Aspen Power Secures Major Tax Equity Financing from Monarch Private Capital to Accelerate Solar Development Across Three States
Aspen Power, a rapidly growing distributed generation platform committed to driving the clean energy transition, announced that it has successfully closed a new tax equity facility with Monarch Private Capital. The agreement marks another milestone in Aspen Power’s 2025 growth strategy and will provide critical funding to support the development and operation of solar project portfolios in New York, Illinois, and Pennsylvania.
This latest financing underscores Aspen Power’s ability to leverage strong partnerships with institutional investors to expand the availability of clean energy solutions across the United States. By collaborating with Monarch Private Capital, Aspen Power will not only advance its near-term solar pipeline but also create long-lasting community and environmental benefits.
Strengthening Aspen Power’s 2025 Pipeline
The newly secured tax equity facility highlights the company’s strong momentum in 2025. With this transaction, Aspen Power has now closed a total of $66 million in tax equity commitments during the first eight months of the year, reflecting significant investor confidence in its distributed generation strategy. These financial commitments provide Aspen Power with the capital flexibility to move projects from concept to operation more efficiently, ensuring that solar projects are deployed on time and at scale.
Bill DeLong, Chief Financial Officer at Aspen Power, emphasized the importance of this partnership:
“This commitment secured through Monarch strengthens Aspen’s ability to execute on our pipeline and expand access to distributed generation across multiple states. Tax equity partnerships like this are essential to driving long-term growth and accelerating progress toward a more sustainable future.”
Tax equity financing continues to be one of the most critical sources of capital for renewable energy development in the United States. By utilizing tax benefits available under federal energy policies, investors like Monarch Private Capital are able to provide the funding needed for projects to be constructed and operated, while also capturing stable returns. This model has become a cornerstone of financing for solar projects, enabling developers such as Aspen Power to bring large portfolios online.
Monarch Private Capital’s Role in Advancing Clean Energy
For Monarch Private Capital, the collaboration with Aspen Power aligns closely with the firm’s long-standing strategy of pursuing investments that deliver both financial returns and measurable community impact. Monarch’s energy investment team has a history of supporting renewable energy developers across the country, with a particular focus on projects that strengthen local economies and reduce carbon emissions.
Bryan Didier, Partner and Managing Director of Energy at Monarch Private Capital, commented on the significance of the partnership:
“Partnering with Aspen Power enables us to advance projects that align with our ‘all-of-the-above’ energy investment strategy. This collaboration supports the energy transition across New York, Illinois, and Pennsylvania while delivering meaningful community impact and long-term value for our investors.”
By deploying capital into Aspen Power’s portfolio, Monarch is helping ensure that solar energy adoption continues to scale across multiple regions of the U.S. The projects supported by this investment are expected to generate clean electricity, reduce reliance on fossil fuels, and provide communities with local sources of renewable power for decades to come.
Expanding Access to Distributed Generation
Aspen Power has positioned itself as a leader in distributed generation — a model that emphasizes the deployment of clean energy systems closer to where electricity is consumed. Unlike large utility-scale projects located in remote areas, distributed generation projects often serve local businesses, institutions, and communities directly. This approach helps reduce transmission costs, strengthens grid resilience, and ensures that the benefits of clean energy are widely shared.
To date, Aspen Power has developed or acquired more than 600 renewable energy projects across 26 states, ranging from solar installations that serve municipal customers to projects supporting commercial and industrial energy needs. Each project contributes to Aspen Power’s overarching mission to build a sustainable energy future through accessible, reliable, and cost-effective renewable energy.
The partnership with Monarch Private Capital will accelerate Aspen’s ability to deliver new projects in key regions. In New York, Illinois, and Pennsylvania — states with ambitious clean energy goals and strong demand for solar — Aspen Power’s developments are expected to contribute meaningfully to renewable portfolio standards and climate targets.
Community and Environmental Benefits
Beyond its financial and technical achievements, Aspen Power emphasizes the broader community and environmental benefits of its projects. Distributed solar developments often provide local job opportunities in construction, operations, and maintenance. They also deliver long-term savings to host communities and end users by reducing energy costs and stabilizing electricity prices.
In addition, the environmental benefits are significant. Every new solar project contributes to reductions in greenhouse gas emissions and supports national efforts to transition toward a low-carbon economy. By securing financing through Monarch Private Capital, Aspen Power is better positioned to scale these benefits across multiple communities simultaneously.
Confidence in Aspen Power’s Growth Strategy
The closing of this latest tax equity facility is a signal of confidence in Aspen Power’s financial discipline and project execution capabilities. Investors are increasingly drawn to distributed generation developers that combine a proven track record with a forward-looking strategy. Aspen Power’s ability to close $66 million in tax equity commitments in just eight months of 2025 highlights the company’s growing reputation as a trusted partner in the renewable energy sector.
As policy support for clean energy continues to expand and demand for distributed solar rises, Aspen Power’s combination of deep industry expertise, diverse project portfolio, and strong financial backing positions it well for sustained growth. The company’s leadership team has consistently emphasized that strategic partnerships with institutions like Monarch Private Capital are critical to unlocking the capital required for a clean energy transition.
