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THE COLLECTIVE CONVERSATION: MARCH 2024 SOLAR NEWS FOR NONPROFITS & INDUSTRY PROFESSIONALS


 

March 2024

Important Updates from the IRS! They have opened up MORE office hours!

The question is, do you need them?

The IRS is committed to supporting organizations and tax-exempt entities and providing education about the benefits of the Inflation Reduction Act and CHIPS Act with the new IRA/CHIPS Pre-filing Registration Tool.

To aid in Direct Pay support efforts and more, the IRS has announced extended office hours in a range of dates through April 24th, 2024!

 

HOW DOES ONE SIGN UP FOR OFFICE HOURS WITH THE IRS?

 

This initiative is designed to provide general assistance with the pre-filing registration process for elective payment and transfer of clean energy and CHIPS credits.

However, do note that tax policy and specific interpretation guidance is not offered in these sessions.

 

𝗪𝗵𝘆 𝘀𝗵𝗼𝘂𝗹𝗱 we𝗿𝗲𝗴𝗶𝘀𝘁𝗲𝗿?

To get expert help!

 

  • IRS representatives will be on hand via Microsoft Teams to answer questions about the IRA/CHIPS Pre-filing Registration Tool.
    Take the required step: Pre-filing registration is essential for eligible organizations to benefit from the available credits.
  • Registration for these additional office hours is now 𝗢𝗣𝗘𝗡. Secure your spot to ensure you’re fully prepared to leverage these transformative credits. Don’t miss this chance to get direct support from the IRS experts!

There are specific availibility of dates & times to register for these office hours:

 

Click here for IRS Office Hours Information

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Join in the conversation about how going solar will serve to inspire others in your community and your congregation to take their own climate action steps. You’ll walk away knowing how to get started on a solar project, and feeling the support you need to get started. Interfaith Solar Campaign invites you to the information share!

 

 

Faith Communities, Going Solar Together!

– WEBINAR –

Thursday March 21st 11AM PT/2PM ET

Register Here

CollectiveSun Solar Spotlight:

 

San Diego State University Associated Students Aztec Recreation Center

 

San Diego State University is committed to promoting the use of solar energy as part of its commitment to sustainability. The university’s student-run Associated Students organization has been a strong solar champion, motivated by the students’ desire to make their campus more sustainable.

 

Associated Students goes beyond what many such student associations do. Not only does the organization advocate for student voices — it also manages various facilities and produces social, recreational, cultural, and educational programs. Most of the buildings that Associated Students operates are funded by the students, and the students have the authority to make major and minor decisions about their facilities.

 

The Solar Journey

 

Associated Students’ solar journey began in 2008 with a solar installation on the Associated Students Mission Bay Aquatic Center, which became the first commercial-scale facility in San Diego to achieve net energy zero and the first Associated Students structure to be certified LEED Platinum.

 

The students then set a goal for all their buildings to be net zero electricity by 2020; despite the pandemic slowing down progress on that goal, 1 megawatt (MW) of solar has been installed so far on various Associated Students buildings and parking structures, and all of the larger buildings operated by the organization have become LEED certified.

 

The most recent solar addition is at the Aztec Recreation Center, which underwent a remodel that involved removing all natural gas and making the facility all electric. The Aztec Recreation Center already hosts 250 kilowatts (kW) of solar, and Associated Students is now adding 750 kW to support the increased electrical load — 650 kW on an adjacent parking structure and 100 kW on the roof of a new building of the Center.

 

Continue Reading

A Call To Nonprofits

If your nonprofit organization is exploring going solar and your mission is to provide programs & services that support communities of concern benefitting

  • Children
  • Veterans
  • Senior Citizens
  • Individuals with Disabilities
  • Historically Marginalized Groups 
  • At-Risk Individuals

CollectiveSun is here to help you with your solar financing.

 

| Interest Rates Start at 4.99% |

| Rates Are Based On Community Impact, Not Just Credit Score |

| One Simple Payment | Term Length Up To 10 Years |

| Payment Holiday Durning Construction of System | No Prepayment Penality |

 

Our goal is for you to end up with a solar system that reduces your carbon footprint and is a $0 down investment with a positive cash flow from day one, so it has an immediate impact on your bottom line. That’s what we want most for the organizations that are the backbone of our communities – financial and environmental sustainability that allows you to concentrate on your mission and reach your sustainability goals.

If you’d like to learn more, schedule a meeting with Nicole here.

Navigating the world of solar financing can be daunting, but it doesn’t have to be. Our team of seasoned experts has been focused on delivering solar financing solutions for nonprofit and tax-exempt organizations across the country for over a decade. In just the last few years, we’ve proudly facilitated solar projects for over 200 nonprofits spanning 25 states.

At CollectiveSun, we understand that every nonprofit is unique, and that’s why we offer a diverse range of financing options. Whether you’re considering a loan like our CollectiveSun Solar Loan designed to support your purchase of a solar system while allowing you to benefit directly from the Direct Pay Tax Rebate; exploring leasing options like our CollectiveSun Solar Lease; or seeking a hybrid funding model like our CollectiveSun Solar Power Agreement (the SPA), we have the perfect solution to match your solar financing needs.

 

For information about the Inflation Reduction Act of 2022 and new bonus adders we invite you to watch our informative bonus adders webinar series tour.

 

You’ll discover how these incentives can make solar energy even more accessible and cost-effective for your nonprofit organization. Together, let’s harness the power of the sun to fuel your mission and create a brighter, more sustainable future for all.

 

Let’s connect and start the conversation!

The Dept. of the Treasury and the Internal Revenue Service (IRS) released final rules on key provisions in the Inflation Reduction Act (IRA):

The U.S. Solar Market Insight, Year-in-Review 2023 shows that the Inflation Reduction Act legislation has skyrocketed the industry and will have a lasting economic impact in terms of energy, jobs and investment opportunity:

Solar & battery storage to make up 81% of new U.S. electric-generating capatcity in 2024:

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