Nonprofit community service providers that serve low-income communities have faced challenges in financing solar for their own facilities. These organizations' lack of credit history, potentially unreliable revenue, and inability to take advantage of tax credits and accelerated depreciation can make traditional solar financing models a poor fit.
One answer that has emerged is "crowd funding," in which many individuals each provide a small amount of money for a project. This webinar will explore two models that rely on crowd-funding to enable nonprofits to adopt solar:
- RE-volv's model, which allows for crowd-sourced donations
- "crowd lending," one of CollectiveSun's financing options that facilitates loans to fund solar projects after tax credits have been applied
- Q&A with the audience
This is one in a series of webinars presented by the Clean Energy States Alliance as part of the Sustainable Solar Education Project on bringing the benefits of solar to low-income residents. The Sustainable Solar Education Project, funded through a grant from the DOE SunShot Initiative, is helping state and municipal officials to ensure distributed solar electricity is equitable and consumer friendly.