Non Profit Solar Energy Installations

For a ballpark estimate, a nonprofit organization with an average monthly electric bill of $600 will need a 50 kW solar system. A 50 kW system will cost roughly $147,500 before incentives and $66,803 after all the incentives are used.

Request your free custom quote to get an exact price for your organization. 

PV solar systems require very little maintenance over their 30-plus-year lifespan. Unless your solar system has bad parts, was installed incorrectly, or is damaged by an outside factor, little maintenance is needed to keep it running.

If something would go wrong, there is a good chance it will be under warranty. Your panels and inverters come with lengthy warranties from the manufacturers. Paradise Energy adds an additional layer of security with our Triple Ten Guarantee. This guarantees the production and workmanship for the first 10 years. 

Nonprofit systems are now eligible for a federal direct pay option, with the payment amount varying based on several factors. Until 2024, tax-exempt entities installing systems will receive a direct payment of 30% of the system's cost. However, post-2024, the eligibility for the full 30% direct payment for systems larger than 1 MW hinges on meeting domestic manufacturing requirements. Systems not meeting these criteria will see a reduced direct payment, scaling down from 90% of the 30% direct pay in 2024 to no direct pay by 2026. Conversely, systems under 1 MW will consistently receive the full 30% direct pay, irrespective of the equipment used.

Additionally, if specific requirements are satisfied, you can potentially secure up to three extra 10% bonuses.

Visit our nonprofit guide for more info. 

 

Solar panels are backed by a robust performance warranty, ensuring their efficiency remains above a certain threshold. The duration of these warranties varies by brand, spanning from 25 to 30 years.
Solar panels also come with a product warranty. These range from 12 to 25 years in length. 

The warranty period for inverters ranges from 12 to 25 years, varying depending on the brand and model.

In addition to manufacturer warranties, Paradise Energy provides an added layer of security with our Triple Ten Guarantee. This guarantee guarantees the system's production for the first 10 years and covers workmanship issues.

Visit our product warranties blog to learn more.

Nonprofits contemplating the switch to solar energy face a significant hurdle in financing, with two main options at their disposal: primary ownership and third-party ownership.

Opting for primary ownership means that the nonprofit must shoulder the initial expenses of the solar project, whether through direct payments or loans. However, this choice grants them full access to the array of long-term cost-saving benefits that solar energy offers. The recent introduction of the direct payment option under the Inflation Reduction Act has made primary ownership a more feasible and attractive option for nonprofits.

Third-party ownership has historically been the go-to option for nonprofits prior to the direct pay option becoming available. Solar leases and power purchase agreements (PPAs) often present no-money-down opportunities. In this arrangement, an investor covers the system's costs, and the nonprofit buys the electricity produced at a rate usually lower than that of utility providers. However, this model transfers the tax savings and other incentives to the system owner. It can also complicating property sales due to lease or PPA transfer requirements.

SRECs are a great additional benefit of owning solar panels.

Owners of solar energy systems earn one Solar Renewable Energy Certificate (SREC) for each 1,000 kilowatt-hours (kWh) of electricity their panels produce. These certificates can then be traded on the open market, offering a way to accrue passive income.

Visit our SREC blog to learn more and to see how much they are selling for.