Capital Good Fund
Capital Good Fund is a nonprofit CDFI providing affordable consumer loans, financial coaching, and solar leasing (BRIGHT program) to low- and moderate-income households across 11 U.S. states, serving unbanked individuals, immigrants, LMI homeowners, and mission-aligned nonprofits.
- Company typePrivate
- Founded2009
- HeadquartersProvidence, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Capital Good Fund does
Capital Good Fund is a U.S. Treasury-certified Community Development Financial Institution (CDFI) and 501(c)(3) nonprofit founded in 2009 by Andy Posner in Providence, Rhode Island, with the mission of using inclusive financial services to create pathways out of poverty and advance a green economy. The organization serves low- and moderate-income (LMI) individuals and families across 11 U.S. states (Rhode Island, Florida, Massachusetts, Illinois, Delaware, Texas, Colorado, New Jersey, Connecticut, Georgia, and Pennsylvania), with a customer base that includes unbanked and underbanked households, immigrants, LMI homeowners, senior homeowners on fixed incomes, and mission-aligned nonprofit organizations. Core products include the DoubleGreen interest-free energy-efficiency loan ($500-$25,000 at 0% APR), HomeGreen energy-efficiency loan ($1,000-$50,000 at 9.99% APR), Immigration loans ($1,501-$20,000 at 15.99% APR), a $5/month Credit Builder program, and Financial Coaching PLUS at $15/month over 12 months.
The underlying platform is a 100% contactless online loan application and servicing system (capitalgoodfund.tfaforms.net) that supports account creation, document submission, and status tracking across all 11 service states, with financial coaching delivered in-person in Rhode Island and via Zoom elsewhere. The signature BRIGHT solar leasing program (Georgia BRIGHT and Pennsylvania BRIGHT) enables LMI homeowners, nonprofits, and small businesses to install solar panels and battery storage with no upfront cost; Capital Good Fund owns and maintains the systems, monetizing Inflation Reduction Act tax credits (including the domestic content bonus enabled by Enphase-manufactured microinverters) and generating recurring lease revenue at approximately $88 per month per system. Revenue is derived from loan interest, solar lease payments, coaching subscriptions, and grant/impact-investment inflows including a $156M EPA Solar for All grant.
Capital Good Fund has financed more than 17,000-18,000 loans and leases totaling $60M-$65M cumulative, with 200 solar leases deployed to date, a 97% loan repayment rate, and over 2,000 financial coaching clients completing its program (with average credit score improvements of up to 75 points). Customer acquisition is direct-to-consumer combined with a community-led go-to-market model that leverages local partner organizations, canvassing campaigns, immigration attorneys, solar installers, and a 40-member Solar for All Community Advisory Board in Georgia. The organization is supported by a network of philanthropic and impact-investment partners including First Citizens Bank, Wells Fargo Foundation, Candide Group's Afterglow Climate Justice Fund, BankNewport, Truist Charitable Fund, National Grid, Enphase Energy, and the EPA, and operates a sister nonprofit Social Capital Fund for accredited investor impact investments.
Capital Good Fund firmographics
Firmographics- Name
- Capital Good Fund
- Legal name
- The Capital Good Fund, Inc.
- Website
- https://capitalgoodfund.org
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Capital Good Fund is a nonprofit CDFI providing affordable consumer loans, financial coaching, and solar leasing (BRIGHT program) to low- and moderate-income households across 11 U.S. states, serving unbanked individuals, immigrants, LMI homeowners, and mission-aligned nonprofits.
- Ownership category
- akta.pro rank
Capital Good Fund industry classification
Industry- Product category
- Community Development Financial Services (CDFI / Microfinance)
- NAICS
- Commercial Banking (522110), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)
- akta.pro secondary industries
- Community Development & Affordable Housing Funds (FSANAJAK), Sustainable Infrastructure & Resilient Cities Funds (FSANAJAC), SDG / Thematic Sustainable Investment Funds (FSANAJAN)
Keywords
Where Capital Good Fund is headquartered
LocationHeadquarters
- HQ city
- Providence
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Capital Good Fund business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Loan Interest Revenue: Capital Good Fund earns interest income on its consumer loans including Immigration loans (15.99% APR), HomeGreen energy-efficiency loans (9.99% APR), and other credit products. Loans range from $500 to $50,000 with repayment terms of 24 to 84 months.
