Published on December 9th, 2013 | by Important Media Cross-Post0
Crowd Solar Creating Opportunities For Community Solar Investment
December 9th, 2013 by Important Media Cross-Post
Originally published on The Inspired Economist
by Derek Markham
Investors can help community institutions save money, reduce their dependence on fossil fuels, and become more resilient, by helping to fund solar installations at schools, libraries, or local nonprofit organizations with Crowd Solar.
By investing money in solar for community institutions at places that do good in the community, it’s a win/win situation, as the more buildings that can tap into carbon-free electricity, the better, not only for the local environment but also for those organizations’ bottom lines, especially as energy prices continue to rise.
And Crowd Solar aims to make that easy, for both the investor and the institutions that could benefit by a solar panel system.
Here’s how it works, in a nutshell:
“You the investor loans money to the community institution of your choice. Places like schools, libraries, animal shelters, and a variety of non-profits. Places that do good work in the community. Places that need money to continue their important work.
Solar is a great way for these places to save money. Unfortunately solar is unattainable for them because of the high upfront costs. Solar systems are expensive!
In addition the government subsidies that could help are of no use to them because of their tax-exempt status. Even if the institution somehow came up with the money to purchase and install a solar array, the payback period just isn’t worth it without government subsidies.
Your investment (along with others from likeminded people) is used to professionally install a solar system on the community institution (let’s say a school). The solar system saves the school a tremendous amount of money.
With the money that they save, they pay back you, the investor.”
Crowd Solar also accepts donations for solar projects at community institutions, which saves those organizations even more money, as the donations reduce the amount of money that must be repaid, and reduces the amount of loans that need to be covered by investors.
Whether you’re an investor, a philanthropist, or an institution that could use a solar array at no cost to you, see the details at Crowd Solar.
Get CleanTechnica’s 1st (completely free) electric car report → “Electric Cars: What Early Adopters & First Followers Want.”
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.