It Takes a Village – or a Good Partnership
Solutions for houses of prayer, schools, and non-profits looking for solar financing
We have a novel approach that allows us to offer schools, houses of worship, and other non-profits the opportunity to:
Solar Power Purchase Agreement (PPA)
Solar incentives are primarily in the form of tax benefits, and non-profits are unable to take advantage of these incentives as they do not pay taxes.
Luminous Solar uses Power Purchase Agreements, also called PPA’s, to provide non-profit organizations a way to monetize these tax benefits.
A PPA is an agreement whereby the non-profit agrees to purchase the power generated by the solar system at a discounted rate to what it is paying to the electric company.
Instead of buying the solar equipment, the non-profit does not have to make any investment and just buys the power that the solar equipment produces.
Luminous designs its PPA’s as follows: