One of my clients, Sun Light & Power, a Berkeley green business just sealed a deal with San Rafael-based solar electric finance specialist SolED to do Power Purchase Agreements (PPA) in the State of California. In addition, this partnership enables both companies to be stronger California Benefit Corporations for the State and taxpayers.
As we all know, this means:
• schools municipal buildings
• village halls
• fire departments
• city halls
• other halls of government in the State.
This well needed energy savings or tax monies will enhance the educational budgets of schools; setting that great example needed while reducing government’s overall carbon footprint. Gary Gerber, founder and president of Sun Light & Power also announced that the deal will give both his public sector and his private sector customers better access to a full range of financing options. ; which can now include the PPA contracts to "pay as you go". This also gives the owner of the system (SolEd and/or Sun Light & Power) the tax advantages of the renewable energy tax credits and accelerated depreciation.
“We wanted to enhance our ability to help our clients navigate the complexities of solar energy financing and incentives,” Gerber says. “A strategic partnership was clearly the best way to achieve that goal, but we took our time finding the right match, with people who truly share our customer-centered values.”
“Our mission is to provide host customers with the lowest lifetime cost of energy,” said David Kunhardt, CEO of SolEd. “Sun Light & Power has been delivering quality for repeat customers for decades, and is also a B Corporation, the perfect partner for SolEd.”
Again, this is news worth noting.
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