Aquilla’s Solar Financing Program pairs your nonprofit organization or school with a private solar investor, who can take advantage of federal tax programs not available to the nonprofits.
The investor then offers to purchase and build a solar array at the nonprofit’s location. The investor can then sell the solar power generated from that array to the non-profit at electric rates agreed to in the financing offer. Another option is for the property owner or tenant to lease the solar installation from the financing entity that owns it, in which case there is no sale of power.
Ultimately, the Solar Financing Program creates a path to total solar system ownership after 7-10 years, allowing your nonprofit to own the solar generating assets and save a much greater amount of money in the long-term.