Today, many non-profit and government organizations — schools, churches, and other entities — are demonstrating environmental leadership in their communities by going solar. Non-profit organizations are often big consumers of electricity and a cash investment in a solar electric system is challenging because they are not eligible for Federal tax incentives available to commercial entities.
In a few states such as California, non-profit organizations are eligible for special solar rebate incentives, which make the investment very affordable. For government agencies, schools or non-profit organizations, the rebates are typically 20% higher than the standard rebates.
With the unique needs of non-profit organizations in mind, First American Solar Technology will design a solar energy system specifically tailored to maximize your energy savings while keeping your upfront costs affordable.
In addition to cash purchase options, commercial solar leases and power purchase agreements (PPAs) allow non-profits to benefit from federal incentives. A PPA or Lease is an alternative to loan financing and owning a solar system. The lease or PPA provider can monetize federal incentives and passes the benefits through to non-profits via lower lease payments, or as in a PPA, lower contracted utility rates. Additionally, leases and PPAs are designed to minimize or eliminate initial up-front costs, making solar immediately affordable for non-profits that want to be green. Your organization can go solar and be cash positive immediately.
Unlike paying for electricity from a utility company, however, the cost of energy is determined in advance before the system is installed, so the nonprofit can predict and budget for power costs. Since the power provider, the sun, is always free, a lease or PPA contract avoids the unexpected price fluctuations you would experience buying power from your utility.
Whether you are a public facility, a school, a church, or local charity, your organization can benefit from making the switch to solar power.