2022 Product Commercialization and Market Development Awardee: Bergey Windpower

In 2023, consumers will finance more than 80% of the residential solar energy systems they purchase, which they use as collateral (called "non-recourse loans"). Similar loans are not yet offered to fund distributed wind energy systems. To accelerate deployment of small wind systems, which power individual rural homes and farms, the United States will need to make consumer loans available at reasonable rates with modest downpayments and collateral requirements. A team led by Bergey Windpower Co. is creating new consumer financing options to reduce or eliminate the upfront cash needed to buy distributed wind energy systems. This new financing structure would decrease purchase costs for small wind turbines produced by Bergey Windpower and possibly other manufacturers. Product financing is instrumental in growing wind power market share, clean energy manufacturing, and installation jobs while reducing greenhouse gas emissions. Bergey Windpower's previous Competitiveness Improvement Project (CIP) awards have led to the development of affordable, high-performance wind turbines, microgrids, and components.