- DoubleGreen Interest-Free Loans: The DoubleGreen loan program offers 0% APR financing for energy-efficiency upgrades ($500-$25,000), working in partnership with National Grid. Revenue is generated through utility partnerships rather than direct interest.
- Solar Leasing (BRIGHT Program): Capital Good Fund owns and maintains solar panel systems leased to homeowners and nonprofits. Revenue comes from monthly lease payments. The BRIGHT program has deployed approximately 200 solar leases to date.
- Financial Coaching Programs: Revenue from Financial Coaching PLUS ($180 total, $15/month for 12 months; $18.75/month for two individuals sharing finances) and Credit Builder ($5/month for 12 months) programs. Payments are reported to credit bureaus as 0% loans, building credit history.
- Grants and Impact Investments: Capital Good Fund receives grant funding and equity equivalent investments from banks, foundations, and government programs (e.g., $1M from First Citizens Bank, $156M EPA Solar for All grant, $3.2M from Candide Group's Afterglow Climate Justice Fund) to support program expansion and lending capital.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | DoubleGreen Weatherization Loan: $500 to $25,000 at 0% APR |
| Unit Pricing | Monthly | HomeGreen Energy-Efficiency Loan: $1,000 to $50,000 at 9.99% APR |
| Unit Pricing | Monthly | Immigration Loan: $1,501 to $20,000 at 15.99% APR |
| Subscription | Monthly | Credit Builder Program: $5/month for 12 months |
| Subscription | Monthly | Financial Coaching PLUS: $180 total ($15/month for 12 months) |
| Subscription | Monthly | Georgia BRIGHT Solar Lease: No upfront cost, monthly lease payments |
| Subscription | Monthly | Pennsylvania BRIGHT Solar Lease: ~$88/month average |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels7 records
Capital Good Fund product offering
Product offeringCore offering
Capital Good Fund is a nonprofit Community Development Financial Institution (CDFI) that provides affordable consumer loans and financial coaching to low- and moderate-income (LMI) households across 11 U.S. states. Its core offerings include interest-free and low-interest energy-efficiency loans (DoubleGreen, HomeGreen), Immigration Loans, a Credit Builder program, and Financial Coaching PLUS. Through the BRIGHT program, the organization owns and leases residential and small commercial solar systems to LMI homeowners and nonprofits, capturing federal tax credits that it passes back through reduced lease pricing.
Product overview
Capital Good Fund is a nonprofit CDFI offering a portfolio of financial products and coaching services. Core offerings include: (1) Loans for energy efficiency (DoubleGreen at 0% APR up to $25K; HomeGreen at 9.99% APR up to $50K), (2) Immigration Loans ($1,501-$20K at 15.99% APR), (3) Financial Coaching PLUS ($180/year personalized coaching), and (4) Credit Builder ($5/month building credit history). The BRIGHT Program provides solar leasing for underserved communities, with Georgia BRIGHT and Pennsylvania BRIGHT serving low-to-moderate income households with no upfront solar costs.
Differentiator
Problem solved
Functional benefit
Brands
- Georgia BRIGHT: Solar leasing program for low-to-moderate income households in Georgia, providing residential and commercial rooftop solar and battery storage leases and power purchase agreements.
- Pennsylvania BRIGHT
- DoubleGreen
- HomeGreen
- Immigration Loans
- Credit Builder Program
- Financial Coaching PLUS
Products and services
- DoubleGreen Loan Interest-free loan ranging from $500 to $25,000 for energy-efficiency home upgrades including wall insulation, window replacement, duct sealing, knob-and-tube wiring removal, and high-efficiency HVAC equipment. Available to Rhode Island and Massachusetts residents in partnership with National Grid. No closing fee or down payment; monthly repayment over 24 to 84 months.
- HomeGreen Energy-Efficiency Loan Low-interest loan ranging from $1,000 to $50,000 at 9.99% APR for comprehensive energy-efficiency home improvements. Designed for low-to-moderate-income homeowners with less-than-perfect credit; no closing fee or down payment; repaid over 24 to 84 months.
- Immigration Loans Loans ranging from $1,501 to $20,000 at 15.99% APR covering citizenship applications, Green Card processes, family petitions, and immigration detention bonds. No closing fee or down payment; repaid over 48 months; available in RI, MA, FL, DE, IL, TX, CO, NJ, CT, GA, PA via referrals from AILA-approved immigration attorneys.
