The Solar Energy Industries Association (SEIA) is urging banking regulators to expand the use of the Community Reinvestment Act (CRA) to include financing support for solar and storage projects of all sizes. SEIA’s advocacy push centers around comments the organization submitted in response to new rules that would improve equitable access to solar energy and better align the CRA with the president’s clean energy and climate resilience plans.
The CRA directs regulated banks to serve low- and moderate-income (LMI) communities and is a legislative tool for catalyzing local investment and lending sources in these communities. SEIA’s comments focus on targeted changes to the CRA that could inject new funding for sources for solar and storage projects across all market segments. This will help increase credit…