Washington, D.C. – December 22,2025 – NT Solar, a subsidiary of the National Trust Community Investment Corporation (NTCIC), announces that Karin Berry, Managing Director, will retire at the end of the year. Paul Holshouser, currently Director of Solar Transactions, will step into the leadership role starting on January 1st, continuing NT Solar’s mission to deliver impactful renewable energy investments.
In 2024 alone, the U.S. added more than 30 gigawatts of solar capacity, according to the Solar Energy Industries Association (SEIA). That’s enough to power over 5 million homes—and the momentum isn’t slowing down
Celebrating Karin Berry’s Legacy
Karin Berry has been a major player in the renewable energy space for over 30 years, with experience spanning international energy policy, government service, and private sector investment. Before joining NT Solar, Karin advanced clean energy initiatives in the public sector, including her work at the U.S. Trade Representative’s office, where she focused on international energy policy and government service. She later held leadership roles at PNC Energy Capital and Guggenheim Capital Markets, helping drive the adoption of renewable technologies and innovative investment strategies across diverse markets.
During her tenure as the inaugural Managing Director of NT Solar, Karin Berry led origination, structuring, and closing of renewable energy tax credit investments, building deep relationships with investors and developers nationwide. Her leadership helped expand NT Solar’s reach and reputation, and she leaves a legacy of integrity, innovation, and community impact. Since joining NT Solar in 2015, she has overseen solar tax credit investments and managed a rapidly growing portfolio of renewable projects, responsible for over $1 billion in tax credit investments.
I will miss the NTCIC team and our all-in commitment to delivering community benefit. Of course, I’ll still be doing what I can to support this community in my retired life!
Paul Holshouser Named Director of NT Solar
Paul Holshouser brings more than 15 years of experience in wind and solar energy, with a background in project finance, business development, and energy policy. Since joining NT Solar in 2024 as Director of Solar Transactions, he has managed closings and fundings for renewable energy tax credit investments, working closely with investor and developer partners. Prior to joining NT Solar, Paul led finance at Distributed Sun and served as a tax policy specialist at the American Wind Energy Association.
“I am honored and excited to carry forward NT Solar’s legacy—serving investors by delivering strong returns and lasting community benefits,” said Paul. “Karin built a platform at NT Solar that is poised for continued success and industry leadership. It is our dedication to superior customer service that will continue to satisfy investors and developers alike.
“Karin’s vision and dedication have shaped NT Solar into a trusted partner for investors and developers. We are grateful for her leadership and excited to welcome Paul as NT Solar’s new Director. His expertise and energy will guide NT Solar into its next chapter.”
NT Solar, an affiliate and wholly owned subsidiary of NTCIC, is a leading national investment service provider, directing capital to solar and storage projects that power local communities. The team provides end-to-end support, from sourcing and diligence through closing and ongoing reporting, leveraging Renewable Energy credits to advance environmental progress and economic opportunity. More about NT Solar →
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Since our inception in 2012, NT Solar has helped investors navigate Solar Investment Tax Credits and reach their Environmental Social and Governance (ESG) goals. We work to pair investors with the right solar project that will bring cost-effective energy options and growth to low-income communities, improve tax efficiency, and drive ESG initiatives.
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Total Development Cost
$8.6Million
NT Solar Financing
$3.3 Million
Megawatts
1.31
Number of Sites
1
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.
The 1.36 MW installations will generate an estimated 1.77 million kilowatt-hours (kWh) annually, which:
- Creates enough electricity to power nearly 135 homes each year
- Offsets CO2 emissions generated from burning nearly 860,000 pounds of coal annually
- Sequesters the same amount of carbon from the atmosphere as over 784 acres of forest
- Offsets the CO2 emissions generated from consuming 87,000 gallons of gasoline annually
About Prometheus Power Group
Prometheus Power Group is a developer and operator of community solar projects in the Northeastern, Mid-Atlantic, Midwestern, and Mountain West of the United States. The team has 150 MW in projects developed or in their near-term pipeline. Prometheus led the acquisition of the Eastport project from the original project developer, MidCoast Solar LLC, to their operating venture, Nugenics Solar LLC. To learn more about Prometheus Power Group, click here.
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Since our inception in 2012, NT Solar has helped investors navigate Solar Investment Tax Credits and reach their Environmental Social and Governance (ESG) goals. We work to pair investors with the right solar project that will bring cost-effective energy options and growth to low-income communities, improve tax efficiency, and drive ESG initiatives.
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NT Solar Financing
$65 Million
Megawatts
58.4
Project Site
CA
NT Solar’s largest portfolio investment to date involved the financing of $65 million in solar investment tax credits (ITCs) for a portfolio of 100 solar installations across California. This milestone investment is in partnership with ForeFront Power, a leading developer and long-term owner-operator of solar energy and storage projects.
