Clean Energy for California Schools
Public schools across California are adopting solar electric systems at a breakneck pace, and for good reason. Schools have high energy bills, ample of roof and parking lot areas for solar, and (in most cases) a solid operating budget to support the payments for solar electric systems. Investors love to fund solar for public schools, because they can take advantage of the federal tax credits that the schools cannot take. And with the California Clean Energy Jobs Act (Prop. 39) channeling hundreds of millions of dollars to public education, energy efficiency and renewable energy studies are now being funded for schools all over the state.
In addition to reducing current operating expenses and creating certainty around future energy costs, school districts that invest in solar power can enhance their educational missions and set a good example for their community while reducing their overall carbon footprint.
A Unique Financing Option
Sun Light & Power has teamed up with SolEd Benefit Corp., an innovative California-based solar energy finance firm, to provide schools with unique Power Purchase Agreements (PPA) designed to reduce long-term operating expenses by providing a declining cost of energy once the system costs have been covered. The school pays only for the electricity they use, not for the full cost of the system. This PPA option allows schools to gain long-term access to clean and affordable solar power with little or no capital investment. To our knowledge there is no other PPA provider that operates in this way, and the savings that schools can achieve with this financing instrument are compelling. Learn more by visiting our financing page.