Agilitas Energy Secures Financing From 1st Source Bank To Expand Renewable Energy Across the U.S.

Agilitas Energy, the largest developer and operator of solar and energy storage systems in the northeastern U.S., has secured financing from 1st Source Bank to support its national expansion. This funding will help Agilitas deliver reliable, cost-effective renewable energy across the country. As a trusted financial partner since 2020, 1st Source Bank provided a custom financing package, including a construction loan and tax equity financing, tailored to Agilitas’ needs.

These funds will be used to connect renewable energy storage projects in Bristol, Vermont, and Patchogue, New York, to the grid. The Bristol project is already operational, while the Patchogue project is set to launch in 2025. The financing will also support Agilitas’ nationwide expansion by funding equipment purchases and interconnection deposits. With this backing, Agilitas can focus its own capital on growing its project pipeline, ensuring continued growth and success in the renewable energy sector.

Ryan Fenstermaker, division head of Solar Financing at 1st Source Bank, said in a statement, “1st Source Bank is proud to support Agilitas Energy and its full value chain business model as it continues to deliver renewable energy projects to the grid, benefiting local communities. The all-in-one debt and tax equity product at 1st Source Bank, along with our flexibility and responsiveness, continues to be innovative in the marketplace, helping to advance the energy sector on a variety of asset classes and financing structures.”