- Credit Builder Program 12-month program where participants make $5 monthly payments reported to all three credit bureaus as a 0% loan, building positive credit history. Includes three TransUnion credit reports with FICO scores and a PDF guide on reading credit reports.
- Financial Coaching PLUS Year-long personalized financial coaching program at $180 total ($15/month for 12 months; $18.75/month for two participants). Includes four 60-minute one-on-one sessions plus 6-month and end-of-year check-ins. Covers budgeting, credit, debt management, savings, and health affordability. Delivered in-person in RI; virtually via Zoom in MA, CT, NJ, FL, IL, PA, GA, TX.
- BRIGHT Solar Leasing Program (Georgia BRIGHT and Pennsylvania BRIGHT) Solar leasing and PPA program for low-to-moderate income homeowners with no upfront costs. Capital Good Fund owns and maintains the solar and battery systems; participants make monthly lease payments and save approximately 10–15% on energy costs. Georgia BRIGHT and Pennsylvania BRIGHT operate under this umbrella.
- BRIGHT Solar Communities Sub-program of BRIGHT serving nonprofits, faith organizations, affordable housing developments, and mission-aligned small businesses through Solar Energy Procurement Agreements (SEPAs). Capital Good Fund owns and maintains the solar system, passing through federal tax-credit value to tax-exempt hosts that could not otherwise monetize them.
Quantifiable outcome
- 17,000+ loans totaling over $60 million financed for American families; 2,000+ coaching clients completed the program; 97% loan repayment rate; credit scores increase up to 75 points on average through coaching programs; Pennsylvania BRIGHT participants save approximately $30/month (15%) on utility bills; average monthly solar lease payment around $88
- +1 more outcomes
Companies that use Capital Good Fund
Customer profileNamed customers13 records
Segments6 records
Ideal customer profiles4 records
Capital Good Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Capital Good Fund partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered flagship, minor and core.
- Enphase EnergyflagshipEnphase Energy partnered with Capital Good Fund to deploy approximately 24 megawatts of IQ8P-3P and IQ9N-3P microinverters (including the IQ9 Commercial Microinverter with gallium nitride technology) across small commercial and residential solar projects in Georgia and Pennsylvania. The collaboration supports Capital Good Fund's BRIGHT program, providing low-cost solar PPAs and leases for nonprofits, affordable housing, and low-to-moderate income homeowners. Enphase microinverters manufactured in U.S. facilities can qualify for domestic content bonus tax credits.
- Solarize Greater PhiladelphiaminorPennsylvania BRIGHT partnered with Solarize Greater Philadelphia to install rooftop solar leasing arrays on 87 homes statewide and is expanding to about 150 additional households.
- Heritage Works, Inc.minorHeritage Works, founded by Helen Ladson, serves as a credible community messenger in Brunswick, Georgia (Gullah Geechee Heritage Corridor) for the Solar for All Community Advisory Board, focusing on economic development and ecological stewardship.
- Infinite Energy Advisors / Solar Knowledge InstituteminorFounded by Olivia Amyette (2023 Georgia Solar Energy Association Rising Star award winner), Infinite Energy Advisors and Georgia's first solar training school (Solar Knowledge Institute) support solar workforce development for the Georgia BRIGHT program.
- 2KB Energy Servicesminor2KB Energy Services, a minority-owned energy efficiency and sustainability consulting firm (has managed over $325M in energy efficiency projects), contributes to the Solar for All Community Advisory Board and chairs the IDEAL committee of Southface's board.
- SouthfaceminorSouthface is a nonprofit promoting sustainable homes, workplaces, and communities. George Buchanan of 2KB Energy chairs Southface's Inclusion, Diversity, Education, Access, and Learning (IDEAL) committee, connecting Capital Good Fund to broader sustainability networks.
- Partnership for Southern EquityminorPartnership for Southern Equity contributes youth advocate Denise Webb to the Solar for All Community Advisory Board, ensuring youth voices are represented in program design and decision-making.
- Green Power VenturesminorGreen Power Ventures (GPV), co-founded by Dr. Reginald Parker, contributes expertise to the Solar for All Community Advisory Board, bringing clean energy and community development experience to Georgia BRIGHT strategy.
- Klean Energy KultureminorKlean Energy Kulture, co-founded by Michael Hawthorne Jr., is represented on the Solar for All Community Advisory Board, contributing expertise in clean energy and environmental justice.
