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Across the nation solar installations are growing at a rapid pace. Businesses and homeowners alike are installing solar panels as a means of reducing utility costs and promoting clean energy. Companies of all sizes have installed solar to decrease overhead costs, and now finally non-profit organizations have ever-increasing solar options as well.
Currently, there are 1.5 million US-based non-profit organizations who were previously hindered by the inability to secure proper financing for solar development.
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Non-profits have historically met with great difficulty trying to integrate the renewable energy source into their organization. This stemmed from the fact that non-profit organizations are tax-exempt and largely based on charity funding, therefore making them ineligible for the thirty-percent (30%) Federal Investment Tax Credit. This in turn created a challenge for financial institutions seeking to underwrite solar financing leaving non-profits without the necessary funding for solar conversion.
Ilumina Energy prides itself in actively and aggressively capturing forward-thinking solutions which will continue to bridge the gap between photovoltaic (solar) energy and non-profit organizations.
What are the financial benefits?
A well-designed solar energy system can help your organization become energy independent. These savings can then be passed on to the non-profit’s cause. Events beyond your control can cause increased energy prices. Solar provides price stability which will allow for great insight and accuracy when budgeting. The right solar energy system puts you in control of your organization’s present and future.
What are the benefits to the environment?
Solar protects the environment and demonstrates your organization’s commitment to sustainability. Installing solar decreases your organization’s overall carbon footprint. Buildings are responsible for a significant amount of carbon emissions and going solar can help decrease that number. Your employees and donors will recognize that you are committed to the environment and being environmentally responsible is a plus for any organization. The resulting commitment by employees and enthusiasm by donors will go a long way to fulfilling your goals.
Where do we begin?
The proper and best place to start is to do an analysis of your organization’s past utility costs and usage. It will help you determine how much you will be able to save and help your solar installer determine your solar panel system needs. Reach out to the experts at Ilumina Energy. They will be able to arrive at the best solution for your organization, secure financing and guide you through the entire process.
At Ilumina Energy, we strive to help companies take care of our environment and utilize natural resources to power their businesses, all the while saving money. Solar is your future and ours. Ilumina Energy stands with you every step of the way.
What about financing?
Many non-profit organizations finance their solar installation through a Power Purchase Agreement (PPA). Ilumina Energy is dedicated to helping tax-exempt entities overcome financing challenges by offering PPA’s to its customers thus facilitating funding for solar development. Why not contact the experts at Ilumina and let us help your non-profit get started with your solar energy solution?