Capital Good Fund

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.

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

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

• Community development lending
• Affordable consumer loans
• Financial coaching services
• Solar leasing programs
• Immigration financing

Headquarters

HQ city

Providence

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. 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.
2. 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.
3. 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.
4. 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.
5. 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

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core 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

Named customers13 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

21 partnerships are on record, tiered flagship, minor and core.

• Enphase EnergyflagshipTechnology or Integration · 3 March 2026Enphase 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 PhiladelphiaminorStrategic or Co-development Partner · 31 December 2025Pennsylvania 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.minorStrategic or Co-development Partner · 4 November 2024Heritage 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 InstituteminorStrategic or Co-development Partner · 4 November 2024Founded 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 ServicesminorStrategic or Co-development Partner · 4 November 20242KB 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.
• SouthfaceminorStrategic or Co-development Partner · 4 November 2024Southface 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 EquityminorStrategic or Co-development Partner · 4 November 2024Partnership 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 VenturesminorStrategic or Co-development Partner · 4 November 2024Green 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 KultureminorStrategic or Co-development Partner · 4 November 2024Klean 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.coreStrategic or Co-development Partner · 12 August 2024Capital 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 VoterscoreGTM or Marketing Partner · 21 May 2024Georgia 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 GroupminorGTM or Marketing Partner · 21 May 2024Civic 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 SavannahcoreGTM or Marketing Partner · 1 March 2024The 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 LightcoreStrategic or Co-development Partner · 1 March 2024Georgia 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)coreStrategic or Co-development Partner · 1 December 2023SELC 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 SolarcoreTechnology or Integration · 1 October 2023Sunpath 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 SolarcoreTechnology or Integration · 1 October 2023Better 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)minorStrategic or Co-development Partner · 1 February 2023Capital 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 SolarcoreTechnology or Integration · 1 April 2021Capital 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 SolarcoreTechnology or Integration · 1 April 2021Capital 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 GridcoreStrategic or Co-development PartnerCapital 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

Direct 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

• YouTubeyoutube.com/capitalgoodfund
• Facebookfacebook.com/capitalgoodfund
• LinkedInlinkedin.com/company/capital-good-fund
• Instagraminstagram.com/capitalgoodfund
• Xx.com/cgfund

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds9 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capital Good Fund