The fees are charged to the issuer, not to you as an investor. We charge 5% of the total amount raised in addition to 0.5% per year to cover the third-party service fees. For more information consult our Compensation Disclosures.

To date the projects on Climatize have not had a default, and all payments to investors have occurred in full and on time.

As an additional provision, some of the projects have a reserve account. The issuer  may use the reserve account for continued operations.

Please note that past performance is not indicative of future returns. As with any investment, projects hosted on Climatize’s platform carry a risk of underperformance or loss.

You can review all available investment opportunities by downloading our app here.

The term of each project is clearly stated in the Climatize app. Most projects on the platform have a term of either 2 years or 5 years. In some cases, the investment term may be shorter if the project development process happens more quickly – specific term scenarios can be found in the accompanying investment documents within the project in the Climatize app. Investments are not currently liquid, we are not actively working to institute liquidity measures, and investors should be prepared to hold their investment to term.

No, returns are not guaranteed. Climatize does a lot of work upfront – and on an ongoing basis – to mitigate default risk, however, investors should be aware that returns are not guaranteed. Interested investors should review the project’s Project Summary and Form C documentation which is located in the Financial tab within each project before making an investment decision. The documents can be downloaded from within the Climatize app and they will provide a thorough breakdown of the investment opportunity.

As with any investment, an investment into a project via the Climatize platform carries a risk of underperformance or loss. Climatize does a lot of work upfront – and on an ongoing basis – to mitigate default risk, however, investors should be aware that under certain circumstances the projects may not deliver the projected returns.

While some of the project offerings are dependent on project performance, others are backed by grant funding and the monetization of the investment tax credits (ITC). In this case, the project may be supported by either the grant or monetization of the ITC as opposed to production.

Interested investors should review the project’s investment documents before making an investment decision. Project documents such as the Project Summary and the Form C for any project can be downloaded from the Financial tab on each project within the Climatize app. The documents provide a thorough breakdown of the investment opportunity.

In the case of renewable energy projects on our platform, the promissory notes are typically secured by the underlying assets, as well as the future energy revenues that those assets may produce.,Climatize is currently working to establish relationships with outside firms so that in the event of default, these firms, which specialize in M&A of solar assets, will be contacted to acquire the asset, provide a recovery for investors, assist investors with making decisions regarding viability and operation of the solar project, as well as moving forward and holding, owning, and operating it. The strategies used to recover value from collateral are expected to depend on many factors, but may include operating the asset on an ongoing basis or liquidating the asset.

For specifics around what would happen in the event of default for each project on our platform we encourage potential investors to review the capital recovery process as it is covered in the Form C of each offering, in the Events of Default and Remedies section.

Please note that this information is to be considered for informational purposes only which should not be considered investment advice.

If a project goes bankrupt the solar project developer would assign ownership of the LLC to the crowd funding investors. 

If and when a project achieves its funding goal (i.e. a project raises the total requested amount from investors on the platform) within the specified investment window, the collected funds will be distributed to the developer from the offering’s escrow account. 

Examples of payment schedules for previously funded projects on Climatize’s platform has been as follows:

5 year term investment (8% projected rate of return – accrued quarterly):

• Interest only payments on outstanding principal paid quarterly for the term of the investment as outlined in the Form C offering memorandum which is available on the Financial tab of each project.
• A lump sum principal repayment at the term of the investment, i.e. 5 years
• In the event of an early repayment, investors would receive the outstanding principal and interest as a lump sum.

2 year term investment (10% projected rate of return – accrued monthly):

• Milestone based interest and principal repayments, for example:
  • Milestone 1: 50% repayment of interest and principal once a project receives and monetizes Investment Tax Credit
  • Milestone 2: 50% repayment of interest and principal once a project receives US Department of Agriculture’s Rural  Energy for America Program (REAP)

Please note, that a developer does have the option to pay principal back more quickly than the stated term of the investment. In that case the Issuer will return earned interest along with principal back to investors ahead of the end of the term. 

Due to the time it takes for ACH transactions to be processed, it may take 3-7 business days for the deposit to appear on your monthly bank account statement. 

Please note that this information is to be considered for informational purposes only which should not be considered investment advice.

In the event the project does not meet the minimum goal, money will be returned to investors at no cost for the investor. 

Yes, you can cancel your investment from the time you complete the investment up until 48 hours before the investment time frame for a project ends on our platform. 

If you do those to cancel, the earliest date you would receive a payment refund is 60 days following the date the funds are first posted to the escrow account. This policy is implemented to prevent fraudulent activity related to ACH chargebacks by bad actors taking advantage of the 60-day return window.

