Greentech Lead America: 1st Light Energy, a provider of
solar energy solutions, announced the launch of Benevolent
Solar Fund.
Through this program company aims to help municipalities
and other nonprofit organizations create substantial fundraising opportunities
and save money on their electric bills while reducing their carbon footprint.
Under the Benevolent Solar Fund
program, participating organizations will receive a tax deductible
contribution of $500 or $1,000. Under the terms of a multi-year power purchase
agreement, solar panels are installed at no cost as part of a lease
arrangement.
Under this program, 1st Light Energy has installed a
solar project for St. Benedict Catholic Church and school in Holmdel, N.J.in late February. The project
helps St. Benedict receive $100,000 in Solar Renewable Energy Certificate
payouts.
At St. Benedict, 506 solar
panels in 11 groups behind the school and another 429 panels were placed on
the roof of the school.
In order to receive funds under the program, eligible
organizations need to organize at least 30 homeowners to attend an educational
session hosted by a 1st Light Energy representative. The sessions promote solar
energy, its affordability and its benefits. Funds will be awarded upon
installation of the system.
“In these difficult economic times, nonprofit
organizations and agencies and municipalities in New Jersey can use all the
help they can get. Our new Benevolent Solar Fund is a real win-win for them.
They get all the benefits of clean, affordable solar-generated electricity at
no cost, plus a guarantee of system production and coverage for all
maintenance,” said Justin Krum, founder, president and CEO of 1st Light
Energy.
Recently, 1st Light Energy opened a regional office in
Massachusetts to address the growing demand for solar energy among residential
and commercial property owners in the Bay State.