Creating Solar Opportunities For Non-Profit Organizations
The CollectiveSun Prepaid Service Contract offering is similar to a solar PPA (Power Purchase Agreement). Customers will also have the option to include a C-PACE product as an add-on to their agreement with CollectiveSun and is offered in partnership with GreenWorks.
Partnering with CollectiveSun, Greentech Renewables offers a comprehensive financing option for not-for-profit and tax-exempt organizations pursuing their next solar project. Tax-exempt entities can now take advantage of previously inaccessible solar tax credits.
CollectiveSun is able to take advantage of the solar tax benefits that non-profit organizations lose out on so that they can pass those savings onto specialty commercial solar customers including all manner of non-profit organizations such as:
- Houses of worship
- HOAs
- Municipalities
- Schools
- Social Services
- Museums
- Animal Shelters, and more!
Some key benefits of the CollectiveSun Prepaid Service Contract include:
- No out-of-pocket cost
- Discounts starting at 12% of the total project cost via solar tax credit monetization
- Free instant agreement generator
- System performance guarantee and monitoring provided by CollectiveSun
- Option to take ownership of the installed solar system after a 6-year term at zero additional cost
- No additional cost from an overproduction of power
- Non-profits are responsible for, at maximum, 88% of the total project cost which can be funded through PACE, crowdlending, cash reserves, donations, program-related investment loans, lenders chosen by the nonprofit and by lenders introduced by Cornerstone or other nonprofit specialty lenders which can be introduced by CollectiveSun.
The process is simple. CollectiveSun will work with any installer selected by the non-profit. Following construction, CollectiveSun will own, operate, and maintain the system for 6 years. After that term ends, ownership transfers to the non-profit at no additional cost.
Learn more about CollectiveSun non-profit solar financing
To start the conversation about a CollectiveSun Prepaid Service Agreement with a Cornerstone Commercial Finance team member for your next project, simply fill out the form here.