23 Apr '14, 5pm

Three New Finance Models for Non-Profits to Go Solar

There have generally been two main financial challenges for non-profits interested in going solar. First is the lack of funds or credit availability for purchasing a solar system. The second issue is taxes—or rather their tax-exempt status. Because non-profits don’t pay income and property taxes, they’re often barred by legislation from taking advantage of local and federal tax incentives, such as solar’s 30% Investment Tax Credit (ITC). Having dealt with these customer issues in the past, REC Solar has developed new solar financing partnerships that are tailored to the needs of non-profits, such as churches, hospitals, HOA’s, and charitable organizations. All three finance solutions address solar’s upfront costs and the ability to indirectly capture tax incentives, while each is also designed to significantly reduce a non-profit’s electricity bills. Financing Option #1: S...

Full article: http://www.renewableenergyworld.com/rea/blog/post/2014/04...

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