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Long-term energy savings
Reasons To Go Solar
There are many reasons to choose solar for your nonprofit or educational organization’s power source. Not only is it a great choice for energy efficiency and decreasing your carbon footprint, but it’s also a cost-effective energy source. From grants to tax breaks and other incentives, there are many ways to transition to solar power in an affordable and sustainable way.
Generally, nonprofit organizations have two options to fund their solar installation: direct ownership or, if based in Arkansas, third-party ownership. Direct ownership means your organization would be responsible for purchasing and maintaining the system completely, while third-party ownership means a developer or a group of investors owns and operates your solar system and you pay for your monthly electricity usage. This allows the organization to realize the more affordable energy costs without the upfront investment or ongoing maintenance costs.
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Savings & Incentives
In addition to the savings you’ll see from a cheaper energy source, nonprofits and educational organizations may be eligible for additional tax breaks or incentives. Below are a few things to keep in mind:
Tax-exempt status
Although nonprofits can’t utilize the 26% federal tax credit to their solar installations, nonprofits can install their systems with the help of solar financers or third parties who would be able to take advantage of the credit and pass on the savings.
Fundraising opportunities
Many nonprofits and schools have the option to fundraise or apply for grants to fund the installation costs of solar power. Many donors will be interested in supporting lasting sustainability of your organization.
Grants
School-related grants
There are also several organizations focused on funding solar energy for educational organizations, such as the American Solar Energy Society, National Energy Education Development Project, and the Walmart Foundation.
Learn more about the ways you can fund your solar system. Contact Solera Energy to get started at (855) 650-7404 or contact us online.
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Get Started With Solera Energy Today
We understand that your organization’s goal is to fulfill your mission effectively and efficiently. That’s why our goal is to provide you with the best energy source to do so. Solera Energy is here to help you transition your organization so you can truly be energy-independent.
Start your organization’s journey to solar power with the professionals at Solera Energy today. Contact us at (855) 650-7404 or contact us online .
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