Amalgamated Bank, using Allectrify’s FASTPACE platform, closed a $1.2 million C-PACE deal to install solar PV and upgrade the roof at Marder Seafood in New Bedford, Massachusetts. The project is one of only a handful completed since the state’s C-PACE program launched in 2020.
With an approximately 20-year loan term, the financing will help the family-owned seafood business lower energy costs, reduce its carbon footprint, and extend the life of its building. It’s another example of how FASTPACE enables lenders to deliver tailored, cost-effective solutions for local businesses.
