Solar energy solutions for non-profits.
If you are a non-profit organization, Power Purchase Agreements (PPAs) are a good solution for solar energy system installation. PPAs alleviate the cost of installing a solar electric system. A power provider pays the costs associated with procuring solar power, and the non-profit organization does not have the financial responsibility of maintenance and other issues. Power provided then becomes a signed agreement of how much the usage of electricity will cost. Usually in this scenario, electricity use is attained at a discounted price, and depending on the contract, the solar energy system itself at a later date may become transferable to the non-profit organization free of charge, or at least purchased at an affordable price. The investors in this type of agreement take advantage of the tax equity provided by a solar PPA installation, such as from a quick depreciation of photovoltaic and the substantial tax grants or credits derived from it. Because of this, they can sell the electricity generated to organizations such as non-profits at a discounted price.
If a non-profit organization in New Jersey wants to purchase and own a solar electric system, there is the New Jersey rebate and SRECs (Solar Renewable Energy Credits) resulting from it. SRECs can generate enough revenue to pay for the solar energy system in a very short period of time, and they continue to produce positive cash flow once the system has been paid for during the next fifteen years. This is in addition to the free electricity that a non-profit is receiving.
Either way, 4BestSolar can help guide a non-profit organization through the solar energy process in a way that makes sense for the organization.
