Catholic Energies recognizes that the biggest barrier to proceeding with capital upgrades to your facilities is often a lack of capital. That is why we have carefully cultivated a unique set of financing options that address the specific needs of Catholic campuses.
Note that there is NO upfront cost to your campus to work with Catholic Energies; your campus will only pay for the projects it chooses to execute. Note as well, that Catholic Energies offers these financing options to those campuses that want them; you are free to pay for projects in whatever way you choose.
For those campuses in states with deregulated energy markets, Catholic Energies will investigate options to lower the cost of your electricity and/or natural gas. Taking advantage of these opportunities is as easy as executing a new, simple contract. We’ll take care of everything for you, so all you need to do is sign on the dotted line and watch your energy costs drop. Obviously, we’ll seek to get you green energy whenever possible.
Catholic campuses that pursue lighting, HVAC or controls projects typically do so in the same way they do any capital project through cash on hand, capital campaigns or debt. For many campuses, these methods work well. For others looking for different options, Catholic Energies has partnered with Sparkfund to offer a customized Technology Subscription to campuses that wish to utilize it.
What is a Technology Subscription? You can read more about it here, but in short this method allows a campus to pursue energy upgrades with:
- No money upfront.
- A full performance guarantee.
- No maintenance risk.
- A fixed monthly payment for 36-84 months that typically comes out of your operating budget, not your capital budget.
Catholic Energies will work with your campus leaders to determine if this option is right for you.
Any Catholic campus that has considered pursuing a renewable energy project has likely faced the same question: Should we pay cash for the system, or should we finance, perhaps through a long-term Power Purchase Agreement (PPA)? This uncertainty combined with the fact that nonprofits that pay cash miss out on the generous tax benefits enjoyed by for-profit organizations can cause analysis paralysis.
Trust us - we get it. Let Catholic Energies help.
We have partnered with industry-leading experts to offer Catholic campuses:
- A no-cost solar analysis of your campus.
- Detailed overview of financing options, and recommendations about which may be best for your campus.
- Access to the tax benefits available to for-profit organizations (for eligible campuses).
- Turnkey financing and development - leave all the hard work to us.
Energy storage projects can be financed in a variety of ways depending on when they are pursued. For example, a battery project that takes place during a solar installation can often be paid for in the same way as the solar project. Adding batteries later means using the Sparkfund Technology Subscription may be a better choice. Regardless, Catholic Energies will work with your campus to determine the best approach.
Contact us to discuss your campuses unique needs, and learn how we can help you!