Belvedere provides solar financing to all kinds of non-profit organizations, including churches and synagogues, charities, homeowner associations, environmental organizations and private schools.
Our solar loan requires no cash investment and generates positive cash flow over the financing term because electricity cost savings exceed the loan payments. We structure loan terms from five to ten years to meet the customer’s cash flow objectives and they own the system from the start.
And with our Condominium Association Solar Financing Program, resident condo owners even get their share of the solar energy tax credit.
Our solar loan is typically much less expensive than PACE and PPA financing.
Here’s why:
- A Property Assessed Clean Energy (PACE) loan is a long-term loan secured by property taxes. A longer financing term generates substantial cash flow from the start, but a higher interest rate, substantial fees and a longer financing term result in very high total financing costs.
- A Power Purchase Agreement (PPA) is an agreement in which a third party owns the system and sells the power to the user. Like PACE financing, a PPA generates substantial cash flow from the start, but the much longer term results in very high total financing costs.
But don’t take out word for it. Our solar model allows you to compare the cash flows and the total cost of our solar loan to PACE and PPA financing.
St. Bartholomew’s Episcopal Church