Why Choose A Solar PPA?
With environmental impact becoming an ever increasing concern for many congregations, a solar array can be more than just a cost saving initiative. With a solar PPA, churches, temples, mosques and synagogues can access all the benefits of an installation without any of the upfront cost.
Many religious buildings are a perfect candidate for solar, possessing either ample roof space or a large parking lot in which a covered parking array could be installed. One of the biggest hurdles that churches face when considering solar, however, is that as a non-profit organization they are ineligible to monetize tax benefits that commercial or residential entities receive. With a PPA, the savings that private companies such as SCF receive are passed on to the non-profit through vastly cheaper electricity costs over the course of the term length (15-30 years).
SCF has partnered with a wide range of religious institutions to implement solar projects at churches, temples, schools, gymnasiums, campuses, and houses of worship (HOWs). Being well versed in the importance of environmental stewardship & sustainability initiatives for congregations & HOW members, makes SCF an ideal partner for HOW leadership.
Why Religious Institutions Choose SCF
Understanding the HOW decision-making process, finances & financial documents, and working around programs on site, are considerations made by SCF’s religious institution partners. SCF utilizes a broad range of engineers to accommodate the specific edifices and landscapes religious institutions have on its properties. This allows installations to add a unique and irreplaceable component to the congregations/membership as well as the communities they are a part of.
With over 25 projects already completed, SCF’s religious friends are saving money on monthly electric bills and are able to dedicate those funds to support great causes and grow membership.
Benefits of solar for religious institutions:
SCF recently financed a 158 kW solar array for St. Mark’s Catholic Church in San Carlos, California. St. Mark’s leveraged a no-money-down Power Purchase Agreement (PPA) with immediate savings while also benefiting from two solar car-ports shading over 50 parking spots in its lot. Over the length of the term, the church is expected to save over $3 million, offsetting over 80% of its previous utility consumption.
The SCF Suite
With just 8 project variables, receive indicative pricing in real-time.
- Solve for PPA Rate
- Solve for Build Cost
- Solve for Lease Rates
- Try several iterations
- Identify economic viability instantly
As project parameters are input, documents & agreements can be auto populated, allowing for immediate download & use.
- Sales docs
- Term Sheets
- Diligence Checklist
A project checklist and existing file name architecture allow for an easy to use data room and an easy to manage project.