SDC Energy Helps Four Homeless and Community Outreach Centers in Connecticut Go Solar
Centers have reduced energy costs and investors have reduced their taxes
The city of New Britain, Connecticut is enriched with community volunteerism. The spirit and pride of the community activists is evident through religious groups, social clubs, and community organizations, all of which work diligently to promote positive interaction through ethnic festivals, craft shows, nationally attended auto shows, and other special events.
Friendship Community Service Centers Help Poor and Needy
One particularly important volunteer driven enterprise in New Britain is The Friendship Center, whose mission is to provide direct service to the poor and needy of Central Connecticut, including the ownership and operation of housing for the poor. The Friendship Service Center is a place where the hungry are fed, the homeless are sheltered, and everyone is welcome. Service Center volunteers believe that every act of generosity and kindness can transform the world. They depend on not only volunteers, but also donations from the community and other investors. Continue reading to learn how you can help them continue their important work.
Non-Profit Going Solar
To save on energy costs, The Friendship Service Center, a non-profit, as four buildings that are going solar in New Britain, Connecticut by taking advantage of tax incentives.
How it Works: Non-Profit Reduces Energy Costs & Investors Reduce Taxes
SDC Energy pairs investors with, in this particular situation, the Service Centers, to create an environmentally friendly, win-win benefit for the two. Investors with a high tax appetite can “self direct” their taxes to help a non-profit like the Friendship Service Center reduce the cost of keeping the lights on by going solar. The non-profit gets a solar array installed on the roof of their building, which, as you’ve learned has happened for three of the four Centers to date. The investors enjoy the benefit of paying less on their taxes AND are able to fulfill their philanthropic and environmental impact goals.
Friendship Service Center
In the end, all four (4) Friendship Service Center Projects in New Britain that went solar will have the equipment to save on energy costs for the next 20 years.
Location: New Britain, CT
System Size: 44 kW
System Type: Rooftop Array
Modules: LG 355 W modules
Inverters: Solectria Inverters
Investing for Good – With Your Tax Dollars
Most people don’t realize that Congress provides tax incentives in order to advance the renewable energy market objectives through your tax dollars. Last year alone, Congress provided $13 Billion.
Non-Profits Can’t Utilize Tax Incentives, But You Can
Non-profits are always looking for the best use of the money they are given to make it stretch so that it can help as many people as possible, in the best ways possible. But, since they are non-profits, they can’t take advantage of any of the tax incentives Congress offers. But, you can.
When you invest in a solar project that is paired with a non-profit, you can access these tax incentives. By repurposing your tax dollars, you are effectively “self-directing” how your taxes are being used. The non-profit is benefiting by receiving a donation that helps them reduce their energy costs while continuing their mission. You’re benefiting by fulfilling a philanthropic need and accessing the renewable energy tax incentives that are readily available.
Experienced Solar Financing Company Helps You, Help Others
For 10+ years, SDC Energy has delivered over 130 operating solar projects, mainly for non-profits that have no use for the tax credits. These are true impact investments that reduce carbon emissions and deliver tax savings. A true win, win in that investing in solar projects has lowered the investors’ tax bills through tax credits and depreciation write-offs. It has freed up cash that would otherwise have been paid as taxes to be used to fund the solar project.
What Do You Need to Do to Get Started?
To get started on your tax planning, please share with SDC Energy how much you paid in 2019 Federal taxes and your estimate of 2020 taxes. Also tell us how much of your income is passive versus non-passive income. This will help us maximize the tax offset for your tax situation.
Together, we can increase your tax savings and at the same time help non-profits reduce operating costs for generations to come.
About The Friendship Service Center
Since 1968, the Friendship Service Center of New Britain, Inc. has been a place that those in difficulty could rely on, and with support, it will continue to do so. Basic needs such as food and shelter, as well as community outreach, homeless prevention services and permanent supportive housing are provided to those in need. For more information about The Friendship Service Center, please visit, http://www.fsc-ct.org/.
About SDC Energy
SDC Energy is the leader in commercial solar financing; connecting private investors and installers to fund projects that create significant tax benefits and cost-effective renewable energy. Since 2009, SDC Energy has helped American businesses finance over 52 gigawatt hours of clean solar power. Visit sdc-energy.com for more information about our financing solutions and private investor investment opportunities.
DOWNLOAD INVESTOR GUIDE: Get smarter about reducing taxes with a solar project. Download SDC-Energy.com’s free guide today. https://sdc-energy.com/investor-form/
