Beach CIties Solar Consulting

Solar For Non Profits

Solar energy is the future! Whether you want to lower your utility costs or focus on saving the environment, Beach Cities Solar Consulting can help. Don’t hesitate to reach out so we can help you explore different options for going solar.

PACIFIC UNITARIAN CHURCH RANCHO PALOS VERDES CALIFORNIA

Ballasted (No roof penetration) Solar Installation

Benefits of Solar for Non-Profits

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    Reduce Expenses

    Solar power and energy storage reduce operational costs for non-profits. Utility bills place a huge burden on non-profits since they take money away from the cause and rise every year. By harnessing solar energy and storage technology a non-profit can meaningfully reduce monthly expenses and save a lot of money in the long run.

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    Good for the Environment

    Solar energy is, of course, good for the environment. Procuring your energy from the sun means you’ll lower your carbon footprint. You won’t be using energy from coal and natural gas, which are responsible for high percentages of carbon dioxide emissions. Instead, you’ll be using renewable energy sources that are emissions-free.

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    Inspire Your Community

    Another huge benefit of using solar energy is that you’ll have a larger impact on your community. You’ll set an example and inspire others to use renewable energy. Anyone can support an organization that uses natural energy, so you’ll have more luck attracting new donors! The solar industry also creates a lot of jobs, so by using it, you’ll be supporting the local economy.

Benefits of Solar for Nonprofits

There are numerous advantages to installing a solar panel system in an organization, especially nonprofits. From financial benefits to environmental, economic, and social advantages, solar can reward your nonprofit tremendously.

Financial Benefits

A solar system reduces the operation costs of nonprofits, leaving more funds to support your cause. The extent of savings a solar panel system can generate for nonprofits depends on different factors. Factors include an organization’s geographical location, current electricity rates, and its solar system size. On average, a non-profit with 25,000 + square feet will save hundreds of thousands of dollars during its 30-year-plus lifespan.

In addition to the financial rewards, solar protects organizations from rising electricity rates. Utilities are well-known for their annual rate increases and with millions of ratepayers defecting from the grid utilities will continue to raise rates on non-solar customers to make up for lost revenue.  

Financial Benefits

Solar energy has enormous benefits for the U.S. economy. According to the Department of Energy, the solar industry provides more jobs than the fossil fuel industry. A solar installation requires workers to market, sell, plan, design, build, and maintain projects.

In addition to the financial rewards, solar protects organizations from rising electricity rates. Utilities are well-known for their annual rate increases and with millions of ratepayers defecting from the grid utilities will continue to raise rates on non-solar customers to make up for lost revenue.  

Environmental Benefits

Many nonprofits care about the environment, and solar can help you generate cleaner and greener energy. Installing solar reduces your organization’s carbon footprint as you reduce CO2 emissions from fossil fuel consumption.  Dangerous pollution effects such as global warming and rising sea levels diminish as more organizations use solar. Your nonprofit organization can contribute to a better world by adopting a solar system.

In addition to the financial rewards, solar protects organizations from rising electricity rates. Utilities are well-known for their annual rate increases and with millions of ratepayers defecting from the grid utilities will continue to raise rates on non-solar customers to make up for lost revenue.  

Solar Financing for Nonprofits: Solving the Tax Credit Problem

Despite the many benefits of solar energy, many nonprofits lack adequate funding to install a solar system. Residential and commercial properties find it easier to obtain financing to install a solar system. They also enjoy numerous financial incentives for owning a solar panel system that nonprofits can’t access.

The federal investment tax credit is the most significant solar financial incentive to residential and commercial properties. They receive a tax credit worth 26% of the installation cost of the system. However, nonprofits don’t have a tax liability, which means they can’t take advantage of local and federal tax credits on solar systems. This extends the payback period for owning a solar system and lowers overall savings.

Due to this unique problem many nonprofit organizations utilize other methods to finance their solar panel system installation. Rather than owning a system, they obtain financing through a third-party Power Purchase Agreement (PPA) agreement. These PPAs are $0-down, meaning that they don’t require any upfront investment.

With a solar PPA, the financier is responsible for the system over the agreed contract term, typically 25 years. This third-party owns and funds the solar installation and maintenance costs of the system. In return, they receive the tax credits and other financial incentives available for the system’s owner, and 25 year fixed income stream. Nonprofits can expect to save in the neighborhood of 10% to 15% off their annual electricity bill with a solar PPA.  

If your nonprofit is interested in a solar PPA, please reach out to us here to get the process started to see how much money your organization can save over the next 25 years!

In addition to the financial rewards, solar protects organizations from rising electricity rates. Utilities are well-known for their annual rate increases and with millions of ratepayers defecting from the grid utilities will continue to raise rates on non-solar customers to make up for lost revenue.  

 

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    ST. LUKE’S PRESBYTERIAN CHURCH RANCHO PALOS VERDES, CA

    Non-Profit Solar Financing

    Do you absolutely love the idea of going green, but the financial aspect is worrying you? Luckily, there are lots of ways to fund your solar and energy storage project!
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      Power Purchase Agreement

      A Power Purchase Agreement (or PPA) is the most common way for non-profits to go solar. With a PPA, a third party will install and own the solar system on your roof. There is no upfront cost to the non-profit. The non-profit will benefit from lower electricity costs and ongoing maintenance support. These agreements are typically for 20 or 25 years.

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      Fundraising

      Raising funds for a solar project isn’t easy, but it’s so worth it. You’ll be asking donors to invest in a system that will save money in the long run! You’ll be able to allocate many more resources toward your organization’s mission once you install a solar system.

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