CollectiveSun, a company dedicated to helping nonprofits and tax exempt organizations fund solar projects, in partnership with EnergySage, an online comparison-shopping marketplace for solar, to make solar financing easier for clients.
Traditionally the customers faced several challenges in financing their solar panel installations and in locating high quality, pre-screened solar installers. The partnership will help firms, whose solar system is 50kW or larger, to acquire solar financing with ease.
CollectiveSun offers a proprietary solar financing method called Solar Power Agreement (SPA) that allows the company to utilize solar tax benefits that would otherwise be lost.
CollectiveSun passes the savings onto the nonprofit in the form of a 15 percent reduction in the cost of a new solar panel system. The company also offers assistance and a variety of methods to help provide the upfront capital for its Solar Power Agreement, including a proprietary CrowdLending campaign, officials said.
Solar Power Agreement will now be available to nonprofits and tax exempt organizations that register on EnergySage.
“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.”
“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,” James added.