- Philadelphia Green Capital Corp.coreCapital Good Fund partnered with Philadelphia Green Capital Corp. to launch a 60-home solar leasing pilot for low- and middle-income families in Pennsylvania (Pennsylvania BRIGHT).
- Georgia Conservation VoterscoreGeorgia Conservation Voters partnered with Capital Good Fund's Georgia BRIGHT program for door-to-door canvassing campaigns in DeKalb County to educate homeowners about solar leasing eligibility (households under $100,000 income) and the benefits of renewable energy. The partnership supports inclusive access to clean energy for underserved communities.
- Civic Operations GroupminorCivic Operations Group collaborates with Georgia Conservation Voters and Capital Good Fund on canvassing efforts to educate DeKalb County residents about Georgia BRIGHT solar leasing options.
- City of SavannahcoreThe City of Savannah, led by Interim Director of Sustainability Alicia Brown, helped establish Georgia BRIGHT by introducing Capital Good Fund to local organizations, explaining the energy landscape, and building community trust through neighborhood meetings and outreach. Alicia Brown now serves as Director of Georgia BRIGHT.
- Georgia Interfaith Power and LightcoreGeorgia Interfaith Power and Light is a local partner helping Georgia BRIGHT reach faith communities and nonprofits for solar installations. Partnered on projects like Trinity Episcopal Church in Statesboro.
- Southern Environmental Law Center (SELC)coreSELC provided guidance in shaping Georgia BRIGHT, helping create consumer disclosure documents and safeguards, and provided feedback from commissioners and stakeholders to identify barriers for LMI families in accessing solar.
- Sunpath SolarcoreSunpath Solar is an EPC (Engineering, Procurement, and Construction) partner for the Georgia BRIGHT solar leasing program, providing solar panel installations for low-to-moderate income households.
- Better Tomorrow SolarcoreBetter Tomorrow Solar is an EPC partner for the Georgia BRIGHT solar leasing program, installing solar panel systems for LMI households.
- AILA (American Immigration Lawyers Association)minorCapital Good Fund partnered with AILA to bring financial support to immigrant communities through the Immigration Loan Program. Immigration attorneys on Capital Good Fund's approved list provide referral forms for loan applicants.
- Cotuit SolarcoreCapital Good Fund partnered with Cotuit Solar to create the DoubleGreen Solar Loan program, enabling Rhode Island and Massachusetts residents to access affordable solar financing through a non-secured, fixed-rate loan (starting at 3.1% APR over 25 years). Cotuit Solar serves as an installation partner for the program.
- Got Sun Go SolarcoreCapital Good Fund partnered with Got Sun Go Solar to create the DoubleGreen Solar Loan program for Massachusetts and Rhode Island residents. Got Sun Go Solar is an installation partner providing solar panel systems financed through the program.
- National GridcoreCapital Good Fund partners with National Grid (utility company) to offer the DoubleGreen Loan for energy-efficiency upgrades. National Grid provides a HEAT Loan Authorization Form and determines eligible measures for the program covering wall insulation, window replacement, duct sealing, knob-and-tube removal, and high-efficiency HVAC.
Scale indicators20 records
Recent moves9 records
Expansion highlights6 records
Capital Good Fund competitors and assessment
Company assessmentDirect peers
- Coastal Enterprises Inc (CEI): CEI is a Maine-based CDFI that provides small-business loans, clean-energy financing, and affordable-housing capital to underserved communities. Its mission overlap with CGF is strong on both the financial-inclusion and clean-energy fronts, though CEI skews toward small-business rather than consumer lending.
- PosiGen: PosiGen is a residential solar leasing and energy-efficiency company that explicitly targets low-to-moderate income homeowners with no-credit and low-credit underwriting. Like CGF's BRIGHT program, PosiGen retains ownership of the solar system and bills the customer a fixed monthly lease — making it the closest commercial analog to CGF's solar lease model, though PosiGen is for-profit and does not pair solar with consumer microfinance or financial coaching.
- Kiva: Kiva operates a global crowdfunded micro-lending platform that funds small-dollar loans to underserved borrowers in the US and abroad, often through CDFI partners. While structurally different (P2P funding rather than institutional lending capital), it competes for the same borrower profile and impact-investor mindshare.
