The California Organized Investment Network (COIN) is a collaborative effort between the California Department of Insurance, the insurance industry, community affordable housing and economic development organizations, and community advocates. COIN determines potential environmental benefit and social impact of qualified investments to deliver suitable opportunities for investors.
In September 2017, NTCIC’s National Trust Solar Platform was approved as a COIN qualified high impact investment for insurers. The National Trust Solar Platform can be structured to benefit low-to-moderate income (LMI) and rural communities, while also providing a positive environmental impact from the use of renewable energy throughout California.
COIN was established in 1996 at the request of the insurance industry as an alternative to state legislation that would have required insurance companies to invest in underserved communities, similar to the federal Community Reinvestment Act (CRA) that applies to the banking industry. This voluntary program facilitates insurance industry investments that benefit California’s environment and its LMI income and rural communities. Today, CDI is the largest consumer protection agency in the state. With annual direct premiums of $288 billion, California is the largest insurance market in the United States and the sixth largest insurance market in the world. Learn more about COIN on their website.
Learn more about the National Trust Solar Platform and contact Karin Berry at firstname.lastname@example.org to connect about your next solar investment.