In partnership with the Prometheus Power Group, a Michigan-based developer with a focus on Community Solar initiatives, NT Solar provided an equity investment in the $3.3 million in Solar Investment Tax Credits (ITC) generated by the development of the solar site in Eastport, Maine. This is NT Solar’s first investment with Prometheus Power Group and ninth collaboration with investor PeoplesBank.

The Eastport project will serve a mix of residential and commercial subscribers through Maine’s Community Solar program, offering a  15% fixed discount  on all allocated bill credits. The project also qualifies for the 10% Domestic Content adder under the Inflation Reduction Act, supporting U.S.-based manufacturing by utilizing domestically manufactured panels.

NT Solar invested in the $1.7 million of Solar investment tax credits (ITC) generated by the project, which consisted of six ground- and roof-mounted installations in Maine and New Hampshire. The projects were developed by Wishcamper Solar Partners, a Portland, Maine-based socially motivated for-profit developer of affordable housing with properties in 22 states. The new installations will provide up to 9% in energy savings to subscribers, which include the Nashua school district, Dartmouth College, and three municipalities.