CollectivePACE™ is a collaboration between CollectiveSun™, the nation’s only company dedicated exclusively to helping nonprofits and tax-exempt organizations fund solar projects, and Greenworks Lending, the nation’s leading commercial PACE capital provider. CollectivePACE™ combines the financing models of solar leasing and state-legislated C-PACE programs to unlock the potential of solar power by capturing tax credits and providing financing terms that allow for positive cash flow from day one.
DESIGNED FOR NONPROFITS
The economics of solar are not as attractive for institutions that cannot monetize solar tax credits and benefits. CollectivePACE™ delivers this value to nonprofits through a 12% or more discount off the solar system price in exchange for ownership and operation of the system with guaranteed solar performance for the non-profit. Nonprofits leverage the ownership of their properties to secure affordable long-term financing through C-PACE to cover the balance of system cost.