NON-PROFIT SOLAR FUNDING
In the past, many religious, and non-profit institutions have looked into solar, only to have their environmental aspirations squashed by the previous high financial costs of solar. Today, the combination of innovative financing, falling solar PV panel costs, and generous incentives can help solar make sense for many tax exempt institutions.
Converting to solar energy with a Geoscape Solar system will ultimately pay for itself and provide decades of free, clean, green energy. Simply put, solar energy for non-profits in New Jersey makes pure financial sense. A lower utility bill and a positive image within your community are an unbeatable combination of assets.
Non-Profit Power Purchase Agreement (PPA)
A third-party investor purchases the solar power system from Geoscape Solar. The investor owns, operates, and maintains the system for the life of the term. Your organization buys the electricity generated by the solar system at a discount to your utility rate. You pay nothing out-of-pocket, never have to worry about the system, and start saving immediately.
- No up-front costs
- You only pay for the electricity your solar system produces
- Terms from 15 – 25 years
- Your organization receives the electricity savings
- The PPA company owns and maintains the system
- The PPA company receives the federal and state tax benefits, such as the ITC
- The PPA company receives the state incentives, such as Renewable Energy Certificates
Easy Own PPA™
If your organization wants all the incentives that come with purchasing a solar power system, but is not able to take advantage of depreciation and/or the federal ITC, Geoscape’s Easy Own PPA™ may be right for you. Geoscape Solar maintains ownership of the solar power system. For usually 10-15% less than the purchase price of the system, you prepay Geoscape for 20 years of solar electricity generation. Your organization keeps all the utility savings and the state incentives. Geoscape keeps the federal and state tax benefits.
- 20-year term
- Early buyout option after 6 years
- You receive the electricity savings
- You keep the state incentives, like SRECs
- At buyout, you get credit for all the prepaid electricity that has not yet been delivered to you
QUICK LINKS
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