Academic Institutions

Many schools, colleges and universities are ideal places to host solar power systems. They are only as a source of energy but also a source of learning and an example and inspiration to students and faculty interested in reducing their carbon footprint.

For academic institutions, installing solar power systems can:

• Help achieve American College and University Presidents’ Climate Commitment objectives
• Earn points toward LEED® certification
• Reduce electricity costs (in some cases)
• Hedge against future electricity price increases

Because most academic institutions are non-for-profit organizations, they are unable to take advantage of accelerated depreciation and other tax benefits designed to encourage the use of solar power systems. This factor, coupled with a challenging environment for revenue and endowment growth, can make the high up-front cost of system ownership unattractive.

CarbonFree Technology works with academic institutions to structure transactions allowing them to benefit from the use of solar power without any initial or ongoing costs. Using third-party ownership, we allow the tax benefits and other incentives to be claimed by the parties who can use them most, while the school, college or university either benefits from buying electricity at low and predictable long-term prices or benefits from earning lease income from the space used to host the solar power system.

If you are considering solar power, we would be happy to work with you to analyze your solar resource, indentify available incentives and design optimal systems.  

Contact Us for a free quote.