Wells Fargo Contributes $80,000 to GRID Alternatives

Wells Fargo & Company (NYSE:WFC) contributed $80,000 to GRID Alternatives, a nonprofit that installs solar electricity systems for low-income homeowners, to expand its Solar Affordable Housing Program and build a model that can be replicated nationwide. The non-profit has installed over 200 solar electric systems for low-income homeowners that will generate $3.3 million in clean renewable power and reduce of greenhouse gas emissions by 10,000 tons a year.

“We’re committed to supporting clean, renewable energy and have invested in large-scale wind and solar projects nationwide,” said Barry Neal, director of Environmental Finance. “Our contribution to GRID Alternatives supports the deployment of solar electric systems to low-income families who can benefit the most from related cost savings in their electricity bills.”

GRID Alternatives (gridalternatives.org) trains and leads teams of community volunteers and job trainees to install solar electric systems for low-income homeowners. The organization launched its Solar Affordable Housing Program in 2004 and currently operates in communities in Northern and Southern California in partnership with local governments and nonprofits like Habitat for Humanity.

“This investment from Wells Fargo is helping GRID Alternatives grow rapidly to bring solar power to more low-income communities,” said Erica Mackie, Executive Director and Co-Founder of GRID Alternatives.

Wells Fargo integrates environmental responsibility into its business practices and operation. This year it launched a Solar Home Program to support the development of new solar homes in California. Learn more at wellsfargo.com/environment.

Wells Fargo & Company is a diversified financial services company with $622 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest possible credit rating from both Moody’s Investors Service, “Aaa,” and Standard & Poor’s Ratings Services, “AAA.”

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