CollectiveSun, a company dedicated exclusively to helping nonprofits and tax-exempt organizations fund solar projects, has teamed up with EnergySage, an online comparison-shopping marketplace for solar.
According to the companies, the CollectiveSun-EnergySage partnership removes the hurdles that nonprofits and tax-exempt organizations have historically faced in both financing their solar panel installations and in locating high-quality, pre-screened solar installers. Now, any such organization whose solar system is 50 kW or larger will be able to take advantage of solar energy with ease, they say.
CollectiveSun provides nonprofits and tax-exempt organizations with a 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% 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 SPA, including a proprietary CrowdLending campaign.
This financing model will now be available to organizations that register on EnergySage. Backed by the U.S. Department of Energy, EnergySage is among the country’s largest online comparison-shopping marketplaces 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, according to the partners.
“CollectiveSun is always looking for ways to deploy more solar,” says 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,” says 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.”
Project photo courtesy of CollectiveSun’s website