Non-profit Solar Options

Financing solar options for non-profits is becoming easier

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.

Savings
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How the Prepaid PPA works for Non-profits

For the non-profit solar consumer, a Prepaid PPA reduces your cost of solar by approximately 15%, compared to the full cash price quoted by the installer. For example, a project quoted at $200,000 would cost the non-profit only $170,000 if they pay for energy upfront. Because of this prepayment, the customer does not pay a monthly PPA bill and enjoys a lower monthly utility bill. A suitable third-party investor funds the remaining portion of the project cost, and takes ownership for the first 6 years. One of the best parts is that the non-profit has zero ongoing maintenance costs or production risk which falls to the investor.

Total Savings!
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Typical Solar Cost Reduction
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At the end of that term, the non-profit then takes full ownership of the system without any additional payouts. An additional $10,000 or so of savings can easily be had over those first 6 years by avoiding the expenses that come with maintaining the system, as those are the responsibility of the investor-owner. Total savings for the non-profit on a $200,000 project could be $40,000 or more!

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.

a non-profit solar options chart within the span of 6 years

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.