Non-profit solar options from HeliomU
Non-profit organizations, such as churches and homeowner associations, have few solar financing options. As a result, installers and developers often avoid them. The problem is that non-profits can’t use the generous federal tax incentives specific to solar, and end up paying more for solar than for-profit organizations. However, there ARE affordable non-profit solar options that CAN substantially reduce the cost of solar, using a prepaid power purchase agreement. This is commonly known as a “Prepaid PPA’.
Interested in a Prepaid PPA?
Financing solar for non-profits is becoming easier, but time is running out to take full advantage of the generous benefits.
What is a Prepaid PPA?
Prepaid PPAs allow financing partners to use the tax benefits, and non-profit solar customers to share in the savings. However, the Investment Tax Credit (ITC) and depreciation incentives will be reduced, beginning in 2018, meaning that those not-for-profits who act soon will be rewarded the most. Helio Micro Utility (Helio mU) has non-profit solar options, and has offered Prepaid PPAs since 2010.
Solar Cost to the Non-profit
The non-profit can use cash-on-hand for the prepayment, or fund with a loan, as they might with the purchase of the system. The prepayment could also be funded through tax-deductible donations; this is a common path to ownership for churches, synagogues and other non-profits with strong membership. Helio mU can even direct you towards resources that assist in gathering such contributions through online platforms.
Helio Micro Utility
Helio Micro Utility offers non-profit solar options and works with all relevant parties to finance and execute Prepaid PPAs, ensuring a profitable outcome for each. With our depth of experience in this field, you will secure the greatest energy savings possible from your solar project. Helio mU is the industry leader in Prepaid PPAs, winning the coveted “Tax Credits Development of Distinction Award” from Novogradac for its pioneering work using a Prepaid PPA to deploy solar on over 100 affordable-housing rooftops. For a free consultation and to discuss how we can help you achieve your goals, please fill out the contact form on this web page.