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After you’ve learned a few solar basics and gotten buy-in to look into solar for your nonprofit, it’s time to decide on financing options and gather information about your facility.
Because there are several financing options to consider, we’ve covered those in a separate article; here, we’ll cover the information you need to gather in order to get started on securing a solar bid and launching your project.
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If needed, be sure to get approval from your Executive Director, Board, or Treasurer to collect and give out your facility information.
🗒️ Note: If you’re managing the process of going solar on your own, you’ll need to identify a few reputable installers and get quotes from them to compare. When you work with CollectiveSun, we take care of this step for you. We partner with trusted, vetted installers to ensure that your project goes smoothly and your nonprofit enjoys solar savings from day one.
Your electricity usage
To size your solar system accurately to meet your nonprofit’s power needs, your solar installer will need data on your facility’s electricity use for the past 12 months. Because most facilities’ electricity use fluctuates from month to month and season to season, data from a full year should be used to determine your average monthly use.
💡 Tip: Before reviewing your nonprofit’s electricity use, be sure you’ve done what you can to reduce it. For more on energy efficiency measures you can take, see our previous article about …
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Breaking: Update on the Low-Income Communities Bonus Adder
On January 7, the Biden administration announced it is launching the next round of the Low-Income Communities Bonus Credit Program on January 16, 2025, which is much earlier than expected.
Once the DOE portal opens, it’s essential to get your project application in as soon as possible. As in previous rounds of the program, there will be an initial 30-day window for applications during which all applications submitted to the portal will be treated as submitted on the same date and at the same time; after that, rolling applications will be accepted through August 6, 2025.
The low-income communities bonus adder is a …
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Know A Nonprofit?
If your favorite nonprofit organization is exploring going solar and their mission is to provide programs & services that support communities of concern benefitting:
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CollectiveSun is here to help you with your solar financing.
| Interest Rates Start at 4.99% |
| Rates Are Based On Community Impact, Not Just Credit Score |
| One Simple Payment | Term Length Up To 10 Years |
| Payment Holiday Durning Construction of System | No Prepayment Penality |
Our goal is for you to end up with a solar system that reduces your carbon footprint and is a $0 down investment with a positive cash flow from day one, so it has an immediate impact on your bottom line. That’s what we want most for the organizations that are the backbone of our communities — financial and environmental sustainability that allows you to concentrate on your mission and reach your sustainability goals.
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If you’d like to learn more, schedule a meeting with Nicole here.
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Navigating the world of solar financing can be daunting, but it doesn’t have to be. Our team of seasoned experts has been focused on delivering solar financing solutions for nonprofit and tax-exempt organizations across the country for over a decade. In just the last few years, we’ve proudly facilitated solar projects for over 200 nonprofits spanning 25 states.
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At CollectiveSun, we understand that every nonprofit is unique, and that’s why we offer a diverse range of financing options. Whether you’re considering a loan like our CollectiveSun Solar Loan designed to support your purchase of a solar system while allowing you to benefit directly from the Direct Pay Tax Rebate; exploring third-party ownership options like our CollectiveSun Solar Power Agreement (SPA); or seeking a hybrid funding model like our CollectiveSun Prepaid Solar Power Agreement (Prepaid SPA), we have the perfect solution to match your solar financing needs.
For those looking to dive deeper into how Direct Pay can benefit you, we’re excited to offer a free comprehensive course series on HeatSpring. This series covers not only Direct Pay but also the additional ITC bonus adders, providing you with all the information you need for when your filing is due.
📚 Enroll in the free course here:
CollectiveSun HeatSpring Direct Pay & More Course Series
You’ll discover how these incentives can make solar energy even more accessible and cost-effective for your nonprofit organization. Together, let’s harness the power of the sun to fuel your mission and create a brighter, more sustainable future for all.
Let’s connect and start the conversation!
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The Inflation Reduction Act is paying off! The legislation could generate $2.7 trillion in U.S. economic benefits from 2025 to 2035, delivering a fourfold return on taxpayer investment, says a report commissioned by the American Clean Power Association.
In 2024, clean energy deployments reached new heights in the U.S., with Texas and California proving that huge amounts of solar and batteries can drastically reduce grid problems in the face of extreme weather and soaring electricity demand. These charts tell the story.
Byron Kominek moved to his grandfather’s farm in 2016 and now runs Jack’s Solar Garden there as a nationally recognized site for agrivoltaics research. Beneath the 3,276 solar panels, ducks, geese, and sheep graze, and workers tend to crops like salad greens, corn, and radishes — all of which flourish in the partial shade of the panels.
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