Story by Sara Carbone, CollectiveSun Content Marketing Manager
This month we held a special webinar spotlighting The SunForAll Solar Fund, a unique financing solution that has invested more than $5 million in solar for nonprofits over the past two years. The presentation focused on the profound benefits of going solar with SunForAll, which include financing that covers 100% of the up-front costs of a nonprofit solar installation and a 12% or more discount on the cost. The webinar also included a case study of one of the fund recipients.
The webinar, The SunForAll Solar Fund: A $10 Million Investment in Nonprofits, featured Kathlyn Mead, Philanthropic Advisor for BQuest Foundation, lead investor with the SunForAll Solar Fund, and Michele Lambert, Chief Financial Officer for the San Diego based Vista Community Clinic, a recipient of a SunForAll award. We also heard from Lee Barken, Chief Community Officer here at CollectiveSun.
“We were able to unlock the projects we put on hold and we experienced cost savings from the get-go. I have to say that it was probably one of the easiest capital spending decisions we ever made. One that we look forward to, hopefully, getting to experience at some of our other locations.”
– Michele Lambert, CFO of Vista Community Clinic
Kathlyn with BQuest started things off by describing BQuest’s efforts to fight climate change through project funding and partnership with clean energy and advocacy organizations. She discussed the foundation’s programs and defined impact investing and its benefits.
After briefly describing our work at CollectiveSun, Lee took a deep dive into the SunForAll Solar Fund, looking at how it streamlines the process of going solar for nonprofits, both around financing and project management. He broke down exactly how the installation discount and low-interest loan work, laid out the terms and savings involved, and discussed the eligibility requirements.
Michele then jumped in to highlight Vista Community Clinic’s mission and solar journey with the SunForAll Solar Fund. She laid out the system size, cost savings and projected ROI and talked about how the fund made the project financially feasible for the clinic. Michele also took a detailed look at the various factors involved with assessing how to fund a nonprofit solar array.
The speakers ended the presentation with an extensive Q&A that covered working with CollectiveSun, array components, SunForAll Solar Fund loan terms, and more.
If you are a Nonprofit organization interested in learning more about solar, or are looking to launch a solar project with a Nonprofit organization, please contact our VP of Sales, Matt Brennan who can answer any of your questions.
Matt can be reached at email@example.com or 619-838-7363.