The Nevada Clean Energy Fund has been awarded $156 million in federal money for statewide solar projects, the nonprofit group announced Monday.
The five-year grant will fund a combined several thousand solar installations on single-family homes and affordable housing developments, as well as fund community solar projects and education and workforce development, according to CEO Kirsten Stasio.
The clean energy fund was established by Nevada lawmakers in 2017 as the state’s green bank to help finance clean energy projects. The nonprofit officially launched in 2022.
Earlier this year, the fund brought in a $7.7 million federal grant to deploy 25 electric school buses across Nevada. It is also partnering with the Nevada Governor’s Office of Energy to administer $1 million in funds for small and medium-sized disadvantaged businesses and a $1.8 million block grant to help residents and local governments make cost-saving energy upgrades.