ONE OF THE MOST POPULAR WAYS FOR NON-PROFITS TO FINANCE A SOLAR INSTALLATION IS THROUGH A PPA WHICH ALLOWS THEM TO AVAIL OF THE ITC TAX CREDIT (30%)- EITHER PARTIALLY OR FULLY.
A SOLAR POWER PURCHASE AGREEMENT IS A CONTRACT THROUGH WHICH A DEVELOPER TAKES CARE OF EVERYTHING FROM FINANCING TO INSTALLATION TO MAINTENANCE AT A NON-PROFIT'S PROPERTY AT NO COST.
Many PPAs offer a path to ownership after 7 years offering the nonprofit entity an option to ultimately own the solar installation and save a greater amount of money in the long-term. Some nonprofits may also opt to continue making payments on the solar array 20 years.
Zero Down Solar partners with RC Cubed a green energy services firm committed to strengthening communities and protecting the environment. RC Cubed develops and designs PPA partnerships with non-profits to reduce energy bills and carbon footprints, increase local employment, create positive investment opportunities, and generate solid returns for investors. RC Cubed was Voted: 2016 Best of Santa Cruz Awards for Business Services
Nonprofits, municipalities, or schools partner with a private solar investor, who can take advantage of federal tax programs not available to a nonprofit. The 3rd-party investor purchases and builds a suitable solar array at the nonprofit's location, and then sells the solar power generated from that array to the nonprofit at locked-in predefined rates.
A solar PPA offers a non-profit very competitive rates for electricity without the risk of fluctuation. The non-profit's solar array's generation is tied into the nonprofit's electric meters, therefore, the nonprofit's consumption from the electric grid is reduced proportionally.