This portfolio, developed end-to-end by ForeFront Power and with a development cost totaling over $200 million, will provide renewable energy for 64 California schools that support thousands of students from K-12, as well as connecting to four city utility services and several of the largest counties in the state. Soon, hundreds of thousands of residents will be able to benefit from energy savings provided by these installations. This investment underscores NT Solar’s commitment to investing in renewable energy that serves a broad community base, contributing to a sustainable future for all.
The portfolio primarily consists of “canopy” systems, in which the panels are elevated over parking lots, allowing cars to park underneath. In addition to delivering significant environmental benefits and customer savings, this development style reduces the need for construction on undeveloped land and gives sprawling parking lots productive use.
Several installations within this portfolio will also qualify for various additional credits, or “adders,” for being located within an “energy community.” Released as part of the Inflation Reduction Act (IRA), energy communities are designated locations that have experienced economic or environmental hardships as a result of the fossil fuel industry.
NT Solar provided an initial investment in April for a 48.5 Megawatt DC portfolio of 79 solar installations. In July, NT Solar further invested in an expansion of the same portfolio, increasing the total installation count to 100 and the capacity to 58.4 MW. This additional investment brought the total financing to $65 million in ITCs, marking this as the largest investment by installation count in NT Solar’s history.
The 58.4 Megawatt (MW) portfolio will generate an estimated 17.5 gigawatt-hours (GWh) over the life of the project, which:
- Creates enough electricity to take nearly 2,500 homes off the grid
- Is the equivalent of burning nearly 14 million pounds of coal
- Sequesters the same amount of carbon from the atmosphere as over 14 thousand acres of forest
- Offsets the CO2 emissions generated from consuming 1.4 million gallons of gasoline annually
About Prometheus Power Group
ForeFront Power is a leading developer of commercial and industrial-scale (C&I) solar energy and battery storage projects in the U.S. and Mexico, also offering vehicle fleet electrification services. The ForeFront Power team has 15 years of experience working together to develop more than 1,400 behind-the-meter and community solar projects, totaling more than 1.1 gigawatt-DC of renewable electricity. ForeFront Power serves business, government, education, healthcare, and community solar customers with a broad array of development, asset management, and advisory services from its San Francisco headquarters and via teams based in New York, Mexico City, and across the U.S. through a hybrid work model. To learn more, visit www.forefrontpower.com.
Invest With Us
Since our inception in 2012, NT Solar has helped investors navigate Solar Investment Tax Credits and reach their Environmental Social and Governance (ESG) goals. We work to pair investors with the right solar project that will bring cost-effective energy options and growth to low-income communities, improve tax efficiency, and drive ESG initiatives.
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Washington, D.C., July 25, 2023 – NT Solar is proud to announce the successful equity placement of solar tax credits generated by the development of two standalone Tesla MegaPack battery storage systems in New York City in partnership with Summit Ridge Energy, the nation’s leading commercial solar and energy storage company.
Once complete, the 31 MWh-capacity system will provide bill credits to the NYU Langone Hospital, one of the nation’s premier academic medical centers, serving more than 60,000 patients annually. The hospital signed an offtake agreement to purchase bill credits from the Energy Storage System to support its sustainability goals.
Summit Ridge Energy and NT Solar are working together to make electric supply more resilient and provide clean energy savings for NYU Langone Hospital. Our ongoing partnership with NT Solar supports our goal of strengthening New York City’s grid while lowering power bills for the city’s major institutions.
Power in Partnerships
As part of the hospital’s commitment to becoming a carbon-neutral health system by 2050 and 50% neutral by 2030, the hospital will utilize stored energy within the battery systems during peak hours, reducing the hospital’s demand on the grid during periods of high electricity consumption in NYC, thereby increasing grid resiliency.
Battery storage systems provide a host of benefits to both the grid and consumers, including cost savings, environmental benefits, and efficient, dispatchable delivery of electricity.
These installations will provide flexibility to the grid, a critical component of reliability and resilience, allowing utilities to integrate more intermittent renewable power sources into the grid mix. By smoothing out the delivery of variable renewable resources such as wind and solar, battery storage systems supply power produced during non-peak hours to the grid when demand is highest. As the grid’s energy supply mix gets cleaner, energy storage will be a critical dispatchable electricity resource, offsetting the need for fossil fuel peak-power plants.
The installations, which will reach commercial operation in mid-2023, were spearheaded by Summit Ridge Energy. In addition to the ITC investment, NT Solar will provide compliance, reporting, and asset management services through the investment cycle.
This is NT Solar’s first stand-alone battery storage investment and the fourth portfolio investment with Summit Ridge Energy, both made possible through NT Solar’s Climate Impact and Revitalization Fund. NT Solar first partnered with Summit Ridge Energy in 2020 to provide an equity investment in the solar tax credits generated by the creation of a portfolio of twelve ground- and roof-mounted sites across Illinois and Maryland, the largest roof-mounted solar installation in the country.
