How can fiscally responsible nonprofit board members achieve that magical combination? Going solar – in partnership with CollectiveSun.
CollectiveSun’s Solar as a Service partnership model changes the way nonprofits can fund and maintain solar power projects.
Let’s begin with funding. The Money for Good 2015 report on donor motives and behavior indicates that 34% of donors feel hassled by frequent solicitations. Instead of asking for yet another donation, a CollectiveSun crowd-lending campaign incentivizes your supporters to invest by offering a fixed rate of return. When your organization borrows money from a bank, you pay it back with interest.
When you crowd-borrow with the CollectiveSun financing model, you can pay back your investors too, usually at a much lower interest rate than you would pay to a bank.
The CollectiveSun Pre-paid Power Purchase Agreement (PPA) with your nonprofit reduces the cost of the solar installation up front. Solar rebates and tax incentives (up to 30% of the cost) can be passed along to you when you are in partnership with CollectiveSun, tax rebates that are not normally available to nonprofits because of their tax-exempt status.
The PPA saves you money on electric bills for the life of the system, which is where the 20 years comes in. Your nonprofit enters into an agreement with CollectiveSun® to buy power at a discounted rate (typically 50-75% lower than utility rates) with a worry free purchase option that produces enormous savings. With CollectiveSun’s Solar as a Service, your nonprofit receives monitoring, maintenance and repairs, insurance, and someone to manage product and installer warranties.
Bold, innovative nonprofit leaders are activating new ways to talk about funding and ensure financial sustainability for their organizations. Are you innovative enough to save on utility costs for the next 20 years? We thought so.