Indiana’s New Nonprofit Green Bank — A Catalyst for Clean Energy Freedom, Economic Resilience
We’re all feeling the pinch of inflation in many of our household costs, including our food, gas and insurance — frankly, almost everything we buy. And while costs are starting to improve, part of that inflation picture is what we’re paying for electricity in our homes and businesses, which has gone up significantly here in Indiana over the past few years and adds to the overall cost pressures on our daily lives.
Indiana’s first nonprofit green bank was recently created to help Hooisers lower their energy costs and, while doing so, also make their homes and communities healthier and more comfortable.
Green banks are mission-driven institutions that do more than just provide financing for energy improvement projects. Green banks leverage innovative, low-cost funding mechanisms to deploy energy efficiency and renewable energy where they are most needed: in underserved and disadvantaged communities. Like the more than 50 green banks across the U.S., the Indiana Energy Independence Fund prioritizes community impact over profit.