“Summit Ridge Energy and NT Solar are working together to make electric supply more resilient and provide clean energy savings for NYU Langone Hospital,” said Adam Kuehne, Chief Investment Officer, Summit Ridge Energy. “Our ongoing partnership with NT Solar supports our goal of strengthening New York City’s grid while lowering power bills for the city’s major institutions.”
To read the full PR Newswire release, click here.
About NT Solar
NT Solar, a division of the National Trust Community Investment Corporation (NTCIC), provides tax credit equity for renewable energy projects that deliver measurable community benefits. NT Solar specializes in community solar, energy storage, and projects that serve low-income households or are located in historically underserved areas. Visit www.nt.solar to learn more.
About Summit Ridge Energy
Launched in 2017, Summit Ridge Energy is the nation’s leading commercial solar company. Through its strategic partnerships and project financing expertise, the company develops and acquires pre-operational projects within the rapidly growing solar energy and battery storage sectors. In the past five years, SRE has deployed over $1.6B USD into clean energy assets. With a development pipeline of more than 2 GW, SRE will have more than 400 MW of PV online by the end of 2023, providing solar power to approximately 50,000 homes. Learn more at srenergy.com and follow us on LinkedIn and Twitter.
Invest With Us
Since our inception in 2012, NT Solar has helped investors navigate Solar Investment Tax Credits and reach their Environmental Social and Governance (ESG) goals. We work to pair investors with the right solar project that will bring cost-effective energy options and growth to low-income communities, improve tax efficiency, and drive ESG initiatives.
Ready to Inspire a Sustainable Future?
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Washington, D.C., July 25, 2023 – NT Solar is proud to announce the successful equity placement of over $7 million in solar tax credits generated by the development of two community solar installations across Massachusetts and Connecticut in partnership with Lodestar Energy, one of the most established Independent Owner Operators in the Northeast United States. This is NT Solar’s 6th investment with Lodestar.
Reaching mechanical completion in April of 2023, the combined 11.5-Megawatt ground-mount solar and solar plus battery storage systems will provide renewable energy to the City of Hartford along with six public housing authorities across Massachusetts which are responsible for nearly 3,000 affordable housing units.
Lodestar Energy is excited to complete our 6th investment with NT Solar. With their support, we are able to provide our community solar partners with an opportunity to make progress toward their climate goals, while also generating economic development and energy savings.
The installations developed by Lodestar Energy will generate nearly 9 gigawatt-hours (GWh) annually, which:
Power in Partnerships
As part of the hospital’s commitment to becoming a carbon-neutral health system by 2050 and 50% neutral by 2030, the hospital will utilize stored energy within the battery systems during peak hours, reducing the hospital’s demand on the grid during periods of high electricity consumption in NYC, thereby increasing grid resiliency.
Battery storage systems provide a host of benefits to both the grid and consumers, including cost savings, environmental benefits, and efficient, dispatchable delivery of electricity.
These installations will provide flexibility to the grid, a critical component of reliability and resilience, allowing utilities to integrate more intermittent renewable power sources into the grid mix. By smoothing out the delivery of variable renewable resources such as wind and solar, battery storage systems supply power produced during non-peak hours to the grid when demand is highest. As the grid’s energy supply mix gets cleaner, energy storage will be a critical dispatchable electricity resource, offsetting the need for fossil fuel peak-power plants.
The installations, which will reach commercial operation in mid-2023, were spearheaded by Summit Ridge Energy. In addition to the ITC investment, NT Solar will provide compliance, reporting, and asset management services through the investment cycle.
This is NT Solar’s first stand-alone battery storage investment and the fourth portfolio investment with Summit Ridge Energy, both made possible through NT Solar’s Climate Impact and Revitalization Fund. NT Solar first partnered with Summit Ridge Energy in 2020 to provide an equity investment in the solar tax credits generated by the creation of a portfolio of twelve ground- and roof-mounted sites across Illinois and Maryland, the largest roof-mounted solar installation in the country.
“Summit Ridge Energy and NT Solar are working together to make electric supply more resilient and provide clean energy savings for NYU Langone Hospital,” said Adam Kuehne, Chief Investment Officer, Summit Ridge Energy. “Our ongoing partnership with NT Solar supports our goal of strengthening New York City’s grid while lowering power bills for the city’s major institutions.”
To read the full PR Newswire release, click here.
About NT Solar
NT Solar, a division of the National Trust Community Investment Corporation (NTCIC), provides tax credit equity for renewable energy projects that deliver measurable community benefits. NT Solar specializes in community solar, energy storage, and projects that serve low-income households or are located in historically underserved areas. Visit www.nt.solar to learn more.
