The SunForAll Solar Fund is lending with an impact. Created by CollectiveSun with lead investor BQuest Foundation, and other impact investors, The SunForAll Solar Fund helps nonprofits access the benefits that come with solar energy so they are better able to focus financial resources on their important programs and services. In addition to a 12% or more project discount, the fund provides the remaining cost via a low interest loan. In total, the fund provides 100% of the up front costs. The fund makes solar for nonprofits easy and straightforward by providing a technical review and project feasibility study to help determine the optimal system size and projected savings at the nonprofit’s facilities. With the SunForAll Solar Fund, nonprofits enjoy savings from day 1 and lock in energy savings for 25+ years!
SunForAll Solar Fund
The SunForAll Solar Fund combines 2 components that add up to fund 100% of the solar installation cost:
- A 12% or more tax-like credit for nonprofits,
- An 88% loan with a 3.5% rate, 10 year term, no origination or other fees, and a payment and interest holiday during construction
The SunForAll Solar Fund program features the following unique benefits:
- Free technical review and project feasibility study
- No collateral requirements beyond the solar equipment itself
- Favorable underwriting standards
- Below market interest rate
- No payments and no interest until the system starts generating solar savings
- A rolling application deadline
- Savings from day one!
The SunForAll Solar Fund makes solar installations affordable for nonprofits so that they can reduce their operating costs and increase the use of renewable energy.
BQuest Foundation and CollectiveSun will be accepting applications for the next cycle of our SunForAll Solar Fund very soon! We provide solar funding to nonprofit organizations that plan to use solar energy to increase social and economic equity and reduce environmental impact.
All applicants must meet the following requirements to be eligible for funding:
- The organization is a valid and current 501(c)3 entity located in the US.
- The organization has or is able to quickly secure three valid solar bids. (We can help!)
- Priority will be given to organizations located in, or supporting underserved and marginalized communities and/or increasing social or economic equity.
Learn about how the SunForAll Solar Fund is having an impact on our community and the environment, and how you can get involved!
Habitat was founded on the conviction that every man, woman and child should have a simple, decent and affordable home to live in dignity and safety.
About the Organization: San Diego Habitat’s affordable homeownership programs serve families for whom safe, stable housing is out of reach. In addition to building new homes, Habitat provides repairs that make homes safer, healthier, and more efficient. In this way, we help neighborhoods become stronger, more vibrant places to live. Homeowners partner with us to build, and pay an affordable mortgage or contribute towards the cost of repairs. Our work is possible because of volunteers, donors, government funds, and from sales generated from the ReStores, our home improvement retail centers. We also aim to increase sector impact by influencing the way agencies, businesses and nonprofits think about housing issues and how best to address them.
From San Diego Habitat for Humanity Leadership:
“San Diego Habitat has made environmental responsibility and sustainability an organizational priority”, said Lori Holt Pfeiler, President and CEO of San Diego Habitat for Humanity. “The SunForAll Solar Fund Award from CollectiveSun will allow us to provide solar energy at our administrative offices and ReStore public home improvement retail center. We’re so grateful for this opportunity that will provide much more cost-effective energy for our organization, ultimately enabling us to put more resources into homebuilding and repair programs.”
About the Organization: Founded in 1887, the San Diego Center for Children (the Center) is San Diego’s oldest children’s nonprofit, providing comprehensive behavioral health programs and services for children and families struggling with mental, emotional, and/or behavioral health challenges. With eight program sites located throughout the county and partnerships with local organizations and schools, the Center empowers more than 1,000 youth and families each day to live joyful and healthy lives through meaningful and effective programming.
From San Diego Center for Children:
“In 2017, Sullivan Solar Power donated and installed a 9.84 kW system to the Center’s nonpublic school K-12 School, The Academy, located on our main campus in Linda Vista. As San Diego’s oldest children’s nonprofit, the Center has dedicated over 133 years of care to at-risk children and families struggling with mental, emotional and/or behavioral health challenges in the community, serving over 1,000 children and families every day. The Center’s main campus not only operates the nonpublic school but also provides 24/7, short-term residential treatment for youth ages 6-18 with significant mental health disorders and are currently not able to live safely at home. With the success and savings that the solar system has provided to the Academy, we are looking to have additional solar energy extend to the main campus.”
Mission and Organization Description: Our mission is to break the cycle of poverty by preparing underserved students to be the first in their families to go to college through after school programs that begin in third grade. We are an after school programming working with students and their parents to prepare kids to be competitive college applicants starting in 3rd grade. We focus on tutoring, behavioral development, and college knowledge as well as provide resources and workshops to parents.
Mission: To support those affected by and at risk of child abuse and neglect, through a range of programs and services that promote healing, growth, and healthy relationships.
About the Organization: Casa de Amparo was founded in1978 and since inception has been providing supportive services to San Diego County residents who have suffered the trauma of child abuse and neglect. For over 40 years the organization has adhered to its mission: to support those affected by and at risk of child abuse and neglect through a range of programs and services that promote healing, growth and healthy relationships. Casa de Amparo’s goals are to stop family violence, prevent behaviors which endanger children and implement trauma-informed programs that further the mission of the organization.
From Casa de Amparo:
“Raising happy healthy children requires a thriving planet where future generations of children are free to grow and explore. At Casa de Amparo, we are investing in the future of children everywhere and our amazing planet with our transition to solar energy throughout our Casa Kids Campus. With this investment in our future, Casa de Amparo will ensure the continuation of our mission of ending child abuse and neglect for years to come.”
About the Organization: San Ysidro Health is a non-profit organization committed to providing high quality, compassionate, accessible and affordable health care services for the entire family. The organization was founded by seven women in search of medical services for their children. Over fifty years later, San Ysidro Health now provides innovative care to more than 107,000 patients through a vast and integrated network of 41 program sites across San Diego County with a staff of over 1,400+ employees located in San Diego County’s impoverished and traditionally underserved communities. San Ysidro Health is one of the largest and longest serving community health centers in San Diego County and is currently the largest safety net provider in the county’s South Region.
From Kevin Mattson, President & CEO of San Ysidro Health:
“On behalf of our patients, our staff and our board of directors, we thank Collective Sun for this recognition and for choosing our organization for the SunForAll Solar Award. This grant will help us increase the use of renewable energy within our facilities and continue our mission to improve the health and well-being of the communities we serve with access. With the annual savings the solar project will allow, San Ysidro Health will have an opportunity to devote the amount of savings to help provide high-quality healthcare to underserved residents and vulnerable populations throughout San Diego County’s high need communities.”