Nonprofit organizations in New Jersey count on strict budgets to drive every dollar toward their mission. For community centers, social services, and houses of worship, solar energy offers a straightforward way to cut energy costs, making more funds available for impactful programs. Here are a few ways solar can help your nonprofit to keep the focus where it counts: on your core mission.
Lower Electricity Costs = Greater Mission Impact
Electricity bills often take a large slice of nonprofit budgets. By installing solar panels, nonprofits can drastically reduce their energy expenses by — like the Calvary Lighthouse — depending on system size and energy needs.
A study from the National Renewable Energy Laboratory found that nonprofits can save anywhere from $10,000 to $50,000 per year on energy costs by investing in solar, depending on the size and location of the installation. These funds can then fuel mission-driven initiatives, whether expanding patient services for a healthcare-focused group or increasing scholarship funds for an educational organization. Solar savings directly enhance the resources these organizations can dedicate to their community work.
Break Free From Volatile Energy Prices
Rising energy costs — averaging a 2.3% increase annually — create financial uncertainty for nonprofits relying solely on traditional energy sources. A solar installation shields nonprofits from these volatile traditional energy prices. Once a solar system is installed, energy costs remain stable and predictable for over 25 years. By generating their own power, nonprofits support their missions (and longevity) with budget consistency and resilience against market shifts.
Funding Options Make Solar More Accessible Than Ever
Grants, rebates, and incentives for nonprofits offer combined support and funding for solar projects that ease or even erases upfront costs. New Jersey’s Clean Energy Program and federal grants, like those under the Renewable Energy for Rural Communities initiative, provide funds specifically for solar adoption. Private foundations like the Kresge Foundation and the Rockefeller Foundation provide sustainability-focused grants as well. Nonprofits can apply for these solar grants to reduce the cost of installation or fund complementary energy efficiency measures.
Attract Environmentally-Conscious Donors
A commitment to solar energy can attract donations from supporters who prioritize sustainability. Charity Navigator’s 2020 report noted that 79% of donors consider a nonprofit’s environmental sustainability efforts when deciding where to contribute. Solar adoption showcases a commitment to green initiatives, which draws new donors who value environmental projects and strengthens relationships with existing supporters.
Lead by Example and Start Saving With Geoscape Solar
Your solar system demonstrates to the community that renewable energy is not only practical but cost-effective. By setting an example, you drive broader community-wide interest and help other businesses, schools, and community members to see how cost-effective and impactful a solution solar can be.
Our team works closely with organizations throughout New Jersey to design and install solar solutions tailored to the needs of nonprofits. Maximize your savings, support mission goals, and reinvest saved money into your programs with a customized solar system from a provider recognized by South Jersey Biz as the best in the Garden State. We’re happy to offer a pressure free solar consultation to start your journey to a sustainable, cost-effective future.