About Summit Ridge Energy
Launched in 2017, Summit Ridge Energy is the nation’s leading commercial solar company. Through its strategic partnerships and project financing expertise, the company develops and acquires pre-operational projects within the rapidly growing solar energy and battery storage sectors. In the past five years, SRE has deployed over $1.6B USD into clean energy assets. With a development pipeline of more than 2 GW, SRE will have more than 400 MW of PV online by the end of 2023, providing solar power to approximately 50,000 homes. Learn more at srenergy.com and follow us on LinkedIn and Twitter.
Invest With Us
Since our inception in 2012, NT Solar has helped investors navigate Solar Investment Tax Credits and reach their Environmental Social and Governance (ESG) goals. We work to pair investors with the right solar project that will bring cost-effective energy options and growth to low-income communities, improve tax efficiency, and drive ESG initiatives.
Ready to Inspire a Sustainable Future?
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
Total Development Cost
$19 Million
NT Solar Financing
$5.6 Million
Megawatts
5.6
Number of Sites
1
NT Solar facilitated an investment in the $5.6 million solar investment tax credits (ITCs) generated by Lodestar Energy LLC’s development of a solar photovoltaic (PV) installation built on a parking canopy with a 2 Megawatt (MW) battery storage system located in Lancaster, Massachusetts. Lodestar is an established northeast developer with more than 100 Megawatts (MW) in completed installations. The installation will sell power under the Massachusetts “Solar Massachusetts Renewable Target” or SMART program to the regional school system and local residences. This installation will provide a 10% discount to retail rates for traditional energy.
“We are excited to complete our fifth tax equity financing with NTCIC and are very proud of the work we’ve done as a team to bring new renewable electricity generation to local communities across the northeast,” said Jack Funk, Managing Partner of Lodestar Energy.
The 5.6 MW installation will generate an estimated 5.8 million kilowatt-hours (kWh) per year of renewable energy annually, which:
- Creates enough electricity to take nearly 495 homes off the grid each year
- Is the equivalent of burning over 4.5 million pounds of coal each year
- Sequesters the same amount of carbon from the atmosphere as nearly 5,000 acres of forest
- Offsets the CO2 emissions generated from consuming 462 thousand gallons of gasoline annually
About Lodestar Energy, LLC
Founded in 2014, by Jeff Macel and Jaime Smith, Lodestar Energy’s goal is to develop great solar energy projects that are environmentally, socially, and financially successful. Since that time, Lodestar has successfully completed more than 30 projects with a combined value of more than $200 million dollars, which offset more than 53,000 tons of CO2 and power the equivalent of more than 13,000 homes annually.
Invest With Us
Since our inception in 2012, NT Solar has helped investors navigate Solar Investment Tax Credits and reach their Environmental Social and Governance (ESG) goals. We work to pair investors with the right solar project that will bring cost-effective energy options and growth to low-income communities, improve tax efficiency, and drive ESG initiatives.
Ready to Inspire a Sustainable Future?
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
NT Solar Financing
$28 Million
Megawatts
28
Number of Sites
7
In 2022, NT Solar provided a tax equity investment in the $28 million solar investment tax credits (ITCs) generated by the development of seven installations in New Jersey and a follow-on expansion investment in late 2023 for two installations in New York. These were NT Solar’s first two investments in partnership with Dimension Energy, a leading developer, owner, and operator of community solar. Placing in service in late 2023 and 2024, the nine rooftop and ground-mount sites provide cost-effective community solar solutions to local residents.
This investment was made through the Climate Impact & Revitalization Fund, established in 2020 by NT Solar and its parent organization, the National Trust Community Investment Corporation. The fund represents the collective efforts of NTCIC and NT Solar in providing capital to support decarbonization and climate change mitigation projects that make clean energy accessible and more affordable to local communities.
The 28-megawatt (MW) portfolio will generate an estimated 37 gigawatt-hours (GWh) over the life of the project, which:
About Dimension Energy
Dimension Energy is a leading developer, owner, and operator of turn-key community solar solutions, having deployed more than 400 megawatts and $400 million into clean energy assets since its founding in 2018. Dimension plans to invest an additional $2.5 billion over the next 5 years, with more than 2.2 gigawatts of projects currently under development across 11 states. Dimension fosters long-term partnerships with each community it serves, investing in local green job creation through workforce training programs and STEM education. For additional information about Dimension, please visit www.dimension-energy.com
Invest With Us
Since our inception in 2012, NT Solar has helped investors navigate Solar Investment Tax Credits and reach their Environmental Social and Governance (ESG) goals. We work to pair investors with the right solar project that will bring cost-effective energy options and growth to low-income communities, improve tax efficiency, and drive ESG initiatives.
Ready to Inspire a Sustainable Future?
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact