CollectiveSun claims the tax benefits but all other benefits belong to you (i.e. any applicable utility rebates, state rebates, renewable energy credits, etc). Of course, all of the energy is yours to keep as well.
Collectivepace
unlock the potential of solar powerA SOLAR-FINANCING PARTNERSHIP MADE JUST FOR NONPROFITS AND TAX-EXEMPT ORGANIZATIONS
CollectivePACE™ is a collaboration between CollectiveSun, a company exclusively dedicated to helping nonprofits and tax-exempt organizations fund solar projects, and Greenworks Lending from Nuveen, the leading commercial PACE capital provider. By combining solar lease financing models and state-legislated C-PACE programs, CollectivePACE helps nonprofits go solar through the monetization of tax credits and financing terms that provide positive cash flow from day one.
Designed for nonprofit solar success
Solar for nonprofits can be a challenge when an organization can’t monetize solar tax credits and benefits. CollectivePACE™ delivers this value through a 12% or more discount off the solar system price. In exchange, CollectiveSun owns and operates the system and guarantees that the nonprofit or tax-exempt organization gets top solar performance. Nonprofits are also able to leverage the ownership of their property to secure affordable long-term financing through C-PACE to cover the remaining 88% of the system’s cost.
Saving money while guaranteeing peak system performance
learn how you can save- BUY DOWNS THAT START AT 12% OF THE PROJECT COST VIA THE MONETIZATION OF SOLAR TAX CREDITS
- Remaining amount financed via c-pace
- 3rd party ownership with guaranteed system performance
- ownership option after 6 years
- zero cash out of pocket
FOR MORE INFORMATION OR TO APPLY, PLEASE CONTACT:
CollectivePACE vs. Cash Purchase
There’s simply no comparison when it comes to the power of nonprofit solar financing with CollectivePACE
CollectivePACE | Cash Purchase | |
---|---|---|
Limits use of nonprofit funds | ||
Monetizes tax benefits of solar for nonprofit | ||
Funding term matches system life | ||
Cash flow positive each year of ownership | ||
Performance guarantee included | ||
System performance monitored | ||
Operations and maintenance (O&M) included | ||
Can cover non-solar property improvements |
FREQUENTLY ASKED QUESTIONS ABOUT COLLECTIVEPACE
What Our Partners in Sustainability Say
CollectivePACE Financing has proved to be a valuable resource in working directly with CT’s many nonprofits. For too long, nonprofits have not been able to take advantage of the performance based incentives. With CollectivePACE, they have the ability to go solar and reap all of the benefits.
Especially through a public and private partnership, it is so nice to watch the CollectivePACE vehicle for non-profits make possible the energy and money savings happen in such a convenient, non-invasive way on an entity’s out of pocket and bottom line. It’s filling a gap in options that were needed for large scale savings over time without large investments up front. What is especially nice is the ability to keep open the business line of credit for a small to medium size business operation with nothing out of pocket.