Solar+Storage Financing Options for Nonprofits

More communities than ever before are considering the benefits of solar and battery storage to provide a safe, reliable source of back-up power in the event of an outage. However, the upfront cost to install a system can prove insurmountable.  

Financing options – such as a loan, lease or power purchase agreement (PPA) – provided by trusted third parties can help communities access renewable energy without the steep upfront cost. This Clean Energy Group webinar will cover clean energy financing options for nonprofits featuring presentations by RE-volv and Collective Sun – two organizations that have provided dedicated support and financing options to nonprofits exploring solar for over a decade. 

At RE-volv, a nonprofit established in 2011, nonprofits can choose to pursue a lease (for solar) or a loan (for solar, battery storage, EV infrastructure, and necessary building or electrical upgrades). RE-volv has funded 78 solar projects that have saved those nonprofits $36 million. 

At Collective Sun, nonprofits can choose a financing option that can either support solar or solar+storage. It also offers the option to seek financing for only the 30-70% of the project that is eligible for Direct Pay reimbursement through the Investment Tax Credit. Collective Sun has supported 216 solar projects in 24 states. 

Panelists: 

• Nicole Withrow, Director of Sales, Collective Sun 
• Andreas Karelas, Executive Director, RE-volv 
• Anna Adamsson, Project Manager, Clean Energy Group (moderator)