Solar Power World

  • Home
  • Top Solar Contractors
  • Solar+Storage
  • Articles
    • Most Recent Posts
    • News
      • Latest News Items
      • Solar tariffs
      • COVID-19 News
    • Featured
      • Latest Feature Stories
      • Contractors Corner
      • Installation Practices
      • Trends in Solar
      • Folsom Labs Solar Boot-Up
      • The Solar Explorer
  • Products
    • 2020 Top Products
    • Batteries and Storage
    • Inverters
      • Manufacturing Locations
    • Racking and Mounting
    • Software
    • Solar Panels
      • Manufacturing Locations
  • Leadership
    • 2020 Winners
    • 2019 Winners
    • 2018 Winners
  • Subscribe
  • Resources
    • About SPW
    • Digital Issues
    • Event Coverage
    • Podcasts
    • Product Databases
      • Solar Inverter Models
      • Solar Panel Models
      • Solar Racking Models
      • Battery Storage Models
    • Product Manufacturing Locations
      • Global Inverter Manufacturing Locations
      • Global Solar Panel Manufacturing Locations
    • Suppliers
    • Videos
    • Webinars
    • Whitepapers
  • COVID-19 NEWS

RE-volv partners with Trisolaris to expand solar funding to more nonprofits

By Kelsey Misbrener | October 8, 2019

Share

San Francisco nonprofit RE-volv has partnered with Trisolaris to bring solar to hundreds of U.S. nonprofits by 2021. Community-serving nonprofits such as schools, homeless shelters and places of worship will now have access to a new solar Power Purchase Agreement offering from RE-volv. Nonprofits that typically have barriers obtaining solar financing will now be able to go solar with no up-front costs and potentially save 15% or more on day one.

“This partnership will allow for a rapid expansion of solar to small and medium-sized nonprofits across the country by combining the field expertise of RE-volv, with the financial investment capacity of Trisolaris,” says Andreas Karelas, RE-volv founder and executive director.

1.5 million nonprofits in the U.S. currently have barriers to solar financing because they do not have the ability to claim federal and local tax credits. The new partnership will enable nonprofits to easily take advantage of the cost-saving benefits of solar energy through a Power Purchase Agreement with Trisolaris.

PPAs allow a taxpaying entity like Trisolaris to pay for the up-front system costs and utilize the federal solar tax credits. They then sell the electricity, in this case, to the nonprofit. The nonprofits then reap the benefits of solar by paying no upfront costs and locking in a low long-term fixed electricity rate — as the PPA contract is not subject to utility rate increases.

“As the urgency to decarbonize our planet increases, so does our resolve to deploy more solar to the communities that need it most. We’ve seen firsthand what the savings from solar can do for a nonprofit. From the ability to hand out more vegetables at a food pantry to providing new learning supplies at an after-school program — solar enables nonprofits to empower more community members,” said Michael Ferrante, Trisolaris CEO.

In order to bring solar to more nonprofits, RE-volv trains college students and volunteers across the country to identify nonprofits in their communities and talk to them about the benefits of going solar. The Solar Ambassador Program provides valuable career skills while training tomorrow’s clean energy leaders. Over 120 students from 12 universities in eleven states are Solar Ambassador College Fellows in the program this school year. Anyone in the country can also volunteer as a Solar Ambassador Community Champion and bring solar to a nonprofit near them.

To date, RE-volv has signed solar leases with 25 nonprofits in 8 states, accounting for 316 kW of installed capacity. RE-volv is currently accepting applications to go solar from nonprofits anywhere in the country.

News item from RE-volv

About The Author

Kelsey Misbrener

Kelsey is senior editor of Solar Power World.

Tell Us What You Think! Cancel reply

Related Articles Read More >

Massachusetts governor vetoes major climate legislation citing economic concerns
Guest column: Solar plans accelerate upon shifting balance of power in D.C.
Panasonic promotes 13 solar installers to Elite and Premium tiers of program
Four community solar arrays in Denver to open to both residential and commercial customers

Stay Informed With Great Solar Power Content

Videos Podcasts Webinars Whitepapers

SPW Digital Editions

Solar Power World Digital EditionBrowse the current issue and archived issues of Solar Power World in an easy-to-use, high-quality format. Bookmark, share and interact with the leading solar construction magazine today.

Solar Policy Snapshot

Solar policy differs across state lines and regions. Click to see our monthly roundup of recent legislation and research throughout the country.

Read More >

Popular Posts See More >

Solar investment tax credit extended at 26% for two additional years
Think before trashing: The second-hand solar market is booming
The changing state of retiring solar panels
The winners and losers in U.S. solar manufacturing in 2020
Tweets by @SolarPowerWorld
Solar Power World
  • Top Solar Contractors
  • Solar Articles
  • Top Products
  • Leadership
  • WTWH Media
  • About/Contact Us
  • Advertising
  • Subscribe
  • Windpower Engineering & Development

Copyright © 2021 WTWH Media, LLC. All Rights Reserved. Site Map | Privacy Policy | RSS

Search Solar Power World

  • Home
  • Top Solar Contractors
  • Solar+Storage
  • Articles
    • Most Recent Posts
    • News
      • Latest News Items
      • Solar tariffs
      • COVID-19 News
    • Featured
      • Latest Feature Stories
      • Contractors Corner
      • Installation Practices
      • Trends in Solar
      • Folsom Labs Solar Boot-Up
      • The Solar Explorer
  • Products
    • 2020 Top Products
    • Batteries and Storage
    • Inverters
      • Manufacturing Locations
    • Racking and Mounting
    • Software
    • Solar Panels
      • Manufacturing Locations
  • Leadership
    • 2020 Winners
    • 2019 Winners
    • 2018 Winners
  • Subscribe
  • Resources
    • About SPW
    • Digital Issues
    • Event Coverage
    • Podcasts
    • Product Databases
      • Solar Inverter Models
      • Solar Panel Models
      • Solar Racking Models
      • Battery Storage Models
    • Product Manufacturing Locations
      • Global Inverter Manufacturing Locations
      • Global Solar Panel Manufacturing Locations
    • Suppliers
    • Videos
    • Webinars
    • Whitepapers
  • COVID-19 NEWS