PowerUp Solar Long Island combines multiple cost saving strategies, helping nonprofits go solar for 20-40% below market rate.
By bundling multiple solar installations, developing them along the same timeline, and putting them out to bid as a package, we reduce the total system cost for each project. We anticipate savings of 15-30% on the installation price through this process.
Leveraging Tax Incentives
By taking advantage of tax credits unavailable to nonprofits, we can lower your cost another 15%. This discount comes from a Prepaid Power Purchase Agreement (PPA). In a Prepaid PPA, a tax equity investor contributes 15% of the project cost in exchange for the tax benefits associated with solar investment.
Low-Cost Loan Options
With or without the Prepaid PPA, there is an upfront cost for installing the array. In order to help defray that upfront cost, we can connect you with a government-backed, low-interest loan. Depending on the size of your solar array, this may be a Property Assessed Clean Energy (PACE) loan, or a loan from NYSERDA.