Boston-based mortgage banking firm EagleBridge Capital recently arranged $20.6 million in financing for the installation of rooftop and ground solar panels at 14 sites in Massachusetts.
The properties are located in Boston and Greater Boston, as well as Central and Southeastern Massachusetts. The solar panels were installed on a diverse range of properties including office and industrial buildings, schools and municipal buildings, according to a statement. Installations ranged from 100 kilowatts to 800 kilowatts in size, and total 4.4 megawatts in combined power generated.
The solar energy financing was arranged by EagleBridge principals Brian D. Sheehan and Ted M. Sidel. The lenders included several financial institutions, the company said.
"The Massachusetts program for Solar Renewable Energy Certificates (SRECs) is, we believe, one of the best in the country and combined with the green energy incentives from the federal government, these projects make tremendous economic sense for a wide range of buildings," Sheehan and Sidel said in a joint statement.
