Hospitals, Colleges, Universities, Foundations, Religious Institutions and other tax-exempt entities are ahead of the curve on their commitment to solving climate change and reducing carbon emissions. Volt Energy Power can help non-profits maximize their tight budgets by reducing energy costs through entering into power purchase agreements.
Since the federal Investment Tax Credit (ITC) can only be taken by for profit entities, it makes economic sense for non-profits to enter into power purchase agreements with a for-profit entity that can utilize the ITC. By using the ITC, the for-profit entity can then pass the savings inherent in the project on to the non-profit by locking its energy costs in for a period of years.
Our professionals have worked on numerous tax-exempt capital project financings for 501(c)3s through state, county and municipal authorities and we are quite familiar with their governance and the various financing vehicles available to them.