Solar For Non-Profits Just Got Easier
Solar companies generally target residential areas and large-scale commercial buildings. Because non-profits do not fall into these categories, getting solar financing becomes an ongoing challenge. This problem escalates because banks and leasing companies view non-profit clean energy investments as a credit risk, making it even trickier to get solar.
There is a Solution
Up until now, financing solar projects required funding by “accredited investors”, or a small group of high-net-worth individuals with enough to invest. Fortunately, now there is an answer. Thanks to a new way of funding and solar companies like Greenzu, non-profits can breathe a bit easier.
Crowdfunding is revolutionizing the way that solar is funded. Rather than depend on a single owner such as a bank or a group of private investors, crowdfunding allows ordinary people to join forces to finance a single solar project. It operates much like the way stock functions, where people purchase shares of the non-profit solar project. This allows them to own a piece of solar on the roof and earn a high-yield cash return.
For non-profits, this provides enormous opportunities to benefit from a solar energy system. With the help of crowdfunding, they will be able to go solar without sacrificing money for upfront costs. It will also give the community a chance to lend a hand to non-profits, so these organizations can focus more financial attention on their missions.