Groundbreaking Funding Model Puts Solar Energy Within Reach for Nonprofits

NDC unveiled the new financing model Friday at the Gasser Foundation's ribbon cutting ceremony, attended by Bay Area business leaders and policy makers, representatives of U.S. Rep. Mike Thompson and senior executives from Pacific Gas and Electric.

Green energy projects are normally difficult for non-profit organizations to develop because they are ineligible for federal tax incentives. However, NDC joined the Gasser Foundation to help secure alternative sources of funding for the project, which was designed to maximize the economic benefit to the community. Nationally recognized for its work in community housing and other community development projects, NDC devised a unique financing model to secure approximately $1.5 million for the project with the installers, Borrego Solar Systems, Inc., and US Bank.