Kilowatts For A Cause ® is a radical new approach to installing solar & sharing its operational savings with the local community.
We’ve repeatedly espoused the benefits of solar power, social, economic, and environmental. Community solar, commercial solar, residential solar, and more are all part of a renewable energy revolution saving families money, reducing energy burdens, and avoiding costly greenhouse gas emissions. However, there’s a new project on Raise Green’s Marketplace that is taking a new approach to solar power.
Kilowatts for a Cause is a new program created by the Energy Alliance Group of Michigan (EAG) to help promote solar development and installation, as well as local social impact. EAG is partnering with charities, local and national, through Kilowatts for a Cause to use the cost savings provided by cheap solar energy, to create social benefits that match the environmental benefits of renewable energies. When a business, residence, or entity installs solar power, not only do they cut emissions and their energy bill, they funnel cost savings into local charities, building community resilience. Here’s a simple breakdown of this impact:
The charity partner, supporters, or non-profit with solar installations installed at their business can join the Kilowatts for a Cause™ program for free.
Those participating in the program will have a solar system installed at their business at no cost. In return, the business or non-profit owner agrees to purchase the electricity generated by solar, at a price equal to or less than their current peak electricity costs.
The Energy Alliance Group of Michigan then donates to the charity partner or non-profit, a percentage of its annual profits generated from each kWh produced by the solar installation for a period of up to 20 years.
Kilowatts for a Cause is currently raising funds on the Raise Green Marketplace for a specific Michigan-based solar project. This project will be a 20kW installation on the Grand Marais Michigan School, located in Burt Township on Michigan’s Upper Peninsula.
This historic school, founded in 1929, will benefit from solar power through reduced energy costs, estimated at 10% savings in year 1 and 27% savings by year 20. Based on the project size and operational assumptions, these savings will equate to between $10K-30K donated to local charities, helping bolster social resilience and economic development. Furthermore, the local community will incur an economic development benefit during the construction and post commission operation & maintenance periods.
If you’re looking to put your dollars to work for good, investing in the Kilowatts for a Cause project could lead to social, environmental, and economic impact, while potentially earning a return on your investment. This project is currently doing an Indications of Interest opportunity, looking to gauge investor engagement before taking a full offering live. Now is the time to indicate your support for these climate defenders and charity leaders, without entering a binding contract of investment. For more information on this project, visit https://invest.raisegreen.com/offering/kwcauseioi/details.
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