- Self-Help Federal Credit Union: Self-Help is one of the largest US CDFI credit unions, serving low-wealth communities across the Southeast and beyond with deposit accounts, consumer loans, and mortgage products. Like CGF, it is mission-driven, CDFI-certified, and focused on financial inclusion — but operates as a credit union depository rather than a nonprofit lender without deposits.
- Grameen America: Grameen America is a 501(c)(3) microfinance nonprofit that makes small-dollar consumer loans to low-income women entrepreneurs, with strong repayment performance and an in-person group-lending model. It is the closest peer to CGF's legacy affordable consumer-lending mission (Immigration loans, car loans, weatherization loans) and represents the gold-standard microfinance comparison in the US.
- Boston Impact Initiative (BII): BII is an impact-investing CDFI operating in Eastern Massachusetts that has been an early institutional investor and partner to Capital Good Fund. Its integrated place-based lending and equity investing model mirrors CGF's mix of debt products plus impact-investor capital raising.
- National Energy Improvement Fund (NEIF): NEIF is a Pennsylvania-based nonprofit energy-efficiency lender that partners with CGF on the DoubleGreen loan program and serves the same LMI homeowner segment with energy-improvement financing. It is one of CGF's most direct operational peers and co-delivery partners in the home-energy lending niche.
Broad incumbents
- Sunrun: Sunrun is the largest US residential solar lease and PPA provider. It operates a structurally identical solar-lease product to BRIGHT but targets creditworthy middle-income homeowners — making it the broad-incumbent comparison that CGF differentiates against by serving the LMI and credit-invisible segment that Sunrun declines.
- Beneficial State Bank: Beneficial State Bank is a CDFI-certified, B-Corp commercial bank operating in California, Oregon, and Washington with a mission of serving underserved communities and financing climate solutions. It is a comparable mission-driven, CDFI-certified financial institution, though structured as a state-chartered bank rather than a nonprofit.
Emerging players
- Mosaic: Mosaic was a major US residential and commercial solar lending platform; after its 2023 shutdown, its legacy is being revived under new ownership with a focus on solar loan products. As a former solar finance peer it remains comparable to CGF's HomeGreen and DoubleGreen energy-efficiency loan products on the financing-side, even though its LMI focus is shallower.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Capital Good Fund social profiles
Digital presenceCapital Good Fund compliance and trust
Trust signalCompliance2 records
Capital Good Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Capital Good Fund leadership team
Management profileNumber of profiles
Profiles8 records
Capital Good Fund funding detail
Funding detailFunding overview
Funding rounds9 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Capital Good Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Capital Good Fund
What does Capital Good Fund do?
Capital Good Fund is a nonprofit Community Development Financial Institution (CDFI) that provides affordable consumer loans and financial coaching to low- and moderate-income (LMI) households across 11 U.S. states. Its core offerings include interest-free and low-interest energy-efficiency loans (DoubleGreen, HomeGreen), Immigration Loans, a Credit Builder program, and Financial Coaching PLUS. Through the BRIGHT program, the organization owns and leases residential and small commercial solar systems to LMI homeowners and nonprofits, capturing federal tax credits that it passes back through reduced lease pricing.
Is Capital Good Fund a public or private company?
Capital Good Fund is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Capital Good Fund founded?
Capital Good Fund was founded in 2009. It employs 51 to 100 people.
Where is Capital Good Fund based?
Capital Good Fund is headquartered in Providence, United States, in the North America region.
How does Capital Good Fund make money?
Five revenue lines are on record. Loan Interest Revenue is the primary driver. The others are doubleGreen Interest-Free Loans, solar Leasing (BRIGHT Program), financial Coaching Programs and grants and Impact Investments.
Who are Capital Good Fund's main competitors?
Direct peers on record are Coastal Enterprises Inc (CEI), PosiGen, Kiva, Self-Help Federal Credit Union, Grameen America, Boston Impact Initiative (BII) and National Energy Improvement Fund (NEIF). Broad incumbents are Sunrun and Beneficial State Bank. Mosaic is listed as an emerging player.
Does Capital Good Fund have an API?
No public API is recorded for Capital Good Fund.
What industry is Capital Good Fund in?
Capital Good Fund's product category is Community Development Financial Services (CDFI / Microfinance). Its primary akta.pro industry code is BPAGALAA, Impact Investing & Social Finance (Funds, CDFIs, Microfinance), with a secondary code of FSANAJAK, Community Development & Affordable Housing Funds. Its NAICS code is 522110 and its SIC code is 6159.