Offering Terms
- Investment Goal: $250,000
- Minimum Investment: $10
- 8% Annual Interest
- 7 Year Term, Semi-Annual Repayments
- Available Until: October 15th, 2024
About the Project
BlocPower builds smarter, greener, healthier communities for all. We’re on a mission to make the transition to a clean energy economy equitable for everyone, especially those in under-resourced and historically marginalized communities. BlocPower uses the crowdfunding money we raise to fill funding gaps to help get projects off the ground or see them through to completion.
For example, in 2021, after using an oversized, aging oil boiler and portable electric space heaters to heat the building, a church in White Plains, New York faced an emergency from loss of heat in the middle of a natural gas moratorium. BlocPower was able to use crowdfunded money to move the church away from fossil fuels to a new, all-electric air source heat pump system.
This year, BlocPower will continue to expand its electrification efforts throughout America. From helping a senior center in Ithaca, NY stand up an electric heating system in time for winter, to bringing electric cooling systems to low-income residents in Denver amid unprecedented summer heat, to installing an induction oven in a church kitchen in Atlanta — we want to be at the forefront of addressing climate injustice and democratizing access to clean energy. We can do it with your help.
About the Team
BlocPower is a climate technology company decarbonizing aging buildings and homes nationwide. Founded to make communities smarter, greener, and healthier for all — BlocPower provides home and building owners with clean, energy-efficient technology, green workforce development, and flexible financing to make upgrades more accessible for low-to-moderate-income communities.
Invest to help us transform buildings and create smarter, greener, healthier communities for ALL.
Use of Proceeds
The capital secured through this initiative is earmarked for investment in energy efficiency, renewable energy, and electric vehicle (EV) charging infrastructure projects.
Financial Information
BlocPower Energy Services 3 LLC is issuing Climate Impact Notes. The Notes are senior and unsecured, with a fixed interest rate of 8% per year paid semi-annually for the 7-year term.
For each of the 14 semi-annual payments, the investor will receive the same flat payment, including interest due plus repayment of a portion of their principal. The first payment will start 6 months from the Issuance Date.
The investment can be repaid early with a 5% penalty.
You may find more detailed information about the investment project in:
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Financial Disclosure
Content is based entirely upon BlocPower’s representations. Prior results do not guarantee future success. It’s important to note that investing in renewable energy projects through crowdfunding carries financial risks and may not be suitable for everyone. As with any investment, there is a possibility that you may lose some or all of the money you invest. It’s important to note that this article should not be considered investment advice. The information provided is for informational purposes only and is not intended to recommend or endorse any particular investment strategy. The information provided in this article is for informational purposes only and should not be considered financial or investment advice. It’s crucial to do your own research and consult with a financial advisor or professional before making any investment decisions, especially when investing in renewable energy projects through crowdfunding, which carries financial risks and may not be suitable for everyone.
Copyright@ Climatize Earth Inc 2023.