Nonprofit Solar at Renu Energy
Nonprofit solar energy makes a lot of sense in 2020. Solar energy allows nonprofit organizations to lower their long-term expense ratio ensuring that more dollars go towards supporting the non-profit’s missions. Whenever your non-profit agency can save money on expenses, it benefits your organization’s cash flow—and it also allows more dollars to go towards the causes you support and the people you help. Renu Energy Solutions loves win/win situations like that—and that’s one reason why we specialize in helping non-profit organizations become more energy independent through going solar in an affordable way. This means reduced energy bills from the moment you go online. If you’d like a free solar assessment, contact us online today!
Put Savings Back in Your Budget
First, here are a couple of challenges—and then the solutions.
When switching to solar power energy, the biggest challenge for many nonprofit organizations is paying the initial capital costs. Budgets are often tight.
Here’s another challenge: because nonprofit organizations don’t pay taxes, they can’t benefit from federal tax incentive programs when switching to solar. This approach can help everyone involved, with finance partners benefiting from tax incentives, while you harness electricity savings and a reduction on overall costs, freeing up budget dollars to redirect them back into core programs and activities. It truly is a win-win.
Benefits of Going Solar
Our country’s electricity grid is aging — it was not originally built for the huge demands being put upon it today. In contrast, solar energy power is a clean, renewable energy alternative that is becoming increasingly more popular, and one doesn’t have to rely upon this aging grid.
When you choose to use this clean energy from a 100% renewable source, this is one less building that relies upon fossil fuel energy that can damage air, water, and soil quality. By reducing your carbon footprint, you’re saying “yes” to eco-friendly energy that produces no pollution. And, of course, you’re reducing your energy bills, protecting your organization against future rate increases. In addition to the cost savings and your ability to reallocate critical budget resources and focus on your organization’s main strategies, additional benefits include how you can:
- demonstrate your civic leadership
- use your solar system as an educational tool
Plus, when you share information about nonprofit solar clean energy production and the associated savings to potential funders and donors, this can clearly demonstrate how your nonprofit organization is a careful steward of resources. This can help to attract new donors to your organization who care about clean energy and reduced carbon footprints, and who like to contribute to worthy organizations that maximize energy savings.
Here are just some of the reasons nonprofit solar makes sense:
- Use your savings to reallocate critical budget resources and focus on your organization’s main strategies
- Nonprofit solar will demonstrate your civic leadership
- Use your solar system as an educational tool: monitoring and bill data make math and science exercises fun
- Protect against future rate increases
- Reduce your carbon footprint
- Utilize clean, reliable technology as your energy source
Ownership Models in the Solar Industry
You may hear of an arrangement called a third-party ownership model: the investor owns the solar system and you buy the electricity from the investor at a reduced rate, rather than buying your energy from a utility company.
There is another type of model—primary ownership—where nonprofits with available funds can procure their solar power system without the need for an investment partner. If your nonprofit organization has the ability to pay for the upfront costs of your solar system—whether through your own funds, by obtaining a loan, or receiving donations and/or grant funds—then you would own the system. This would allow your organization to directly take full advantage of energy savings. If you have or plan to raise the resources to go this route, we’d be happy to discuss the pros and cons of third-party and primary ownership of a solar system for nonprofits.
Here’s the bottom line. Whether you decide to make a capital investment in solar or to use flexible solar financing options and monthly payments that lower your energy costs from day one, we have affordable and straightforward options for you.
Solar Energy Grants
If you’re thinking about the primary ownership model for your solar energy power, here are places where you may be able to obtain solar energy grants:
- Office of Energy Efficiency and Renewable Energy (EERE)
- Energy Foundation
- Candid (this foundation was formed through a merger of the Foundation Center and GuideStar)
Home Solar System
The amount of electricity that a solar energy system will produce will depend on a number of factors, including the location of the home, system design, and much more. Ideally, a home with an unobstructed south-facing view will produce more than enough energy.
Installing battery backup along with your solar energy system for home or business is a smart move and can increase the value of your clean energy investment as well as peace of mind when a grid outage occur.
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