Solar Impact Partners
As part of our commitment to create maximum positive change in the communities where we live and work, ReVision Solar Impact Partners (RSIP) is helping local schools, nonprofits and municipalities across Maine, New Hampshire and Massachusetts acquire solar energy at zero upfront cost.
These unique “anchor” solar projects make our community institutions more sustainable while simultaneously accelerating the societal transition to clean energy — by virtue of being highly visible, institutional projects raise awareness and encourage solar investments by local citizens and businesses in the surrounding community.
Every study on the matter concludes that the best predictor of where the next solar project is going to be built is the proximity of an existing array. The key to the success of our program (more than 100 solar projects built for nonprofits since 2010) is called a Solar Power Purchase Agreement (PPA).
What is a Solar PPA?
Solar PPAs are a structure whereby a school, nonprofit or municipality agrees to purchase the electricity generated by a solar array (not the actual solar array itself) financed and built by an ‘impact’ investor. The investor receives tax credits and other incentives available for the solar equipment, and sells the power generated by the solar equipment to the host institution, usually at a rate competitive with or even better than the local utility.
We prefer ‘impact’ investors because they want to use their money to create positive change while deriving a modest return, rather than simply making a buck.
Solar PPAs can be used to fund all kinds of solar projects, including commercial and utility projects, but they are especially great for nonprofits because they allow nonprofits to go solar at zero up front cost. Nonprofits are not eligible for federal tax incentives for solar, so by going with a PPA instead, they can receive the energy independence and environmental benefits of solar.
What is RSIP and why is it exciting?
ReVision was the first company to bring the PPA model to Maine in 2010, and in the period 2010-2017 we developed over 100 nonprofit and municipal solar projects using a PPA structure.
Many of these Solar PPAs had ReVision acting as the investor and construction company (in others we built the projects and financing was handled by third parties). RSIP is the next evolution of this work. With RSIP, impact investors are the project investors.
It works like this:
- RSIP recruits impact investors who want to put their money to work building solar, and creates a Solar Impact Fund.
- RSIP works with nonprofits with viable locations for solar.
- RSIP develops offers to nonprofits with funds from Solar Impact Fund.
- Nonprofit accepts deal, ReVision Energy builds the solar project, once turned on, nonprofit starts getting the benefit.
- Investors earn a modest rate of return through payments made for solar generation, tax incentives, and other project benefits.
It’s a quadruple win — solar workers get a steady pipeline of work, the nonprofits get a reduced electric bill, the environment benefits from clean electricity, and the investors are able to enjoy a modest reward for using their capital to accelerate the clean energy economy.
ReVision Energy would love to discuss these exciting projects and to share applicable investment opportunity information (such as a Private Placement Memorandum for accredited investors) with you. Fill out the form below to get started:
This web page has been prepared for informational purposes only and does not constitute an offer or solicitation to sell shares or securities in any company. Any such offer or solicitation will be made only by means of a confidential Private Placement Memorandum or similar document and in accordance with the terms of all applicable securities and other laws. None of the information or analyses presented are intended to form the basis for any investment decision.