Once an investment has been issued, you cannot cancel your investment. In the case of extenuating circumstances, please contact us at [email protected] and we will do our best to accommodate your needs.

You cannot decrease the amount invested but you can cancel our investment from the time you complete the investment up until 48 hours before the investment time frame for a project ends on our platform and make a new investment with the desired amount. 

Once an investment has been issued, you cannot cancel the investment.

Climatize completes a due diligence process on the project before enabling the borrower to launch a new offering on the platform, which includes ensuring the borrower’s creditworthiness. Climatize has developed a standardized solar project due diligence process, implementing best practices in collaboration with other financiers in the solar space through the National Community Solar Partnership (NCSP) via the Lenders Working Group. The process was supervised by the US Department of Energy (DOE) and National Renewable Energy Labs (NREL). Climatize’s due diligence on a specific offering is compiled in a document named Form C and in a project Summary. To access both the Form C and the Summary of a specific project offering please go to the Climatize App > Projects (Bottom left corner) > Learn more tab of projects you are interested in > Financial section.

To date, projects hosted on the Climatize platform have had 2 distinct investment profiles with similar protections in place, which are shared below. Investment protections are offering specific, so we highly encourage you to review the specific project offering before making any decisions. The project offering specific information can be found in the project offering’s Form C. To access the Form C of a specific project offering please go to the Climatize App > Projects (Bottom left corner) > Learn more tab of projects you are interested in > Financial section. 

Examples of loan protections currently in place: 

The 8%, 5 Year Term Promissory Notes:

• Rank and Limitation on Liens: “You are purchasing a secured loan in first lien position collateralized with an unfettered assignment contract for revenues for twenty years to be repaid by [issuer]. While the secured loan in first lien position is outstanding, the Company will not permit or create any liens on its assets other than liens for the purchase price money liens of/for future property acquired in the ordinary course of business, or those associated with contractors during project construction. While the secured loan in first lien position is outstanding, the Company will not permit or create any liens on its assets other than liens for the purchase price money liens of/for future property acquired in the ordinary course of business, or those associated with contractors during project construction. 
• Events of Default and Remedies: Upon the occurrence and during the continuance of an Event of Default, holders may petition the Company for the Loans to become due and payable immediately. If the Company receives such petitions from holders owning more than 30% of the outstanding principal of the Loans, Company shall pay all outstanding principal and interest on the Loans without further demand. Upon the occurrence and during the continuance of an Event of Default, interest will accrue at an annual rate of 8%. (in certain offerings the interest ramps up) 

The 10%, 2 Year Term Promissory Notes: 

• These projects have secured a grant through the USDA’s Rural Electrification for America Program (REAP) and the Investment Tax Credit. This means that 50% of the project cost will be paid back to the developer in the form of grants or tax credits from the federal government. Funds raised will be used to build the installation and unlock the incentives that allow repayment for project backers.
• Investors in these 2 Year Term Promissory Note projects should expect to receive repayments based on the following milestones:
  1. Milestone based interest and principal repayments, for example:
     • Milestone 1: 50% repayment of interest and principal once a project receives Investment Tax Credit
     • Milestone 2: 50% repayment of interest and principal once a project receives USDA’s Rural Electrification for America Program (REAP)
     • The outstanding amount will be covered by the developer. 

Please note that this information is to be considered for informational purposes only which should not be considered investment advice.

Climatize currently notifies developers of their upcoming payments to ensure timely repayment. Investment payments are made into a custody account managed by a broker dealer partner that Climatize uses for certain functions. Upon making a payment into the custody account, funds are then distributed by North Capital, Climatize’s Broker Deal partner, to investors on a pro rata basis.

Payments on the 8%, 5 Year Term Promissory Notes will be scheduled to be paid as described on the distribution schedule which is accessible on the Learn Mode tab of each project post-funding completion.

Payments on the 10%, 2 Year Term Promissory Notes will be scheduled to be paid as soon as milestone(s) have been achieved by the developer, and the developer has repaid their interest and principal to Climatize.

Subject to Regulation Crowdfunding investment limits, anyone who has a US bank account and is over the age of 18 can invest in projects on Climatize. 

Investment opportunities posted and accessible through the site are Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through Climatize Earth Securities, LLC.

Climatize Earth Securities LLC is Registered with the Securities and Exchange Commission (SEC) and is a Financial Industry Regulatory Authority (FINRA) Member under Section 4(a)(6) of the United States Securities Act, SEC File No: 7-360.