Solar for Non-Profits: Run on Sun's SunCorp®
Non-profit organizations—schools, churches, and other entities—are often big consumers of electricity but because of their non-profit status they cannot take advantage of federal tax benefits that can reduce the cost of adding solar by as much as 55%.
Run on Sun's SunCorp changes all of that. We can work with you and your existing donor base to tailor a system that will dramatically reduce your electric bills without any out-of-pocket expense.
Let’s look at an example – suppose a private school wants to offset 70% of its energy bill that it is currently paying to SCE. (For this example, we will assume the school is under the GS-1 rate structure.)
Using Run on Sun’s SCE rate model, for pre-solar usage of 4,000 – 5,000 kWh/month, our private school will pay $9,900 this year in energy costs. Installing a 25kW solar power system will reduce their bills by 70%, resulting in an annual savings of $7,000. Based on these numbers, SCE will provide a PBI rebate payment of $32,000. However, the school would need to payout between $125,000 and $150,000 to install the system and payback does not occur for at least twelve years. |
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Using the SunCorp model, our private school would not pay a nickel out-of-pocket to install the system, nor would they be encumbered with years of lease payments. Working with Run on Sun, the school would enter into a Power Purchase Agreement with the SunCorp to purchase the energy it needs. Unlike establishing a PPA with a commercial vendor, the SunCorp establishes its rates in a cooperative manner between the school and its donor base who become the SunCorp owners. |
Thus, people who would have donated funds to the school anyway, fund the solar power project and see a significant rate of return – as high as 10% or more – as well as a payoff on the investment in half the time (typically five to seven years).
Contact us today to learn more about how a SunCorp could be the key for your non-profit to Go Solar.
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