The nonprofit solar financing solution designed exclusively for you
Created by CollectiveSun with lead investor BQuest Foundation and other impact investors, SunForAll Solar Fund removes financing barriers faced by nonprofits seeking to go solar. The Fund is designed to give you access to a grant, solar tax credits that lower the system installation cost, and a loan with an attractive rate. SunForAll Solar Fund’s nonprofit solar financing model helps you use solar energy to cut your operating costs and enjoy savings, so you’re better able to pursue your mission-focused programs and services.
SunForAll Solar Fund was designed for organizations that seek to use solar to increase social and economic equity in their communities and generate environmental benefits. The Fund combines three components that add up to fund 100% of your solar installation cost: a grant that covers 14%, a tax-like credit that knocks 12% off the cost, and a low interest 10 year term loan that takes care of the remaining 74%. The result is a solar system that lowers your carbon footprint and is a $0 down investment with a positive cash flow from the start.
Both you and the communities you serve to reap the benefits when you experience the operational and environmental sustainability found through the power of solar!
SunForAll Solar Fund Environmental Impact
Nonprofit solar financing for 100% of your system cost
SunForAll Solar Fund combines three components – a grant, a low interest loan, and a solar tax credit – 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, SunForAll Solar Fund does not have any origination fees such as underwriting, processing, or application fees.
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.
SunForAll Solar Fund will be accepting applications for our next funding cycle very soon!
- The organization is a valid and current 501(c)3 entity.
- The organization is located in California. Please inquire for other states. (link to contact Lee)
- 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.