SUNFORALL SOLAR FUND
MAKING SOLAR A REALITY FOR NONPROFITS AT THE HEART OF OUR COMMUNITIESCREATIVE FINANCING FOR NONPROFITS TO REACH ENVIRONMENTAL SUSTAINABILITY AND FINANCIAL FREEDOM
SunForAll Solar Fund is a unique nonprofit solar financing program that provides funding for organizations that plan to use solar energy to increase social and economic equity and reduce their environmental impact. Created by CollectiveSun with lead investor BQuest Foundation and other impact investors, the Fund helps nonprofits access the benefits that come with solar energy so they are better able to focus on their programs and services and reduce their fossil fuel consumption.
SunForAll Solar Fund makes solar for nonprofits easy and affordable by monetizing solar tax credits and using an innovative investment structure consisting of a Program Related Investment (PRI) that includes a grant plus low-interest loan to fund 100% of the costs of a solar installation. By going solar nonprofits can significantly lower their operating costs and lock in energy savings for many years.
LEARN HOW SUNFORALL SOLAR FUND IMPACTS OUR COMMUNITIES AND THE ENVIRONMENT — AND HOW YOU CAN GET INVOLVED!
Nonprofit solar financing for 100% of your system cost
SunForAll Solar Fund combines three components – a grant, a low-interest loan and a 12% or more tax-like credit benefit – that add up to fund 100% of the cost of a solar installation
CollectiveSun will provide a feasibility assessment to determine the optimal project size and projected solar savings for your nonprofit.
There are no collateral requirements beyond the solar equipment itself.
SunForAll Solar Fund provides a payment holiday during the construction period so there are no costs while the system is under construction
Unlike other loans, the SunForAll Solar Fund does not have any origination fees such as underwriting, processing, or application fees, etc.
12% of the cost is provided by CollectiveSun through our Solar Power Agreement (SPA) with the nonprofit. Tax benefits that would otherwise be lost due to a nonprofit’s tax exempt status are shared via the SPA structure.
Due to their tax-exempt status, a nonprofit can’t use solar tax credits to help lower the cost of a solar system installation. It’s also difficult for them to access a loan from traditional banks at an attractive rate. SunForAll Solar Fund was carefully designed to help nonprofit fund recipients overcome these barriers and secure the best financing for their solar system.
When these organizations are able to go solar, they reduce their carbon footprint and make a $0 down investment that allows them to redirect essential funds to the services and programs so vital to our communities. Since a nonprofit’s solar panels will produce clean energy for 25+ years, investors in SunForAll Solar Fund are creating a solar endowment that will support the long term sustainability of the nonprofit mission. Ultimately, the Fund gives values-aligned investors the opportunity to invest in renewable energy for a profound social, economic and environmental impact.
SunForAll Solar Fund Environmental Impact
SunForAll Solar Fund is now accepting applications! Apply Today!
- The organization is a valid and current 501(c)3 entity.
- Minimum project size of 50kW DC.
- The organization has or is able to quickly secure a valid solar bid(s). Priority is given to organizations that have a significant positive social impact and/or have had difficulty qualifying for traditional solar financing options.
Featured SunForAll Solar Fund Projects
What recipients have to say about
the SunForAll Solar Fund
“Once we understood the extremely clever, win-win-win nature of the funding model, it was very easy to have everyone understand the value of this project from an environmental point of view, applicational point of view and, significantly, a financial point of view.”
– moises baron, president & ceo
at San Diego Center for Children
“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.”
Ultimately, we came to the conclusion that if we could own it there would be much greater potential for savings. One of the incentives for working with CollectiveSun was that they would own it and share the savings, the credits, and eventually pass the ownership on to us.
