (with flow restrictors on sinks and shower heads), and his staff maintains a commitment to recycling and minimizing waste. Visitors to the animal hospital’s blog can find access to such green resources as biodegradable bags for pet waste and eco-friendly methods for getting rid of fleas.

However, there was one green step for his business that always seemed cost-prohibitive and out of reach: going solar at work.

That was before Dr. Shuman discovered his local community credit union’s solar-power loan program. The Santa Cruz Community Credit Union (SCCCU) offers 100-percent financing for the installation of solar energy for commercial property over a term of 15 years. When Dr. Shuman balanced the financing terms offered by SCCCU against the energy savings on his electricity bill that the solar panels would bring, taking out a loan with SCCCU just made good business sense.

photo courtesy of Joop Rubens and the Santa Cruz Community Credit Union

“My hospital’s electric bills have dropped from about $440 a month to about $65 a month,” says Dr. Shuman. “It can only be a guess because prices change, but using today’s electricity rates, it will take about twelve years or so for the savings to pay for the panels themselves, and to close out the loan.”

Meanwhile, the city of Santa Cruz can breathe easier with one more business choosing cleaner, greener power, over dirty fossil fuels. What’s more, the SCCCU loan helped direct more business to local solar installation company Independent Energy Systems, supporting good, local, green jobs.

“Joel Kaufman and his team at Independent solar were A+ to work with,” says Dr. Shuman. “My customers have noticed the installation, of course, and I was very surprised at how many clients have said something. I’ve even had pedestrians walking by the hospital stop in to ask about them. I actively refer anyone interested to Independent Energy.”

In addition to the solar power loans, SCCCU also offers energy-efficiency loans, up to $10,000 for business to purchase energy-efficient appliances and lighting, window replacements, water-saving or low-flow sprinkler systems, and drought resistant or ecological landscaping, or for waste-reduction, recycling, and composting.

It’s all a part of SCCCU’s commitment to “develop new loan products that promote energy efficiency and a clean environment for our members and our community,” says Frank Nuciforo, director of lending for SCCCU. In 2010, the credit union loaned more than $200,000 to local residents and businesses for going solar, for investing in energy efficiency, or for electric or hybrid cars.