Schools and local governments offered lower cost solar power

July 29, 2010

A new solar energy financing program has been launched for nonprofit and tax-exempt organizations, offering solar power at 5% savings compared to traditional power.

Renewable Social Benefit Funds will make the energy available through power purchase agreements, indexing solar prices against local utility rates to ensure a constant 5% discount.

It means if utility rates drop, so do the solar prices. The program is run in partnership with Pacific Edison, Golden Power Partners, and Martifer Solar USA.