City First Enterprises (CFE), DC Green Bank, and Evergreen Energy Investments today announced $5.25 million in financing that will deliver clean, affordable solar energy to approximately 335 District households. Three-quarters of the households will be in low- to moderate-income communities, and approximately 200 homes will receive the solar energy generated at zero cost.
With this financing, Evergreen Energy Investments – through a subsidiary – will lead the installation of more than 3 MW of solar systems across these households. The solar arrays are expected to generate 3,685 MWh of renewable energy annually, reducing carbon emissions by the equivalent of 9million miles driven by an average passenger vehicle each year. These projects are also expected to create approximately 50 jobs.
CFE and DC Green Bank each contributed $2.625 million to finance the $10 million project. This deal builds on a yearslong partnership between CFE and DC Green Bank that serves as a model for how CDFIs and green banks across the country can expand access to capital for clean energy projects and local economic development.
“This project is proof that the transition to clean energy starts at the community level,” said CFE President & CEO Oswaldo Acosta. “Through investments like these, CFE builds on its commitment to expand access to capital, grow our local economy, and catalyze private resources on behalf of community development initiatives.”
“We are proud to support our partners and drive investments in resilient infrastructure that create jobs, reduce energy costs, and put money back in the pockets of DC residents,” said Brandi Colander, Interim CEO of DC Green Bank. “We’re thrilled to have a strong partnership with CFE, together we are creating tangible solutions to support the District’s thriving energy economy.”
“Projects like these prove the transition to clean energy can be both profitable and equitable,” said Lawrence Brown, Founder & CEO of Evergreen Companies. “Evergreen is proud to advance District goals surrounding sustainability, and we look forward to continuing that mission in the years to come.”
The solar power systems are expected to be installed by the second half of 2026.
DCGB-CFE Evergreen Investment Press Release_7.16.25