New paper outlines solar path for nonprofits using PPAs and PACE financing

By Kelly Pickerel Nonprofit community-based organizations, such as affordable housing developers and faith-based institutions, face many obstacles to funding solar projects, but innovative financing tools can help them overcome these hurdles. A new discussion paper released by The Solar Foundation, Urban Ingenuity, and Clean Energy Solutions outlines a path forward for nonprofits using a combination of power purchase agreements (PPAs) and Property Assessed Clean Energy (PACE).
Community-based nonprofit organizations face unique challenges to solar energy development compared to institutions in the private sector, this paper notes. For example, investors can be hesitant to fund these projects due to perceived credit risk, small project size,

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