SOLAR ENERGY FOR NONPROFIT ORGANIZATIONS

SAVING NONPROFITS MONEY ON ENERGY EXPENSES

Solar Energy Helps Nonprofits Save Money

Non-profits can realize long-term savings by investing in solar energy. With fixed, predictable energy costs, organizations can streamline budgets to help the communities they serve.

Financing Solar For Nonprofits

Because nonprofits are tax-exempt, they are unable to take advantage of the Federal Investment Tax Credit (ITC). And many nonprofits don’t have the funds to install a solar panel system. SunVest Solar helps our nonprofit customers explore all the financing options, including leasing or power purchase agreements (PPA), where allowed.

With a PPA, SunVest builds and owns the system and covers the cost of installation and maintenance for the life of the agreement. We then sell the solar power to the customer at a fixed rate, typically at a lower cost than the local utility.

Lease Agreement

With a lease agreement, the customer leases solar equipment from SunVest and benefits from the solar power generated. In return, SunVest benefits from the tax credits and incentives available to owners.

Alternatively, a nonprofit might choose to pursue grant funding. SunVest can help identify potential grants and even assist with grant writing. Check out some of our nonprofit projects for more information.

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Contact us today to set your organization towards clean, renewable energy.