SDC Energy Pre-pay Solar Financing Solution Benefits Massachusetts Church
Financing provides a quicker path to ownership consisting of one payment upfront, with no future payments.
Along the coastline of the Atlantic Ocean is the Town of Swampscott, Massachusetts, a beautiful and tranquil seaside community of 13,800 residents located 15 miles northeast of Boston. This friendly, welcoming town has been long known as a seafaring fishing village, and its residents have always enjoyed the soothing sounds of the ocean lapping along the seashore.
Located in this peaceful community is The First Church in Swampscott, Congregational. The church was so named because it was the first church established in the town in 1846 as Swampscott was developing into an independent town, separating from nearby Lynn.
Building Improvements Lead to Solar Energy
The congregation has had its home in a number of buildings over the years. Development of the current building on Monument Avenue began with the Clarke Hall side in 1955, and the present New England colonial church was completed in 1967. The buildings newest addition is a rooftop 25.2 kW DC solar array.
Green Energy Generation Makes Sense
Looking back to its roots, Swampscott has always been one with nature. Utilizing solar energy to generate clean, green energy just made, not only good financial sense, but also good environmental sense to the Church. By utilizing the energy generated from the array and reducing their reliance on fossil fuels, the system generates an estimated annual output of 84% of the churches energy needs, or 28,829 kWh. This is the equivalent CO2 reduction of preserving 25 acres of forest.
Benefits of Prepaid Solar Financing
The Church’s solar project originated with Collective Sun and financing was done through SDC Energy. In order to pay for their new solar array, The First Church in Swampscott, Congregational selected the pre-pay solar financing solution offered by Collective Sun which is funded through the SDC Energy network of private investors. The pre-pay solar financing solution provides a quicker path to ownership consisting of one payment upfront, with no future payments.
SDC Energy tailors financing terms to develop a unique agreement to meet your customer’s exact needs and expectations. The Church’s solar financing included 20-year extended warranties for the two SolarEdge inverters. The Church also received a discount on the construction cost making this solution an very affordable result for the Church.
System Size: 25.2 kW DC
Estimated Annual Output: 84% of your usage (28,829 kWh)
Equivalent CO2 Reduction: Preserving 25 Acres of Forest
About The First Church in Swampscott, Congregational
The First Church in Swampscott, Congregational is located just two miles form the ocean and are a community of Christians seeking meaning, purpose, and mission through participation in the life of this local church. Visit https://thefirstchurch.org/ for more information about the church.
About Collective Sun
CollectiveSunTM, LLC, was created by seasoned professionals with deep domain expertise in finance and renewable energy. For more information about Collective Sun visit https://collectivesun.com.
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.
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