Solar power for nonprofits many nonprofits don’t believe solar power can work for them.The cost of a solar panel system often seems prohibitive, but now, new, flexible financing options are allowing nonprofits to receive the same financial and environmental benefits solar delivers to home and business owners.This is great news for nonprofits.In an environment where every penny counts, installing a solar power system makes a lot of sense.Benefits of solar electricity costs are often a significant operating expense and, just like their business counterparts, nonprofits are looking for ways to contain these steadily rising costs.
With solar, your organization can either significantly reduce or even eliminate its electric bill in the long term.You can potentially save 1050 on your monthly electric bills which can total to hundreds or thousands of dollars of savings every year.It can also protect you from annual increases in electricity rates.Solar can improve your ability to forecast these expenses more precisely.As a result, budgets and expenses become much easier to manage over the long term and you can use your savings to further your core mission.There are environmental benefits, too.For every kilowatt of solar panels you install,.
Your organization avoids about 1 ton of carbon emissions every year.That’s roughly the same as planting 20 trees every year.For many nonprofits, operating sustainably is consistent with their mission and their desire to be a positive force within their communities.Nonprofits can afford to go solar even though solar panel prices have fallen dramatically over the past few years, for many organizations, it still can be expensive.Most businesses are able to reduce the cost through tax incentives.Unfortunately, because of their taxexempt status, nonprofits aren’t able to do the same.But that doesn’t mean that nonprofits can’t afford to go solar.
While most nonprofits’ generally aren’t able to spend the cash upfront to pay the full cost of a solar panel system, there are many flexible financing methods that allow these organizations to go solar without making any upfront investment.Option 1 solar leases and ppas solar leases and power purchase agreements also known as ppas allow nonprofits to install solar panels onsite without actually owning them or making an investment.Both options are similar to renting.With a solar lease, your organization will pay a monthly fee for the system and get to.
Use all the electricity the solar panels produce for free.With a ppa you agree to purchase the electricity the system generates at prices that are lower than what you would pay your utility.Most leases and ppas have $0 down options so you won’t pay anything upfront for the installation.Your monthly payment for a lease or ppa is usually less than your current electric bill so you begin saving right away.What’s more is that your expenses will become completely predictable.With a solar lease or ppa, you will be able to save 1050 over your monthly.
Electricity bills, without making any upfront investment.And, over time, as electricity prices continue to increase, your savings will continue to grow.Generally, you sign a lease or a ppa contract for duration of 10 20 years with the leasing company and they will install the panels at your property.Your savings over the contract period could total in the tens of thousands of dollars.That’s real money.And, although solar panel systems require little to no maintenance, if something were to happen, the lease or ppa companynot your organizationwould be responsible for.
Any repairs since it owns the system.At the end of the contract period, your organization can extend the agreement, continuing to pay monthly payments to the leasing company.Or, it could purchase the system from the leasing company at a much lower cost and the electricity it generates would be yours for free.Other options include the possibility of the solar leasing company donating the system to your organization at the end of the original contract period.Option 2 crowd funding crowdfunding is another relatively new way for nonprofits to go solar.Companies such.
As collectivesun and sunvestment allow individualsoften members or supporters of your nonprofitto contribute money to fund the purchase of a solar panel system for your organization.You then pay a monthly fee to the company for the electricity the system produces, which similar to leases and ppas may help you save up to 50 on your monthly electric bills.All of these financing methods are putting solar within reach of nonprofit organizations, allowing them to free up significant amounts of cash.If the savings are redirected to missionrelated programs, your organization could increase its impact while lowering its.
Overhead or use it to fund further growth.If you are convinced of the value solar power systems deliver, it’s time to start shopping.The energysage marketplace is a great place to start.The marketplace will help you get quotes from multiple installers and financing companies.It also provides you with applestoapples comparisons of the different quotes and financing options you receive.The marketplace makes it easy for you to evaluate each option and choose the one that best meets your needs and financial objectives for more information about solar power, solar financing options or to start shopping visit the solar section of energysage.
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