By Bret Williams, Non-profits have trouble taking advantage of solar programs. Solar Energy – Crowdfunding Consumers and businesses have been able to take advantage of a growing number of solar energy programs recently. These programs are designed to mitigate the costs associated with the purchase and installation of photovoltaic systems, thereby making them easier to acquire. Non-profit organizations, however, do not typically have access to these programs. Non-profits cannot take advantage of most solar leasing initiatives, power purchase agreements, or financing programs that make the adoption of solar power easier. The solution to this issue may be somewhat straightforward and may take the form of crowdfunding.
There are now several options for homeowners and businesses that want to go solar — purchasing + tax credits/rebates, solar leasing, power purchase agreements (PPAs), PACE financing, and more. However, nonprofits don’t have these same options. Due to the federal tax credit being centered around having tax liability (which nonprofits don’t have), it’s not as economical for them to go solar. Well, a company called Collective Sun is aiming to help get solar on these neglected roofs.