CollectiveSun, a company helping nonprofits and tax-exempt organizations fund solar projects, has teamed up with EnergySage to create a powerful new solution that allows nonprofits and tax-exempt entities to seamlessly navigate the solar purchasing and financing process.
The CollectiveSun-EnergySage partnership removes the hurdles that nonprofits and tax-exempt organizations have historically had in both financing solar installations and locating high-quality, pre-screened solar installers. Now, nonprofits and tax-exempt organizations will all be able to better take advantage of solar energy.
“CollectiveSun is always looking for ways to deploy more solar,” said Todd Bluechel, VP of marketing and sales for CollectiveSun. “The CollectiveSun-EnergySage partnership was formed to help broaden and strengthen both companies’ ability to deploy more solar. Even though this partnership is a win-win for both, it’s particularly beneficial for the 1.5 million nonprofits nationwide who have been seeking ways to afford solar.”
CollectiveSun provides a solar power agreement (SPA). This proprietary financing method allows the company to utilize solar tax benefits that would otherwise be lost and pass the savings onto the nonprofit buyer in the form of a 15% reduction in the cost of a new solar system. CollectiveSun also offers assistance and a variety of methods to help provide the upfront capital for the SPA, including a proprietary CrowdLending campaign.
This innovative financing model will now be available to nonprofits and tax exempt organizations that register on EnergySage. Backed by the U.S. Department of Energy, EnergySage is the country’s largest online comparison-shopping marketplace for solar, and matches thousands of nonprofits with its network of over 500 vetted solar companies each year. As validated by the National Renewable Energy Laboratory (NREL), EnergySage’s impartial information and competitive bidding platform helps solar shoppers make more informed decisions and save up to 20% on their solar installation costs.
“Installing solar panels is a great way for tax exempt organizations to reduce operating costs and simultaneously benefit the environment,” said Aaron James, VP of network partnerships at EnergySage. “Whether you run a school, food bank, church or other mission-based organization, the EnergySage-CollectiveSun partnership offers a new way to make an even larger impact by switching to clean, renewable energy. We’re up and running and actively accepting new registrations.”
To get started, nonprofits and tax exempt organizations are encouraged to visit www.collectivesun.com/installerbids. Organizations interested in offering a similar solution to its community should contact Aaron James at firstname.lastname@example.org for more information.
News item from EnergySage